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tigen | 1 year ago

This paragraph looks wrong. "In 2005, when D.R. Horton sold a record number of homes, it made $1.47 billion. In 2023, when it built roughly half as many, its profit was a little over three times as high, or $4.7 billion. "

It did not build half as many homes, it was 82917 homes in 2023 vs. 51172 in 2005. Also, the profit number should be corrected for inflation when comparing across almost 2 decades.

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mulmen|1 year ago

1.47 billion 2005 dollars is 2.29 billion 2023 dollars.

Profit per house in 2023 dollars:

$44,751.04 in 2005

$56,683.19 in 2023

biomcgary|1 year ago

Thanks for doing this calculation! It would be interesting to know if the average square footage of houses built by the company has changed. If they have increased by 25%, the profit per square foot would be roughly unchanged.

refurb|1 year ago

Shocking! A core precept of an entire article is wrong.

simoncion|1 year ago

> > In 2023, when it built roughly half as many...

> It did not build half as many homes, it was 82917 homes in 2023 vs. 51172 in 2005.

Unless my math is wrong: (82917-51172)/82917 ~= 0.38

~40% is roughly half.