✉news BusinessReal Estate first seen 4 d ago, last 14 h ago, peak #2
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 by volume, reported a decline in profit, with elevated mortgage rates weighing on demand for new homes. Higher borrowing costs have cooled the US housing market, squeezing margins and slowing sales across the builder's operations. Investors and industry watchers are treating the results as a gauge of how deeply rate pressure is cutting into the housing recovery.
Why now: The earnings miss reflects broader concerns about high mortgage rates dragging down the US housing market.
D.R. HortonUS housing marketmortgage rates
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