Tag: Home Construction

U.S. homebuilder D.R. Horton (DHI) posted first-quarter profit and revenue above Wall Street’s estimates on Tuesday, as its incentive offers for buyers ​and the Federal Reserve’s interest-rate cuts boosted home sales.

Lennar one of the nation’s largest home builders, missed earnings estimates for its fourth quarter and issued disappointing guidance, sending shares falling. It isn’t a good omen for other builders—but the report contains some company-specific quirks.

KB Home posted higher revenue and profit in its fiscal fourth quarter, as housing market conditions improved and consumers continued buying homes.

Lennar reported third-quarter earnings on Thursday that beat estimates as homes for sale remained in short supply. Yet the company’s shares were falling in after-hours trading, even as its executive chairman said stronger demand from home-buyers lies ahead.

Lennar logged higher revenue in its fiscal second quarter after reporting a jump in home deliveries and new orders amid sales incentives directly aimed at the consumer.

Shares of D.R. Horton Inc. rallied Thursday, after the home builder reported fiscal second-quarter profit and revenue that rose well above expectations and raised its full-year outlook, as the continued lack of housing supply helped boost sales.

Lennar , one of the nation’s largest home builders, beat expectations for third-quarter revenue and profit on Thursday, demonstrating that demand for new homes remained strong through August.