Welcome to our dedicated page for D R Horton news (Ticker: DHI), a resource for investors and traders seeking the latest updates and insights on D R Horton stock.
D.R. Horton, Inc. reports developments tied to its U.S. homebuilding, rental housing and homebuyer financial-services operations. Company updates commonly cover quarterly earnings, homes closed, net sales orders, cancellation rates, profit margins, liquidity, leverage, dividends and capital allocation.
The company builds and sells homes across a broad price range, constructs and sells single-family and multi-family rental properties, and provides mortgage financing, title services and insurance agency services for homebuyers. News also includes Forestar Group, D.R. Horton’s majority-owned publicly traded residential lot developer, whose lot inventory, development activity and contracts support the company’s controlled lot supply.
D.R. Horton, America’s Builder (NYSE:DHI), has acquired Braselton Homes, the leading homebuilder in Corpus Christi, Texas, for approximately $23 million in cash. The acquisition includes 95 lots, 90 homes in inventory, and 125 homes in sales order backlog. In the past year, Braselton closed 223 homes generating $56.3 million in revenue, with an average home price of $253,000. This strategic move aims to expand D.R. Horton’s footprint in Texas, allowing Braselton to operate as a separate division.
D.R. Horton, Inc. (NYSE:DHI), the largest homebuilder in the U.S., will release its fourth-quarter and fiscal year financial results for the period ending September 30, 2020, on November 10, 2020. The announcement will be made before market open, followed by a conference call at 8:30 a.m. ET. Interested parties can participate by phone or via webcast on the company's investor relations website. A replay of the call will be available later that day and through November 17, 2020. D.R. Horton operates across 88 markets and has closed over 61,000 homes in the past year.
D.R. Horton, America’s Builder, has priced a registered public offering of $500 million in 1.400% senior notes due October 2027. The notes will pay semi-annual interest and are set to close on October 2, 2020, subject to customary conditions. The proceeds are intended for general corporate purposes. Major financial institutions are involved as Joint Book-Running Managers for the offering. D.R. Horton warns that actual results may differ from forward-looking statements due to various market risks, including the impact of COVID-19 and credit market conditions.