D.R. Horton's affordable homes unit to get boost from first-time buyers [Reuters]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
D.R. Horton's affordable homes unit to get boost from first-time buyers | Reuters 4 Min Read (Reuters) - D.R. Horton Inc’s ( DHI.N ) creation four years ago of a separate affordable homes business is yielding results as robust economic growth returns confidence to the U.S. housing market, and other homebuilders are now increasingly focusing on the segment. D.R. Horton, the biggest U.S. homebuilder, introduced Express brand - a lower-margin business which mainly caters to first-time buyers - at a time when rising land prices made homebuilders wary of building cheaper homes and strict lending standards were limiting buyers’ ability to raise credit. Express accounted for more than one-third of homes sold and over one-fourth of home sales in the latest quarter, the Texas-based company reported on Wednesday. D.R. Horton said the unit is expected to grow at least 10 percent to 15 percent over the next three years. “While the new tax laws may affect the upper-end home buyers and owners, th
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- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Bank of America Co. from $182.00 to $168.00. They now have a "buy" rating on the stock.MarketBeat
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- DHI's page on the SEC website