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| D.R. Horton reports 4Q and fiscal 2008 results D.R. Horton, Inc., America's Builder, reported results for its fourth quarter and fiscal year ended September 30, 2008. Home sales revenue for the fourth quarter of fiscal 2008 totaled $1.5 billion on 6,961 homes closed, compared to $3.0 billion on 11,733 homes closed in the same quarter of fiscal 2007. Land and lot sales revenue in the fourth quarter totaled $209.2 million, compared to $154.8 million in the same quarter of fiscal 2007. Approximately 32,000 lots were sold during the quarter, of which 55% were undeveloped, 20% were partially developed and 25% were fully developed. The company owned approximately 99,000 lots at September 30, 2008. For the fiscal year ended September 30, 2008, the Company reported home sales revenue of $6.2 billion on 26,396 homes closed, compared to $10.7 billion in fiscal 2007 on 41,370 homes closed. Land and lot sales revenue in fiscal 2008 totaled $354.3 million, compared to $367.6 million in fiscal 2007. write your comments about the article :: © 2008 Construction News :: home page |