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More on D.R. Horton's (DHI -2.4%) earnings call: Home building SG&A expense for the quarter,...

More on D.R. Horton's (DHI -2.4%) earnings call: Home building SG&A expense for the quarter, which includes corporate overhead, was $128M. This figure is up just a marginal 3% from the year-ago period - but on a 21% increase in home closures. As a percentage of home building revenues, SG&A was 13.6%, down 320 basis points Y/Y, reflecting both an improvement in the company's sales volume and solid cost controls. (Transcript)
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