4 Factors That Underscore DR Horton’s Solid Prospect

Undeniably, there have been indications that the thriving housing market is losing steam of late. Sales of new U.S. single-family homes fell to an eight-month low in June and data for May was revised sharply lower. Again, in June, housing inventories rose for the first time in three years. Average selling prices of new homes have also started to slow down from the prior quarters, even though labor and materials costs are still on the rise. Despite these headwinds, homebuilder D.R. Horton, Inc. DHI is one such company that continues to show strength in several areas and has managed to navigate smoothly.

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Source: Nasdaq