CNBC real estate doyenne Diana Olick combs the transcripts of D.R. Horton ceo's quarterly earnings call today with analysts for all the color she needed for her report on housing's need for more affordable new homes.
Olick points to the success of Horton's entry-level Express brand, a line Horton introduced certainly after it got to see one of its young upstart rivals--LGI Homes--roar through the downturn on the back of low-price rent-beaters. Olick writes:
Auld said he expects to see further competition on the low end.