Post by
lifeisgood1010 on Apr 26, 2022 9:00am
DR Horton still upbeat on the housing market
They reported Q2 this morning.
Beat on eps $4.03 vs $3.38 and beat on sales $7.99b vs $7.49b.
Donald R. Horton, Chairman of the Board said “Housing market conditions remain strong despite the rise in mortgage rates, as we continue to experience homebuyer demand that exceeds our pace of supply. We are still selling homes later in the construction cycle to better ensure the certainty of the home close date for our homebuyers, and we are continuing to work to stabilize and then reduce our construction cycle times to historical norms. With 33,900 homes in backlog, 59,800 homes in inventory, a robust lot supply and strong trade and supplier relationships, we are wellpositioned to grow our consolidated revenues by more than 25% in fiscal 2022