Thursday, October 25, 2007
Tuesday, October 16, 2007
News From D.R. Horton
D.R. Horton, Inc., America's Builder, Reports Net Sales Orders for the Fourth Quarter of Fiscal Year 2007 FORT WORTH, Texas, Oct 16, 2007 (BUSINESS WIRE) -- DHI | charts | news | PowerRating -- D.R. Horton, Inc. (NYSE:DHI), America's Builder, the largest homebuilder in the United States, Tuesday (October 16, 2007), reported net sales orders for the fourth quarter ended September 30, 2007 of 6,374 homes ($1.3 billion), compared to 10,430 homes ($2.5 billion) for the same quarter of fiscal year 2006. Net sales orders for fiscal year 2007 totaled 33,687 homes ($8.2 billion), compared to 51,980 homes ($13.9 billion) for fiscal year 2006. The Company's cancellation rate (sales orders cancelled divided by gross sales orders) for the fourth quarter of fiscal 2007 was 48%. |
Friday, October 12, 2007
Recently Received Information From The National Association of Realtors
| "One of Every 16 Americans is Buying a Home This Year |
| Conditions in the mortgage market are improving for consumers, which should help release pent-up demand in early 2008, according to the NAR's latest forecast. Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages. NAR Vice President of Research, Dr. Lawrence Yun noted that 2007 will be the fifth highest year on record for existing-home sales. One out of 16 American households is buying a home this year. Yun said markets like Austin, Salt Lake City and Raleigh are performing well. Look for Denver and Wichita to join the pack of strong performers." |
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