D.R. Horton, the largest U.S. homebuilder, said Tuesday that its fiscal first-quarter net income jumped 86 percent as selling prices for its houses rose 10 percent to $275,600. Its shares climbed in morning trading.
The company said it saw “pricing power across most of our markets and increased demand from move-up buyers.” It said housing market conditions are improving across most of its markets, and the pace of sales increased this month.
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