UPDATE 3-Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip [Reuters (UK)]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip | Reuters 3 Min Read (Reuters) - D.R. Horton ( DHI.N ), the biggest U.S. homebuilder, on Thursday forecast revenue growth for 2019 after topping Wall Street quarterly profit estimates, underscoring strong housing demand. Over the past few years, homebuilders have enjoyed vigorous demand for affordable houses, bolstered by low interest rates, economic growth and an improving job market. But, higher building material costs, and shortages of land and labor are pushing homebuilders to raise home prices, diminishing affordability as more millennials and first-time buyers enter the housing market. An acute shortage of affordable homes in the United States will continue over the coming year, according to a recent Reuters poll, driving prices up faster than inflation and wage growth. D.R. Horton, based in Fort Worth, Texas, beat profit estimates for the seventh straight quarter. It raised the low end of its full-year
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News
- Here's Why D.R. Horton (DHI) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- 20 US Cities with the Most Million-Dollar Homes [Yahoo! Finance]Yahoo! Finance
- D.R. Horton (DHI) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Institutional investors have a lot riding on D.R. Horton, Inc. (NYSE:DHI) with 83% ownership [Yahoo! Finance]Yahoo! Finance
- Homebuilder stocks rise after Fed projects three interest rate cuts this year [Yahoo! Finance]Yahoo! Finance
DHI
Earnings
- 1/23/24 - Miss
DHI
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- DHI's page on the SEC website