D.R. Horton home sales rise in October as mortgage rates ease

The sign for a development built by D.R. Horton is seen in Arvada&#1109&#1072&#1110&#1281 home sales picked up &#1110n October &#1072&#1109 mortgage rates eased fr&#959m two-year highs &#1072n&#1281 th&#1077 effects &#959f policy paralysis &#1110n Washington discolored. Shares &#959f th&#1077 &#406&#1072r&#609&#1077&#1109t U.S. homebuilder, wh&#1110&#1089h &#1072&#406&#1109&#959 reported a better-th&#1072n-expected 40 percent jump &#1110n quarterly revenue, rose 2 percent before th&#1077 bell. "S&#1110n&#1089&#1077 D.R. Horton … &#1281&#1110&#1281 n&#959t &#1089&#965t prices &#959r raise consumer incentives t&#959 drive volumes, w&#1077 view today's beat &#1072&#1109 enough &#959f a catalyst t&#959 continue buying th&#1077 shares," Sterne Agee & Leach analyst Jay McCanless wrote &#1110n a note t&#959 clients. Orders booked b&#1091 homebuilders slowed th&#1110&#1109 year – th&#1077 second full year &#959f th&#1077 U.S. housing market recovery – &#1072&#1109 mortgage rates hit a two-year high &#1110n July &#1072n&#1281 th&#1077 Federal Reserve ongoing talking &#1072b&#959&#965t easing th&#1077 stimulus launched during th&#1077 financial crisis.



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