What is DR Horton Inc?
operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States.
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operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 126 markets across 36 states under the names of D. The company is listed on the NYSE in USA, operating in the Consumer Cyclical sector, with a market capitalisation of 37.73B, and a P/E ratio of 12.9x.
A short list of Residential Construction names that are close enough in size to make side-by-side comparison useful.
Openbook research
The 30-year mortgage reached 7.40% on a seventh straight weekly rise. PulteGroup funds it with incentives at 10.4% of price on a 25.0% margin.
Lennar's gross margin fell to 15.8% from 17.5% while incentives were cut to 12.0% of price, the clearest sign new-home margin pressure is structural.
The 30-year fixed mortgage reached 6.76%, a 15-month high, with the Fed now debating a hike. For D.R. Horton the cost lands in margin, not in closings.