D.R.Horton ...no spring bounce / orders down 37%

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said second-quarter net sales orders fell 37% to 9,983 homes from 15,771 homes a year earlier. The value of net sales orders declined 41% to $2.6 billion from last year's $4.4 billion. The cancellation rate was "essentially unchanged" at 32%.


orders down 37%
order value down 41%
cancellation rate 32%

"....the spring selling season has not gotten off to its usual strong start."

what a surprise....... / welch überraschung.....

disclosure: short several homebuilder