DR Horton reports net income up 24% to $1.2 billion for its second quarter 2023-24 (ended March), or $3.52 per share (+29%), with a pre-tax profit margin of 16.8%.

The homebuilder's revenues rose 14% to $9.1 billion, while its net orders increased 14% in volume to 26.456 homes, and by 17% in value to $10.1 billion.

'The supply of affordable homes is still limited, and demographics remain favorable', stresses President Donald R Horton, who raises his full-year revenue forecast to around $36.7 to $37.7 billion.

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