D.R. Horton Stock Drops Amid Disappointing Q4 Results and 2025 Outlook

The homebuilder's shares fell sharply as affordability challenges and mortgage rate volatility deterred buyers.

D.R. Horton shares experienced their largest drop since March 2020, falling by 13% after releasing underwhelming fourth-quarter results and forecasts for 2025.
The company's revenue for Q4 was $10 billion, below the $10.22 billion expected by analysts, while net income also fell short of projections.
D.R. Horton anticipates delivering 90,000 to 92,000 homes in fiscal 2025, missing analyst expectations of over 94,000.
Despite mortgage rates decreasing earlier in the year, potential homebuyers are holding out for further reductions, impacting sales.
The builder continues to offer incentives like mortgage rate buydowns and smaller floor plans to attract buyers amid high home prices and persistent affordability issues.