Reported 22 days ago
U.S. homebuilder D.R. Horton has revised its revenue forecast for 2025 downward due to weak demand for homes, reporting a 15% drop in second-quarter revenue and falling below profit expectations. CEO Paul Romanowski noted a cautious approach among potential buyers influenced by affordability issues and declining consumer confidence. The company now anticipates full-year revenue between $33.3 billion and $34.8 billion, a decrease from earlier predictions.
Source: YAHOO