An exclusive look at how Hezmalhalch retooled the floor plan for Horton's new brand, Express Homes More
D.R. Horton CEO Donald J. Tomnitz isn't expecting much good to come out of the 2011 spring selling season, he told analysts Friday. "I just don't see a lot of hope for a great spring market," he said. "I believe our gross margins will have some pressure in spring, simply because right now we are not predicting a huge spring jump." And there's not much the builder can do about that. Macroeconomic conditions, including joblessness and buyer psychology--things that builders really have no control over--most likely will conspire to keep traffic away from sales centers, he said. More
That's the latest word from D.R. Horton CEO Don Tomnitz, who believes that the wave of foreclosures that will hit the market in 2008 when a million-plus subprime mortgages readjust will make for a very tough year. "There's no question that 2008 will be worse than 2007 for us," said Tomnitz, speaking to a group of analysts this morning at the JPMorgan Homebuilding and Building Products Conference in Las Vegas. More
In the face of rosy projections from some industry economists that the homebuilding market has already hit rock-bottom and will recover in the second half of 2007, the country's biggest builder is sounding a different note. "2007 is going to suck," D.R. Horton CEO Don Tomnitz said Wednesday at the Citigroup Industrial Manufacturing Conference in New York, according to published reports from various print and online sources. More
With home building operations in 77 markets across 26 states—which generated... More
IT TOOK D.R. HORTON 27 YEARS TO GET ITS ANNUAL closing rate up to 50,000 homes.... More
