Homebuilder D.R. Horton profit beats estimates on demand for new homes

(Reuters) - D.R. Horton Inc, the biggest U.S. homebuilder, topped Wall Street profit estimates on Thursday for the seventh straight quarter, fueled by higher demand for new homes and underscoring a robust housing market in the United States.Orders, an indicator of future revenue for homebuilders, rose 12.

3 percent to 14,650 homes in the third quarter ended June 30.The results come on the heels of Wednesday's data pointing to new U.S. single-family home sales falling to an eight-month low while data for May was revised sharply down.However, D.R......

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