April 24 (Reuters) - D.R. Horton Inc, the top U.S. homebuilder, reported an 18 percent rise in quarterly profit as it charged more for its houses, and said orders rose 9 percent.
The company’s net income rose to $131.0 million, or 38 cents per share, in the second quarter ended March 31, from $111.0 million, or 32 cents per share, a year earlier.
Homebuilding revenue rose 22.7 percent to $1.68 billion.
Average selling price increased 10 percent to $278,900. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)