D.R. Horton profit boosted by higher home sales

July 21, 2016 10:24 AM

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D.R. Horton profit boosted by higher home sales

D.R. Horton Inc (DHI.N), the largest U.S. homebuilder, reported a 13 percent rise in quarterly profit as it sold more homes.

D.R. Horton, which caters to people buying their first or second homes, said its net sales orders climbed about 13 percent in the third quarter ended June 30 from a year earlier.

Also read: Mid-market sales still strong, but overall home sales in South Florida struggle

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