DHI · News · 20261101N
Home Closings and Orders
HORTON D R INC /DE/ · 2026-11-01 · Importance 31 · Surprise 32 · In source text
D.R. Horton faced weaker homebuyer demand amid elevated mortgage rates and affordability pressures. Fiscal fourth-quarter net sales orders decreased 7% year over year, while home closings declined 2% to 22,915. Management also reported that housing starts fell 45% sequentially as the company adjusted inventory to weaker demand. The average closing price was $365,600, below the U.S. new-home average.
Key facts
- D.R. Horton’s backlog was $4.46 billion at quarter-end, up 8.1% year over year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | D.R. Horton’s backlog was $4.46 billion at quarter-end, up 8.1% year over year. |