April 20, 2024 5:39 am
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D.R. Horton sees jump in new-home deliveries

dr-hortonBy Kris Hudson | The Wall Street Journal

Home builder D.R. Horton Inc. [one of the larger home builders in Arizona] sidestepped the labor shortages plaguing many of its peers, posting a 23% year-over-year gain in delivered homes for its fiscal fourth quarter ended Sept. 30.

D.R. Horton, the largest U.S. home builder by sales, contracted to sell 8,477 homes in the quarter, up 19% from the year-earlier period, and delivered 10,576. The Fort Worth, Texas-based builder notched a 0.6 percentage point increase in pretax profit margin to 10.7%, a sign that rising labor costs haven’t tripped it up.

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