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D.R. Horton Profit Falls as Mortgage Rates Bite

Original: D.R. Horton Profit Down as Mortgage Rates Weigh,

D.R. Horton, America's largest homebuilder, reported a decline in profit, which the company attributes to elevated mortgage rates weighing on housing demand. Higher borrowing costs have cooled home sales and squeezed margins across the homebuilding sector. Investors and analysts are watching whether rate relief could revive demand, while the results underline continued pressure on the US housing market.

Why now: Mortgage rates remain near multi-year highs, so results from the biggest US homebuilder are a key signal for the housing market.

D.R. HortonUS housing marketWall Street Journal

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• D.R. Horton Profit Down as Mortgage Rates Weigh, · WSJ

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