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February 3, 2010

D.R. Horton says business is brisk

  • But the big question is whether home sales will slow or fall off a cliff when government support vanishes.
    • By ALEX VEIGA
    AP Real Estate Writer

    D.R. Horton posted its first quarterly profit in three years Tuesday and predicted it would stay in the black at least through the first half of this year.

    Homebuilders have seen orders improve in recent months due to low mortgage interest rates and tax credits for homebuyers. Many anticipate sales will surge in coming weeks as homebuyers race to beat the April 30 deadline to qualify for a tax credit.


     
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