D.R. Horton, America’s Largest Builder, says Sales Up 33% in 4th Quarter
As there is concern over a bubble in some of the coastal markets, in the heart of the country housing is still in great demand. D.R. Horton is a builder throughout the southeast, is experiencing tremendous growth on almost every level.
D.R. Horton Inc., the nation’s biggest homebuilder, said Tuesday that its home sales grew 33 percent for the fourth quarter ended Sept. 30.
Net sales orders totaled $3.8 billion, compared with $2.8 billion the year before. Unit volume was 13,950 homes, up 26 percent from 11,105 last year.
In fiscal 2005, net sales orders expanded 28 percent to $14.6 billion, with volume rising 18 percent to 53,232 homes from 45,263 a year ago.
“We are extremely pleased that all of our regions recorded double-digit increases in both sales dollars and units for the quarter,” said Chairman Donald R. Horton.
Shares of D.R. Horton climbed on the news, jumping $1.18, or 3.7 percent, to $33.00 in premarket activity.
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