D.R. Horton says weekly sales pace accelerated in January Says weekly sales pace accelerated in January compared to Q1, which could be an early sign of strong demand to come in the spring. Says off to a strong start in FY14. Says housing market conditions continue to improve across most of its operating markets and says optimistic about the upcoming spring selling season. Comments made on the Q1 earnings conference call.
D.R. Horton says sales trends 'solid' in July Sees Q4 backlog conversion rate 81%-84%. Sees Q4 home sales gross margin in high 19%-20% range. Sees Q4 homebuilding SG&A 8.7%-8.9% of homebuilding revenues. Says sales trends "solid" in July. Sees Q4 Financial Services operating margin 35%-40%. Sees Q4 tax rate 35%-36%. Sees Q4 average selling price $285,000-$290,000. Comments made on the Q3 earnings conference call. D.R. Horton is down 0.52% to $26.60 in morning trading.