DR Horton Closes On 58,000 Homes in 2005
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.
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
