D.R. Horton Cuts Forecast as Affordability Bites Into Q2 Margins

America Builder's $7.6 billion quarter showed disciplined execution, but Northwest closings tumbled 19 percent and gross margins compressed under the weight of elevated incentives. D.R. Horton, the nation's largest homebuilder, reported pretax income of $867.4 million on consolidated revenues of $7.56 billion for its second fiscal quarter ended March 31, 2026, a result the company […]