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– D.R. Horton Inc posted a 44.2% rise in quarterly profit on Wednesday, benefiting from record-high property prices and lower interest rates on home loans.
Net income attributable to the largest U.S. homebuilder rose to $1.14 billion, or $3.17 per share, in the first quarter ended Dec. 31, from $791.8 million, or $2.14 per share, a year earlier.
(Reporting by Kannaki Deka in Bengaluru; Editing by Shinjini Ganguli)
