According to MarketWatch, D.R. Horton, the leading U.S. homebuilder, reported fiscal fourth-quarter earnings that fell short of expectations, citing high interest rates as a key factor for dampening homebuyer demand. The company’s earnings dropped to $3.92 per share, down from $4.45 a year earlier, with total revenue decreasing to $10 billion. To address these affordability challenges, the company has been leveraging incentives, including mortgage rate buydowns and smaller floor plans, to entice buyers amidst market volatility.
