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Stock impact report

D.R. Horton cuts 2025 revenue forecast on weak demand for homes [Yahoo! Finance Canada]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Horton lowered its full-year revenue forecast and missed second-quarter profit and revenue estimates on Thursday due to weak demand for homes. Shares of the company fell 3.2% before the bell. "The 2025 spring selling season started slower than expected as potential homebuyers have been more cautious due to continued affordability constraints and declining consumer confidence," said D.R. Horton CEO Paul Romanowski. Rising economic uncertainty in the U.S., resulting from President Donald Trump's tariff policies, could further pressure homebuilders as consumer affordability is impacted amid a high interest-rate environment. In January, the homebuilder flagged higher costs from its buydown incentives and lower home sales gross margin in the second quarter on a sequential basis. It now expects full-year revenue to be between $33.3 billion and $34.8 billion, compared with its earlier forecast of $36 billion to $37.5 billion. It sees about 85,000 to 87,000 transaction closings fr Show less Read more
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