Forestar Stock (NYSE:FOR) Faces 2026 Margin Test as Lot Guidance Narrows
Forestar Group reported a 7% rise in second-quarter revenue to $374.3 million and an 8% increase in pre-tax income, but lots sold fell 14% to 2,938. The company trimmed its 2026 lot delivery target to 14,000–14,500 while maintaining revenue guidance. D.R. Horton, which owns 62% of Forestar, bought 2,450 lots last quarter. Forestar recorded $6.3 million in land deal write-offs, up sharply from last year.