DHI · News · 20261030N

Macroeconomic Consumer Pressure

HORTON D R INC /DE/ · 2026-10-30 · Importance 25 · Surprise 32

D.R. Horton attributed weaker homebuyer demand to rising mortgage rates, affordability constraints, and cautious consumer sentiment. In fiscal Q4 2026, net sales orders fell 7% year over year, and the company closed 22,915 homes, down 2%. The company expects affordability constraints and elevated mortgage rates to continue affecting buyer demand in fiscal 2027; a separate report noted that monthly mortgage payments on median-priced resale homes had nearly doubled since January 2020, pressuring homebuilders to offer incentives.

Key facts

• D.R. Horton reported fiscal 2026 net income of $2.9 billion and revenue of $33 billion; fourth-quarter demand weakened due to rising mortgage rates and cautious consumer sentiment. source