for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

D.R. Horton profit jumps 77% on soaring house prices

July 22 (Reuters) - Homebuilder D.R. Horton Inc posted a 77% rise in quarterly profit on Thursday, benefiting from record-high property prices as demand outpaced supply.

Net income attributable to the largest U.S. homebuilder rose to $1.12 billion, or $3.06 per share, in the third quarter ended June 30, from $630.7 million, or $1.72 per share, a year earlier.

Reporting by Shreyasee Raj in Bengaluru; Editing by Shinjini Ganguli

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up