D.R. Horton orders fall 2 pct as housing demand slows

Tue Nov 12, 2013 7:10am EST

Nov 12 (Reuters) - U.S. homebuilder D.R. Horton Inc said its orders fell 2 percent in the fourth quarter due to rising mortgage rates and policy uncertainty in Washington.

The company's net income jumped 39 percent to $139.5 million, or 40 cents per share, in the quarter ended Sept. 30 from $100.1 million, or 30 cents per share, a year earlier.

Net orders fell to 5,160 homes from 5,276 a year earlier.

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