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D.R. Horton, America's largest homebuilder, is set to report earnings. The company highlights the importance of land for homebuilders, expecting land prices to continue rising. Despite concerns about land constraints, D.R. Horton remains optimistic about demand and sales performance, with normal construction cycles and improving housing inventory turns. The CEO mentions that housing inventory would need to increase significantly to impact sales. D.R. Horton's recent earnings beat expectations, showing strong performance in the housing market.
Tight supply of homes propels builder D.R. Horton to big sales, profits https://t.co/vnBB17LR2o
🏘️D.R. Horton builds a beat! Homebuilder smashes earnings expectations despite rising rates. Demand stays hot, defying market worries. This housing giant isn't slowing down. Hammering out the details on Rebel's Edge 🏴☠️1pm with @jonnajarian @petenajarian $DHI #homebuilders… https://t.co/47klxJFF5f
D.R. Horton CEO Paul Romanowski: 'we have certainly seen more inventory in the market today on the resale side than we have in the past.' https://t.co/T1RSCjrZFB via @NewsLambert https://t.co/FforUf3uQk
