No.1 U.S. homebuilder D.R. Horton Inc topped Wall Street estimates for quarterly...
) topped Wall Street estimates for quarterly profit and revenue on Tuesday, as lower home prices and declining mortgage rates whetted buyer appetite.
The company’s shares, however, slipped 1.7% to $43.22 premarket, as orders rose 6.4% to 15,588 homes, but fell short of analyst estimates of 15,663 homes, according to IBES data from Refinitiv. Cheaper mortgage rates and the lowest unemployment rate in nearly 50 years are supporting demand for housing, but expensive materials and land and labor shortage are constraining builders’ ability to reduce prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
McDonald’s needs to boost U.S. customer count — but probably won’t lower menu pricesCFO calls effort to turn around the traffic “a top priority in the street fight for market share.”
Read more »
This Wildly Popular Vegan Sausage Roll Boosted British Bakery Greggs Profits By 58%The chain, which is expanding, launched the vegan-friendly alternative to its successful pork sausage roll in response to strong customer demand and a petition.
Read more »
BP profits beat expectations as oil and gas production risesBP's second quarter profits easily beat expectations as a strong increase i...
Read more »
Miller wants border agents to screen migrants to lower asylum numbersAn email obtained by NBCNews suggests the Trump admin. used border agents to screen migrants to lower the number who passed the initial test for asylum.
Read more »