D.R. Horton's Margins Should Hold Up Well in Difficult Housing Market Environment
D.R. Horton is the largest US homebuilder, with an extensive geographic footprint, ample land supply, and wide product breadth. The homebuilder serves a diverse range of homebuyers, including entry-level, move-up, higher-end, and active adult. Recognizing the growth opportunity from price-conscious first-time buyers, D.R. Horton launched Express Homes, its entry-level product, in 2014. D.R. Horton's focus on affordable price points has paid off, in our view, and homes priced at or below $350,000 now account for over 50% of delivered homes.
United States