D.R. Horton (DHI) Slides Most Since 2020 After Miss on Home Orders



D.R. Horton Inc. shares tumbled after the homebuilder reported weaker-than-expected quarterly orders and indicated the price cuts and other buyer incentives that have propped up sales will continue.

For the three months through December, purchase contracts were up 35% from the same period a year earlier, according to a statementBloomberg Terminal Tuesday, but fell short of what analysts had estimated. The shares were down 9.9% to $142.14 at 2:25 p.m. New York time, the biggest intraday decline since March 2020.



Source link

Recommended For You

About the Author: Tony Ramos

Tony Ramos is a seasoned expert in business funding and real estate investment, with a remarkable journey spanning over 20 years. His expertise in flipping properties and implementing the buy-and-hold strategy has positioned him well in the real estate investment sector. Tony's profound understanding of financial strategies extends to teaching individuals and businesses how to become debt-free and leverage the power of LLCs for funding. For insights, mentorship, or collaboration opportunities, Tony can be reached at businessfundingnopg@gmail.com. Connect with him to unlock the potential of smart financial strategies and embark on a path to financial success and freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *