By Will Feuer
D.R. Horton’s revenue forecast for its fiscal 2024 topped Wall Street analysts’ expectations.
The homebuilder, based in Arlington, Texas, is targeting fiscal-year revenue of about $36 billion to $37 billion, above the $35 billion that analysts surveyed by FactSet had expected. The company’s fiscal year started in early October.
Chairman Donald Horton said the supply of affordable homes is still limited, and that demand for housing is holding up despite higher mortgage rates and other financial pressures on buyers.
Write to Will Feuer at Will.Feuer@wsj.com
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