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D.R. Horton profit jumps 77% on soaring house prices

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July 22 (Reuters) - Homebuilder D.R. Horton Inc posted a 77% rise in quarterly profit on Thursday, benefiting from record-high property prices as demand outpaced supply.

Net income attributable to the largest U.S. homebuilder rose to $1.12 billion, or $3.06 per share, in the third quarter ended June 30, from $630.7 million, or $1.72 per share, a year earlier.

(Reporting by Shreyasee Raj in Bengaluru; Editing by Shinjini Ganguli)