FORT WORTH-D R Horton Inc., the nation's largest homebuilder, has posted a profit for the third fiscal quarter of 2010. The Q3 earnings for the company stood at $50.5 million compared to a loss of $143.8 million for the same period in 2009.
These earnings were mainly boosted by the federal tax credit, which increased home closings. There was an increase of 60% in home closings to 6,805 homes as homebuyers hurried to close deals before the expiry of tax credit. For the full story, go to Reuters.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
