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Biggest US Homebuilder Expands Rental Business Amid Higher Interest Rates

DR Horton Turns to Incentives for House Sales, Cutting Into Profits
D.R. Horton is upping its forecast for how many homes it plans to sell this fiscal year. (iStock)
D.R. Horton is upping its forecast for how many homes it plans to sell this fiscal year. (iStock)

The nation's largest homebuilder is betting on its rental business as higher interest rates boost mortgage payments, making houses a harder sell.

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