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D.R. Horton (DHI) Stock Closes Up on Spike in Home Builder Sentiment

NEW YORK (TheStreet) -- Shares of D.R. Horton (DHI - Get Report) finished the day in the green, closing higher by 1.12% to $30.37 on Monday afternoon, as home builder stocks got a boost from the rise in sentiment for October.

D.R. Horton is a Fort Worth-based company that focuses on the construction and sale of homes through its operating divisions in approximately 27 states.

The National Association of Home Builders/Wells Fargo released the builder sentiment index on Monday, which showed a reading of 64 for October, up from 61 in September, the Associated Press reports.

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Any reading above 50 shows that builders view sale conditions as good.

"With firm job creation, economic growth and the release of pent up demand, we expect housing to keep moving forward as we start to close out 2015," NAHB's chief economist David Crowe told the AP.

Separately, TheStreet Ratings team rates D R HORTON INC as a Buy with a ratings score...


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