Home Builder Horton Sees Net Income Surge

Ft. Worth, TX, Nov. 12, 2013 -- D.R. Horton, the country's largest home builder, reported net income jumped 39% to $139.5 million, or $0.40 per share, from $100.1 million, or $0.30 per share, a year earlier.

Homebuilding revenue rose 40% to $1.80 billion in the fourth quarter ended Sept. 30.

Horton reported a 2% fall in orders for the quarter but said sales in October rose from a year earlier.

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