D.R. Horton Inc (DHI.N)
18 Jan 2019
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.
* Wynn Resorts pulls other casino operators lower on Macau warning
* Wynn Resorts pulls down other casino operators on Macau warning
D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts' estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market.
* Shares fall more than 10 pct; weigh on sector (Adds details from the call, updates shares)
* Indexes down: Dow 0.03 pct, S&P 0.10 pct, Nasdaq 0.13 pct (Updates to open)
Top U.S. homebuilder D.R. Horton forecast first-quarter deliveries below analysts' estimates on Thursday, as rising interest rates push buyers to delay purchases of expensive homes.
Nov 8 Top U.S. homebuilder D.R. Horton forecast first-quarter deliveries below analysts' estimates on Thursday, as rising interest rates push buyers to delay purchases of expensive homes.
Nov 8 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.
U.S. homebuilder D.R. Horton Inc on Tuesday forecast fiscal 2018 home sales and orders below Wall Street estimates, as rising home prices and mortgage rates hurt ordinary Americans' ability to borrow.