BRIEF-D R Horton Says Raw Materials Supply Reason For Lengthening Build Times

D R Horton Inc: * SAYS APPRECIATION IN HOME PRICES WILL MODERATE, BY THE END OF '22 AND INTO '23 COULD VERY WELL FLATTEN (DROPS EXTRANEOUS WORD)

* SAYS SEEING TREND TOWARDS SLIGHTLY SMALLER HOUSES OVER THE LAST COUPLE OF YEARS AS MORTGAGE RATES HAVE RISEN --CONF * SAYS NOT SEEN STABILIZATION OR ANY IMPROVEMENT IN CONSTRUCTION CYCLE TIMES AS OF YET

* SAYS RAW MATERIALS SUPPLY MORE THAN A TIGHT LABOR SUPPLY REASON FOR LENGTHENING BUILD TIMES Source text for Eikon: Further company coverage: