HORTON D R INC /DE/ · 2026-11-03 · Importance 31 · Surprise 32
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 management forecast 79,000 to 84,000 home closings for fiscal 2027. source
D.R. Horton reported housing starts dropped 45% sequentially as inventory was adjusted to weaker demand. source
D.R. Horton reported net sales orders decreased 7% year over year. source