D.R. Horton results signal return of first-time home buyers

April 22, 2015 5:41 PM

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April 22 (Reuters) - D.R. Horton Inc's quarterly results gave a strong indication that first-time home buyers are finally returning to the market as home ownership in the United States becomes cheaper than renting.

This will come at a cost to the largest U.S. homebuilder's profit margins in the short term, as its low-priced homes account for a much greater proportion of sales.

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