D.R. Horton Needs Market to Change for Margins to Pick Up -- Market Talk

Dow Jones

09/05

1240 ET - Homebuilder D.R. Horton doesn't expect its margins to improve without a change in the housing environment, says Wedbush analyst Jay McCanless, citing a conversation with the company's management. The company sees opportunities to reduce labor costs while appreciation on land and development costs have slowed. But the incentives the company is offering to sell homes are still higher than historical levels, with affordability concerns from buyers and excess home inventory in some markets forcing builders to offer mortgage buydowns. "Netting it together, management does not anticipate gross margins can grow in the current environment without some help on the incentive front," McCanless says. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

September 04, 2025 12:40 ET (16:40 GMT)

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(nicholas.miller@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 04, 2025 12:40 ET (16:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>D.R. 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Horton Needs Market to Change for Margins to Pick Up -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-09-05 00:40</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1240 ET - Homebuilder D.R. Horton doesn't expect its margins to improve without a change in the housing environment, says Wedbush analyst Jay McCanless, citing a conversation with the company's management. The company sees opportunities to reduce labor costs while appreciation on land and development costs have slowed. 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(nicholas.miller@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 04, 2025 12:40 ET (16:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DHI","symbol_name":"霍頓房屋","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2565309178","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565309178","pubTimestamp":1757004000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1240 ET - Homebuilder D.R. 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Horton doesn't expect its margins to improve without a change in the housing environment, says Wedbush analyst Jay McCanless, citing a conversation with the company's management. The company sees opportunities to reduce labor costs while appreciation on land and development costs have slowed. But the incentives the company is offering to sell homes are still higher than historical levels, with affordability concerns from buyers and excess home inventory in some markets forcing builders to offer mortgage buydowns. \"Netting it together, management does not anticipate gross margins can grow in the current environment without some help on the incentive front,\" McCanless says. 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