NVR, Inc. (NVR) reported impressive first-quarter 2024 results, with earnings and Homebuilding revenues surpassing the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside was backed by improved demand trends, which resulted in higher order volumes.Shares of this leading homebuilder inched up 0.4% during the trading session on Apr 23, 2024.Inside the NumbersThe company reported earnings of $116.41 per share, which topped the consensus mark of $106.03 by 9.8%. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 1-14122 D.R. Horton, Inc. (Exact name of registrant as specified in its charter) Delaware 75-2386963 (State or ot ...

Although current expectations indicate that U.S. interest rates may not decrease significantly soon, there’s skepticism about maintaining high rates over an extended period. If interest rates eventually decrease, financing for new homes would become cheaper, stimulating demand for home purchases and, thus, homebuilder stocks.While inflation remains a concern, prolonged high interest rates could elevate inflation as businesses and consumers adjust expectations and spending accordingly.If your rent goes up du ...

D.R. Horton just delivered a rock-solid earnings report. Here's why the stock can keep moving higher.For those hoping for relief on the mortgage rate front, Fed Chair Jerome Powell had some bad news earlier this week.Powell, who had said in March that the central bank was still on track for three rate cuts this year, warned that inflation was not coming down as expected. He said that "Recent data have clearly not given us greater confidence" that inflation is coming down, and hinted once again that rates wo ...

D.R. Horton, Inc. (DHI) reported second-quarter fiscal 2024 (ended Mar 31, 2024) results, with earnings and revenues surpassing Zacks Consensus Estimate.Shares of the company rose 5% in the pre-market trading session on Apr 18.On a year-over-year basis, both the top and bottom lines increased. The upside was backed by the supply of new and existing homes as affordable price points remain limited and robust housing demand is supported by favorable demographics amid elevated inflation and mortgage/interest ra ...

财务数据和关键指标变化 - 第二季度每股收益增加29%至3.52美元,净收入为12亿美元,合并收入增加14%至91亿美元,税前利润率为16.8% [10][13] - 过去12个月的房地产业务存货回报率为29.9%,权益回报率为22.2% [11] 各条业务线数据和关键指标变化 - 房地产销售收入增加14%至85亿美元,销售量增加14%至26,456套房,平均销售价格增加2%至38.04万美元 [14][15] - 租赁业务收入为3.71亿美元,税前利润为3,300万美元 [26] - Forestar公司收入为3.34亿美元,税前利润为5,900万美元,拥有和控制的地块为96,100块 [28][29] - 金融服务业务税前利润率为34.6% [30][31] 各个市场数据和关键指标变化 - 佛罗里达州市场仍然良好,保险成本上升的影响有限 [49] - 中德克萨斯州(奥斯汀)市场存量房源有所增加,但公司产品定位在可负担价格范围内,仍有较好需求 [143][144] 公司战略和发展方向及行业竞争 - 公司专注于资本效率,保持一致的强劲的房地产经营现金流和回报 [12] - 公司通过与开发商合作,以资本高效和灵活的地块组合来巩固竞争优势 [24][25] - 公司正在扩大社区数量,以进一步提高市场份额 [167][168][169] 管理层对经营环境和未来前景的评论 - 尽管通胀和抵押贷款利率仍然较高,但需求仍然良好,公司有45,000套房源可以满足需求 [11][12] - 公司将根据市场情况和抵押贷款利率的变化调整销售价格和优惠措施 [16][38][39] - 公司对未来保持谨慎乐观,将继续专注于资本效率和现金流 [43][44] 问答环节重要的提问和回答 问题1 **Carl Reichardt 提问** 询问佛罗里达州市场的表现,尤其是保险成本上升的影响 [48] **Paul Romanowski 回答** 佛罗里达州市场整体良好,保险成本上升的影响有限,主要是由于公司大部分项目位于内陆而非沿海地区 [49] 问题2 **John Lovallo 提问** 询问需求和优惠措施是否会受到最近利率上升的影响 [55] **Paul Romanowski 回答** 公司将根据市场情况调整利率优惠措施,预计未来一段时间内优惠措施将保持在较高水平 [56][57] 问题3 **Matthew Bouley 提问** 询问公司是否会根据市场情况调整开工节奏 [70] **Paul Romanowski 和 Jessica Hansen 回答** 除非出现大的市场冲击,否则公司目前没有计划大幅调整开工节奏,将根据各个社区的具体情况进行调整 [71][72]

预市期货表现 - 道琼斯指数从+50点上涨至+70点，纳斯达克指数从+40点下跌至+25点，标普500指数在早盘交易中保持在+5点的水平上[1] 初次申请失业救济 - 上周新申请失业救济人数为212K，低于预期的215K，与前一周212K持平，已恢复到疫情前水平[2] 继续申请失业救济 - 继续申请失业救济人数维持在180万左右的水平，表现异常良好，对整体劳动力市场是一个非常好的迹象[3] 费城联储制造业调查报告 - 费城联储制造业调查报告15.5是两年来的最高月度数据，超过预期值，标志着美国第六大城市连续第三个月制造业呈现积极增长[4]

Exhibit 99.1 D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS FISCAL 2024 SECOND QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $0.30 PER SHARE ARLINGTON, Texas (Business Wire) - April 18, 2024 Fiscal 2024 Second Quarter Highlights - comparisons to the prior year quarter • Net income increased 24% to $1.2 billion or $3.52 per diluted share • Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% • Consolidated revenues increased 14% to $9.1 billion • Homes closed ...

Thursday, April 18th, 2024Pre-market futures are positive across the board at this hour. We do see some discrepancies, depending on the index, particularly after this mornings earnings reports and economic prints have hit the tape: the Dow has moved from +50 points to +70, the Nasdaq has gone from +40 points to +25, and the S&P 500 has remained steady at +5 points so far in early trading. So far this week, all three indices are in the red over the past month — as of this past weekend.Initial Jobless Claims ...

财务表现 - D.R. Horton在2024年第一季度报告的营收为91.1亿美元，同比增长14.2%[1] - 公司的每股收益为3.52美元，较去年同期的2.73美元有所增长[1] - 公司的营收超出了Zacks Consensus Estimate的82.7亿美元，增幅达到10.19%[2] - 公司的销售订单积压价值为70.4亿美元，超出了分析师的预期[6] - D.R. Horton的房屋销售收入为84.7亿美元，较去年同期增长了65.7%[8] 业务表现 - 在关键指标方面，D.R. Horton在最近报告的季度表现良好，包括房屋成交量、净销售订单和销售订单积压等[5] - 公司的金融服务收入为2.256亿美元，同比增长4.3%[9] - 在其他方面，D.R. Horton的土地/地块销售和其他方面的收入出现了下降，同比变化为-65.3%[10] - 公司的Forestar部门的收入为3.338亿美元，同比增长10.7%[11] 股票表现 - D.R. Horton的股票在过去一个月中表现不佳，下跌了8.1%，但目前具有Zacks Rank 2（买入），预示着在短期内可能会超越更广泛的市场[13]