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Why D.R. Horton Was Down 12.2% in September

·2 min read
Why D.R. Horton Was Down 12.2% in September
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Shares of D.R. Horton (NYSE: DHI) were down 12.2% in September, according to data from S&P Global Market Intelligence. The homebuilder lowered its 2021 guidance because of a tightening labor market and disruptions to its supply chain. D.R. Horton is America's largest homebuilder by volume, closing on 80,276 homes in the last 12 months.