DR Horton Closes On 58,000 Homes in 2005
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
D.R. Horton had a banner year for 2005, and is expecting a solid year in 2006
D.R. Horton Inc., the nation’s largest homebuilder, on Thursday boosted its fiscal year earnings forecast, projected closing on a record 58,000 homes for the year and touted 29 percent first-quarter growth, despite signs that the housing market is leveling off.
Horton Chief Executive Don Tomnitz said improved sales and margins produced $310.1 million net income, or 98 cents per share, up from $241 million, or 76 cents a share, a year ago. Fort Worth-based D.R. Horton also raised its fiscal 2006 earnings-per-share outlook to a range of $5.25 to $5.35, and said it expects a second-quarter profit of $1.05 to $1.10 per share. In November, the company forecast fiscal-year earnings of $5.22 to $5.32 per share.
“We plan to continue to focus on the basics of the homebuilding business and distance ourselves from our competitors,” said Tomnitz, whose company is anchored by first-time homebuying. Last year, the company closed its 2005 fiscal year Sept. 30 with slightly more than 51,000 home closings and pledged to raise that number by almost 7,000.
If you watch this show, you can see Josh is the shadiest realtor on the show. 
“I completely agree with an emphasis on usability. The new Realtor.com is currently in Beta and the #1 feature ...
Couldn't agree with you more! We don't see range pricing in the Phoenix, AZ area. At least not yet. And ...
I actually had a different idea concerning how to make open houses safer. I decided to design a website ...
To Dave:
You could be right, but have a bit of humilty and indicate that these are merely your "guesses". If ...
Well, it's interesting to see that the states most affected are ones that have stressed economies already. The fact ...
Realogy has 30% of all the listings across the five brands. That may be a countervailing force in NAR's ...
Exactly! 
One has to wonder if Humpty Dumpty was considered "stabilized" after his free fall... 
If any one reading is interested in property investment in London, you can't get much more central in London than ...
