What Not to Miss in D.R. Horton's Earnings Report

Dr. Horton, the largest US home builder, is thriving due to a strong economy and low mortgage rates. The company's stock has outperformed the S&P 500, driven by high home builder sentiment. Despite rising mortgage rates, demand remains strong, benefiting from a shortage of existing homes. Dr. Horton is well-positioned across 27 states to capitalize on housing market upturns. The company closed over 41,000 homes in 2016, maintaining stable operating margins despite higher costs. The Express Homes brand is growing, but rising expenses could impact margins in 2017.

What factors are contributing to Dr. Horton's success in the current housing market?

How has Dr. Horton's stock performance compared to the S&P 500 this year?

What does the current home builder sentiment indicate about the housing market?

What challenges does Dr. Horton face regarding rising costs in land and labor?

In what ways is Dr. Horton positioned to benefit from a potential upturn in housing?