Horton D R News
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D.R. Horton's Southwest Florida Division has announced three furnished model homes are available for viewing in Moody River Estates, a gated community in North Fort Myers.
The Dow Industrials was lower last week while the Nasdaq 100 managed a slight gain and on the NYSE there were more stocks declining last week.
The National Association of Realtors ' pending home sales index showed that pending home sales fell 1.1%.
The earnings crunch continues, and leading homebuilders Beazer Homes USA , Ryland Group and Standard Pacific will be taking their turns in the earnings spotlight Thursday, July 31. D.R. Horton , Meritage Homes and PulteGroup posted mixed results last Thursday, just as the US Department of Commerce announced that new-home sales plunged in June.
Listen up companies. Don't disappoint investors during earnings season. Amazon.com's 10% stock-price hit Friday, following its deeper-than-expected loss, is proof.
Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.
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Worse, the report also contained a large reduction in May's sales numbers. Without a word of explanation or even a "my bad" apology, Census at least answered the question as to why there had been a mismatch between new home sales and housing starts - erroneous sales numbers.
After posting strong gains in its new luxury line, the national homebuilder this year announced it would introduce a smaller, more affordable line for first-time buyers.
The Standard & Poor's 500 Index extended a record as Facebook Inc. rallied on higher revenue, and growth in global manufacturing offset a drop in home sales.
For the third quarter the homebuilder reported earnings of 32 cents a share, missing the Capital IQ Consensus Estimates of 49 cents a share by 17 cents.
Fort Worth, Texas-based D.R. Horton , the largest U.S. homebuilder, said fiscal third-quarter earnings declined as sales margin shrank and it incurred $54.7 million in pretax costs.
Updated: Fri Aug 01, 2014 04:12 am
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