(Reuters) - No.1 U.S. homebuilder D.R. Horton Inc (N:DHI) reported a 4.6% rise in quarterly profit on Tuesday, driven by higher demand and cheaper mortgage rates.
Net income attributable to the company rose to $474.8 million, or $1.26 per share, in the third-quarter ended June 30, from $453.8 million, or $1.18 per share, a year earlier.
Revenue rose 10.6% to $4.91 billion.