Homebuilder D.R. Horton cuts annual forecast on supply chain disruptions

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The company now expects its revenue for fiscal 2021 between $27.4 billion and $27.6 billion, below its previous expectation of $27.6 billion to $28.1 billion.

D.R. Horton now expects homes closed between 81,300 homes and 81,700 homes, from its prior outlook of 83,000 homes to 84,500 homes.