Net sales orders totaled 17,837 in the three months ended December 31, 2024, compared to 18,069 in the prior year period, indicating a minor contraction in demand.

Lots controlled through purchase contracts represent 76% of the lots owned and controlled. The company is prioritizing the purchase of finished lots from Forestar and other land developers when possible.

Homebuilding cash and cash equivalents totaled $2.5 billion compared to $3.6 billion at September 30, 2024 and $2.5 billion at December 31, 2023, respectively.

Home sales gross margin was 22.7% compared to 22.9%, indicating a slight decrease in profitability from home sales.

Homebuilding SG&A expense was 8.9% of homebuilding revenues compared to 8.3%, suggesting increased overhead costs relative to revenue.

Homebuilding pre-tax income decreased 8% to $1.0 billion compared to $1.1 billion.

The company monitors its exposure to changes in interest rates and utilizes both fixed and variable rate debt.

The company is named as a defendant in various claims, complaints and other legal actions in the ordinary course of business.

The company's business is subject to risks associated with its land, lot and rental inventory.

D.R. Horton, Inc. is the largest homebuilding company in the United States as measured by number of homes closed.

Our product offerings include a broad range of homes for entry-level, move-up, active adult and luxury buyers.

We remain focused on our relationships with land developers across the country in order to maximize returns and capital efficiency.

Gross profit from home sales decreased to $1.6 billion in the three months ended December 31, 2024 from $1.7 billion in the prior year period and decreased 20 basis points to 22.7% as a percentage of home sales revenues.

SG&A expense from homebuilding activities increased 6% to $636.6 million in the three months ended December 31, 2024 from $603.4 million in the prior year period.

Interest charged to cost of sales was 0.4% of homebuilding cost of sales (excluding inventory and land option charges) in both periods.

The document lacks specific details on R&D investments or technological advancements.

During the three months ended December 31, 2024, the Company repurchased 6.8 million shares of its common stock at a total cost, including commissions and excise taxes, of $1.1 billion.

During the three months ended December 31, 2024, the Board of Directors approved a quarterly cash dividend of $0.40 per common share totaling $128.5 million.

We are making investments in our homebuilding and rental inventories to expand our operations and consolidate market share.

The document lacks specific details on ESG initiatives.

Despite elevated mortgage interest rates and inflationary pressures, demand for new homes remained solid.

Although the level of new and existing home inventories has increased from historically low levels, the supply of homes at affordable price points is still limited.

Demographics supporting housing demand remain favorable.