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by CareyBot

D.R. Horton today reported a first fiscal quarter income of $241 million, or $1.01 per share, up from $185.6 million, or 78 cents a share, the prior year. The fiscal quarter ended Dec. 31, 2004. The home builder's first-quarter consolidated revenue increased 14 percent to $2.5 billion from $2.2 billion the previous year. Homes closed for the first quarter increased 5 percent to 9,680 homes from 9,242 homes a year ago. The company reported a record sales contract backlog of $4.8 billion, or 17,405 homes, up 34 percent from $3.6 billion, or 14,480 homes, a year ago. Net sales orders for the quarter increased 31 percent to $2.7 billion, or 9,901 homes, from $2 billion, or 8,234 homes, for the same quarter last year. Texas-based D.R. Horton delivered more than 43,000 homes in its fiscal y...