While other homebuilders have reported lower sales numbers this past quarter, D.R. Horton's new toys led to a 9% revenue increase.
News & Analysis: D.R. Horton
DHI earnings call for the period ending March 31, 2019.
Citing the end of its "hope trade," Raymond James cuts Pulte and D.R. Horton to neutral.
By acquiring three smaller private homebuilders, the company was able to post a modest year-over-year gain.
DHI earnings call for the period ending December 31, 2018.
DHI earnings call for the period ending September 30, 2018.
The company's size helped push its fiscal fourth quarter higher, and management could be setting it up to consolidate the market.
So much so that it is already giving cash flow guidance for 2020.
The homebuilder beat on sales and on earnings, and raised guidance for the year.
Sales of new homes continue to soar for one of the nation's largest homebuilders.