DR Horton Inc DHI

Consumer Cyclical Residential Construction

D.R. Horton, Inc. is a homebuilding company. The Company constructs and sells homes through its operating divisions in 125 markets across 36 states. The Company’s segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Homebuilding divisions are primarily engaged in the acquisition and development of land and the construction and sale of residential homes. The Company’s rental segment consists of single-family and multifamily rental operations. The single-family rental operations construct and lease single-family homes within a community and then generally market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company with operations in 59 markets across 24 states. The Financial services segment provides mortgage financing and title agency services to homebuyers in many of the Company’s homebuilding markets. It also conducts insurance-related operations.

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DR Horton Inc

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Post by bc4uon Sep 05, 2012 7:20pm

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Post# 20322029

News Summary: US home prices up by most in 6 years

News Summary: US home prices up by most in 6 years

Tuesday, Sep. 04, 2012
The Associated Press

HOME PRICES RISE: U.S. home prices jumped 3.8 percent in the 12 months ending in July, according to CoreLogic, a private real estate data provider. The year-over-year increase was the biggest since August 2006.

STEADY RISES: The index is the third national measure to show steady increases. The Standard & Poor's/Case-Shiller index posted its first annual increase in nearly two years last week. And a federal government housing agency has also reported annual increases.

SLOW RECOVERY: The housing market is slowly recovering. Sales are up. Builders are starting work on more homes. Still, prices remain 27 percent below their peak in April 2006, CoreLogic said.

https://www.modbee.com/2012/09/04/2357661/news-summary-us-home-prices-up.html