News From D.R. Horton

clipped from www.tradingmarkets.com Tuesday, October 16, 2007; Posted: 07:00 AM 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%.