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Homebuilder D.R. Horton cuts annual forecast on supply chain disruptions By Reuters


© Reuters.

(Reuters] – D.R. Homes is the largest U.S. housebuilder. Horton Inc. on Monday reduced its outlook for annual revenue. Homes were also closed due to the lingering disruptions in supply chains.

According to the company, its fiscal 2021 revenue is expected to be $27.4 billion-$27.6 billion. This compares with its earlier expectation of $27.6 million to $28.1 billion.

D.R. Horton expects to close homes between 81.300 and 81.700 homes. This is an increase from the previous outlook that Horton had of 83,000 houses to 84.500.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.