November 8, 2018 / 11:43 AM / 6 days ago

D.R. Horton profit boosted by higher demand from home buyers

Nov 8 (Reuters) - D.R. Horton Inc, the largest U.S. homebuilder, reported a 48.8 percent rise in quarterly profit, driven by healthy demand from home buyers and lower tax.

D.R. Horton’s net income rose to $466.1 million, or $1.22 per share, in the fourth quarter ended Sept. 30, from $313.2 million, or 82 cents per share, a year earlier. (Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

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