Major Homebuilder Reports 60% Sales Increase

Before you go, we thought you'd like these...
Before you go close icon
It seems remarkable -- indeed, almost unbelievable. But the data tells the tale: U.S. homebuilder D.R. Horton reported a profit for the third consecutive quarter yesterday, due to increased home sales and cost cutting. Revenue grew 51 percent to $1.38 billion in most recent quarter as the company sold 6,308 new homes, a 60 percent increase. D.R. Horton, based in Fort Worth, Texas, builds primarily for first-time homebuyers. It has cut costs by spending less on construction and building on cheaper land.


More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners