D.R. Horton Posts In-Line Q3 Earnings; Home Orders Slow as Tax Credit Expires (DHI)
Posted on August 03, 2010 at 09:08 AM EDT
Home builder D.R. Horton, Inc. (DHI) on Tuesday said it swung to a third quarter profit, matching expectations, but noted that new home orders have begun to slow now that the popular federal home buyer tax credit has expired. The Fort Worth, TX-based company reported fiscal third quarter net income of $50.5 million, or 16 cents [...]