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☆ Three Stock Lunch: D.R. Horton Inc, CSX, and Las Vegas Sands
  + stars: | 2024-04-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: D.R. Horton Inc, CSX, and Las Vegas SandsCourtney Garcia, senior wealth advisor at Payne Capital Management, joins CNBC's 'Power Lunch' to discuss her take on three stocks: D.R. Horton Inc, CSX, and Las Vegas Sands.
Persons: Sands Courtney Garcia Organizations: Horton Inc, CSX, Las, Sands, Payne Capital Management
☆ 3-Stock Lunch: DHI, DFS, LCID
  + stars: | 2023-08-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: DHI, DFS, LCIDDavid Trainer, New Constructs CEO, joins ‘Power Lunch’ to discuss three stocks: D.R. Horton Inc,, Discover Financial and Lucid.
Persons: David Trainer Organizations: DFS, Horton Inc, Discover
☆ Homebuilder Lennar beats profit estimates on strong property prices
  + stars: | 2023-03-14 | by ( ) www.reuters.com   time to read: +1 min
March 14 (Reuters) - Homebuilder Lennar Corp (LEN.N) on Tuesday reported a better-than-expected quarterly profit as high property prices helped offset supply shortages caused by rising material costs and a labor crunch. However, the industry is now staring at a slowdown as high interest rates have made borrowing more difficult for potential buyers. "Our sales volume and pricing have clearly been impacted by rising interest rates, but there remains a significant national shortage of housing, especially workforce housing, and there is still demand," Lennar Executive Chairman Stuart Miller said in a statement. Lennar reported net earnings per diluted share, excluding items, of $2.12 per share, above analysts' average estimate of $1.55 per share, according to Refinitiv data. Reporting by Priyamvada C and Kannaki Deka in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. homebuilder D.R. Horton beats quarterly profit estimates
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +1 min
Jan 24 (Reuters) - U.S. homebuilder D.R. Horton Inc (DHI.N) beat estimates for first-quarter profit on Tuesday, helped by higher home prices as demand outpaced supply due to raw material and labor shortages. While home prices remain elevated, the pace of increase is cooling following a 40% rise in average house prices over the last two years. "The supply of both new and existing homes at affordable price points remains limited, and demographics supporting housing demand remain favorable," Chairman Donald Horton said. Reporting by Kannaki Deka in Bengaluru; Editing by Sherry Jacob-Phillips and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
☆ Lennar forecasts slowdown in orders for new homes, shares fall
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: +2 min
Dec 14 (Reuters) - Homebuilder Lennar Corp (LEN.N) on Wednesday forecast a slowdown in new orders for the first quarter as high mortgage rates make properties unaffordable for some buyers. Lennar expects new orders in the current quarter to be between 12,000 and 13,500 homes, compared with new orders for 13,200 homes in the fourth quarter. However, the U.S. Federal Reserve's aggressive monetary policy tightening to curb decades-high inflation has made borrowing more difficult for customers as mortgage rates have more than doubled since the beginning of the year. Sales of previously owned homes fell for an eighth straight month in September, while homebuilding dropped, signaling that higher mortgage rates are choking the housing market. Net income attributable to Lennar rose to $1.32 billion, or $4.55 per share, in the fourth quarter, from $1.19 billion, or $3.91 per share, a year earlier.
☆ Homebuilder Lennar's quarterly profit rises 11%
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: +1 min
Dec 14 (Reuters) - U.S. homebuilder Lennar Corp (LEN.N) reported an 11% rise in fourth-quarter profit on Wednesday as high property prices offset the impact from a shrinking pool of buyers due to a spike in mortgage rates. However, the industry now faces a cooling homebuilding market as the U.S. Federal Reserve's aggressive monetary policy tightening to curb decades-high inflation has made borrowing more difficult. Net income attributable to Lennar rose to $1.32 billion, or $4.55 per share, in the reported quarter, from $1.19 billion, or $3.91 per share, a year earlier. Revenue rose about 21% to $10.17 billion. Reporting by Priyamvada C in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
☆ Homebuilder D.R. Horton results miss estimates as demand shrinks
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
Horton Inc (DHI.N) on Wednesday missed Wall Street estimates for quarterly profit and revenue as demand for houses tapered following a spike in mortgage rates amid roaring inflation. U.S. mortgage rates have doubled with aggressive rate hikes by the Federal Reserve to contain decades-high inflation, making borrowing less affordable. In another blow to homebuilders, who have enjoyed elevated home prices for a long time due to tight supply, prices slowed in August from the record pace reached in March. "Beginning in June and continuing through today, we have seen a moderation in housing demand caused by significant increases in mortgage interest rates and general economic uncertainty," Chairman Donald R. Horton said in a statement. "While these pressures may persist for some time, the supply of homes at affordable price points remains limited, and demographics supporting housing demand remain favorable."
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