D.R. Horton drops on weak housing demand

By Reuters News

** Shares of homebuilder D.R. Horton DHI.N fall more than 1% to $141.04 after Q4 results

** Co expects FY27 homes closed of 79,000-84,000, vs. 84,202 in FY26

** Q4 net sales orders fall 7% from a year earlier to 18,619 homes; cancellation rate rises to 23% from 20%

** Housing market conditions became more challenging in Q4 as rising mortgage rates, affordability constraints and cautious consumer sentiment pressured new home demand, Executive Chairman David Auld says

** Q4 profit per share comes in at $2.67, vs. $3.04 a year earlier

** Co sees FY27 revenue of $30 bln-$32 bln, vs. analysts' avg. est. of $31.88 bln, per LSEG data

** Q4 rev of $9.37 bln beats est. $8.99 bln

** As of last close, stock down 0.72% YTD

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