Forth Worth, Texas-based homebuilder D.R. Horton, Inc. reported robust growth in the first quarter of fiscal 2014, with net income up 86% year-over-year.
Homebuilding revenue for the first quarter ended Dec. 31, 2013 was up 33% to $1.63 billion since the first quarter of last year. Additionally, home closings were up 19%. In total, net revenue was $1.64 billion, compared to $1.23 billion year-over-year.
Net income came in at $123.2 million, up dramatically since last year's $66.3 million.