Reported 8 months ago
D.R. Horton has announced disappointing forecasts for 2025 revenue and home deliveries due to buyer uncertainty amid fluctuating mortgage rates, leading to an approximately 11% drop in its shares. The company missed fourth-quarter profit and revenue estimates as housing affordability remains a challenge, prompting the builder to increase discounts to boost demand. D.R. Horton anticipates delivering between 90,000 and 92,000 homes, which is below earlier estimates.
Source: YAHOO