NEW YORK (Reuters) - D.R. Horton Inc. (DHI).(N) reported a quarterly profit of surprise Friday, helped by a tax benefit.
The biggest manufacturers of U.S. by closures in 2010, Horton posted gains of 27.8 million, or 9 cents per share, for the second quarter ended March 31, from 11.4 million, or 4 cents per sharea year earlier.
Wall Street analysts had expected a loss of 5 cents per share, according to Thomson Reuters I/B/E s.
The profit included a benefit tax 59.2 million.
Income is from 18 for percent to 733 million dollars and orders decreased by 23% in 4,943 homes.
Orders are a leading indicator for constructors, which recognize no income until they close on a House.
The sector is faced with a heavy overhang of houses used and the seizure of cute rates which are the price of the country. The glut of the dates of houses used primarily in the open-sided classrooms and years of real estate, then risky loan were rampant. Housing prices peaked in summer 2006.
Single-family house in the United States prices fell for the eighth straight month in February, of S & P/Case-Shiller composite index, which suffered a decline of the year by 3.3% for 20 cities.
Horton has operations in 26 States, including those hardest hit by the depression of housing, such as in California and Florida and those which are recovering more quickly, as Virginia and Texas.
Horton shares rose 10 cents to $12.20 in commerce before the opening of the market.
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