D.R. Horton Cuts 2025 Revenue Forecast Amid Weak Housing Demand
D.R. Horton, the largest U.S. homebuilder, has lowered its full-year revenue forecast for 2025, now expecting between $36.7 billion and $37.7 billion. This adjustment reflects weakening demand driven by high mortgage rates and affordability challenges. Persistent rate volatility continues to make homeownership less accessible for many prospective buyers.
Despite the revenue cut, the company saw a 14% increase in net sales orders for the second quarter. This growth was largely driven by incentives and price adjustments aimed at attracting buyers in a cooling market. D.R. Horton delivered over 22,000 homes during the quarter and has raised its projected home closings for the year to between 89,000 and 91,000 units.
CEO David Auld acknowledged that while the market is under pressure from mortgage rates, demand remains relatively stable thanks to the company’s broad product mix and geographic reach. D.R. Horton continues to leverage its scale and strategic pricing to stay competitive amid uncertain economic conditions.
