""Unsold homes are down 25% from December and 35% from a year ago, with both unsold homes as a percentage of total inventory and completed unsold inventory at their lowest levels since fiscal 2023 for homes closed in the second quarter," CEO Paul Romanowski said during D.R. Horton's April 21 earnings call."
""We expect starts in the third quarter to be lower than the second quarter, and we will continue to manage our inventory levels and start space based on market conditions.""
D.R. Horton, the largest U.S. homebuilder, experienced a significant increase in unsold completed homes after the pandemic housing boom, peaking at 8,400 in Q2 2025. By Q2 2026, the company reduced this inventory to 5,500 through strategic management of inventory levels and adjusting spec starts. CEO Paul Romanowski noted that unsold homes are at their lowest levels since fiscal 2023, indicating a positive shift in market conditions. The company plans to continue managing inventory based on market dynamics to maintain sales pace and minimize carrying costs.
Read at Fast Company
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