D.R. Horton, Inc. (DHI)

[detearing]

DR Horton's Business Picked Up Further in Jan -- Market Talk 01/28 04:39 AM

--------------------------------------------------------------------------------

7:39 EST - Like NVR on Monday, a strong beat from DR Horton (DHI) as the homebuilder saw a 4% increase in F1Q orders despite the higher interest-rate environment. As such, the number of homes in DHI's backlog ended last year 20% higher than where 2012 concluded. The company continues to boost its homebuilding margins from a year earlier amid the increased activity (closings rose 19% last quarter). Chairman Donald Horton adds, "Our weekly sales pace has accelerated in January." DHI jumps 5.5% premarket to $22.10 after having dropped 6.2% this month. ([e-mail])


(END) Dow Jones Newswires
01-28-140739ET
Copyright (c) 2014 Dow Jones & Company, Inc.


--------------------------------------------------------------------------------
Get more news on:SYMBOLS: DHI NEWS TYPE: Corporate Events SECTORS: Consumer Discretionary, Household Durables, Industrials, Construction and Engineering, Electrical Equipment