D.R. Horton cuts 2025 revenue forecast on weak demand for homes
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D.R. Horton has cut its 2025 revenue forecast due to weak home demand, now expecting $33.3 billion to $34.8 billion, down from $36 billion to $37.5 billion. The company reported a 15% decline in second-quarter revenue to $7.73 billion, missing estimates. CEO Paul Romanowski noted cautious homebuyer sentiment amid affordability issues and economic uncertainty. Transaction closings are also expected to decrease to 85,000-87,000 from 90,000-92,000. Shares fell 3.2% following the announcement.
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