D.R. Horton reports Q1 homes closed up 12%

In Q1: Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion; Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion; Rental operations pre-tax income of $31.3 million on $195.3 million of revenues from sales of 379 single-family rental homes and 300 multi-family rental units.