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D.R. Horton profit, sales rise as coronavirus pandemic hits housing

Added 04-28-20 08:04:02am EST - “D.R.? Horton? Inc. said Tuesday that profit and sales rose in the latest quarter, but home orders were slowing and cancellations were growing due to the coronavirus pandemic.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “D.R. Horton profit, sales rise as coronavirus pandemic hits housing”. Below is an excerpt from the article.

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DeBianchi Real Estate founder Sam DeBianchi discusses the housing market and says the coronavirus pandemic won't automatically cause city residents to move to the suburbs.

D.R. Horton Inc. said Tuesday that profit and sales rose in the latest quarter, but home orders were slowing and cancellations were growing due to the coronavirus pandemic.

The Arlington, Texas-based home builder reported earnings of $482.7 million or $1.30 a share in the second quarter, compared with $351.3 million, or 93 cents a share, a year earlier.

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