• D.R. Horton’s October 29, 2026, fourth-quarter earnings call featured CEO Paul Romanowski, Bill Wheat, Mike Murray and Jessica Hansen.
• Fiscal 2027 guidance calls for revenue of $30 billion-$32 billion, with home closings of 79,000-84,000.
• First-quarter home sales gross margin is projected at 18%-18.5%, below the fourth quarter’s 19.5%.
• Romanowski expects mortgage rates to remain elevated; management anticipates continued high incentives as affordability constraints pressure demand.
• Fourth-quarter net sales orders fell 7% to 18,619 homes; the cancellation rate rose to 23% from 20% a year earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. D.R. Horton Inc. published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.