D.R. Horton's Net Income Rose 16% YOY in Q3

Arlington, TX, July 31, 2017-D.R. Horton’s net income rose 16% year over year to $289.0 million for fiscal quarter three 2017, from $249.8 in Q3 2016.

Homebuilding revenue for the third quarter of fiscal 2017 increased 17% to $3.7 billion from $3.1 billion in the same quarter of fiscal 2016.

Homes closed in the quarter increased 16% to 12,497 homes compared to 10,739 homes in the prior year quarter.