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08:30
Jul 21 ◎

DHI FY2026 Q3 Watch

D.R. Horton, Inc. (DHI) FY2026 Q3 Earnings Call

DHI ▾

Paul Romanowski

Guidance for Q4 and full year was slightly lowered on home closings, reflecting softer demand later in the quarter, but margins held within guided ranges. Tone is cautious but not alarmist, balancing volume and margin discipline.

"We recognize the current volatility and uncertainty in the broader economy, and we will remain agile and disciplined as we focus on enhancing the long-term value of D.R. Horton."

DHI WATCH

HIGH

08:30
Apr 21 ◎

DHI FY2026 Q2 Watch

D.R. Horton, Inc. (DHI) FY2026 Q2 Earnings Call

DHI ▾

Paul Romanofsky

Management acknowledges persistent demand headwinds but points to disciplined execution and market share gains, leading to a measured outlook that neither accelerates nor deteriorates sharply.

"New home demand remains impacted by affordability constraints and cautious consumer sentiment. However, our tenured teams continue to respond to current market conditions with discipline."

DHI WATCH

HIGH

08:30
Jan 20 ◎

DHI FY2026 Q1 Watch

D.R. Horton, Inc. (DHI) FY2026 Q1 Earnings Call

DHI ▾

Paul Romanowski

Management struck a cautiously optimistic tone: demand is constrained by affordability but they are executing well, growing orders, and maintaining tight inventory control. Guidance was reaffirmed, implying a neutral near-term outlook.

"New home demand remains impacted by affordability constraints and cautious consumer sentiment However, our teams continue to respond to current market conditions with discipline."

DHI WATCH

HIGH

08:30
Oct 28 ◎

DHI FY2025 Q4 Watch

D.R. Horton, Inc. (DHI) FY2025 Q4 Earnings Call

DHI LEN PHM ▾

Jessica Bassett

Management guided to higher closings volume but with continued margin pressure from incentives and sticky lot costs, and a lower share repurchase plan, reflecting cautious optimism balanced by affordability headwinds.

"Looking forward to fiscal 2026, we expect new home demand to reflect ongoing affordability constraints and cautious consumer sentiments."

DHI WATCH

Michael J. Murray

D.R. Horton's average selling price is ~30% below the U.S. new-home average and $65,000 below the median existing-home price, reinforcing its affordable-price positioning that can steal share from both new-home competitors and the resale market. — Sustained affordability advantage lets D.R. Horton capture incremental demand in a rate-sensitive environment while competitors with higher price points may lose share.

"Our average sales price is lower than the average sales price of new homes in the United States by $140,000, or almost 30%. Additionally, the median sales price of our homes is $65,000 lower than the median price of an existing home."

LEN WATCH PHM WATCH

HIGH

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