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| D.R. Horton reports first-quarter results D.R. Horton, Inc., America's Builder, the largest homebuilder in the United States, reported a net loss for its first fiscal quarter ended December 31, 2007 of $128.8 million, or $0.41 per share. Net income for the same quarter of fiscal 2007 was $109.7 million, or $0.35 per diluted share. Homebuilding revenue for the first quarter of fiscal 2008 totaled $1.7 billion, compared to $2.8 billion in the same quarter of fiscal 2007. Homes closed totaled 6,549 homes, compared to 10,202 homes in the year ago quarter. D.R. Horton's sales order backlog of homes under contract at December 31, 2007 was 8,138 homes ($2.0 billion), compared to 16,694 homes ($4.7 billion), at December 31, 2006. Net sales orders for the quarter totaled 4,245 homes ($0.9 billion), compared to 8,771 homes ($2.3 billion) for the same quarter of fiscal 2007. write your comments about the article :: © 2008 Construction News :: home page |