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Stock impact report

Economic Report: Home-builder confidence rises, despite growing concerns about the economy [MarketWatch]

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: MarketWatch
Home-builder confidence rises, despite growing concerns about the economy The numbers: The National Association of Home Builders’ monthly confidence index increased one point to 68 in September, matching the highest reading in a year, the trade group said Tuesday. The trade group also revised its August figure up by one point to 67. Readings over 50 are a sign that confidence is improving, while a figure below that threshold would signal deteriorating sentiment among builders. What happened: Home-builder confidence has steadily improved throughout 2019, particularly as the mortgage-rate environment has improved. The gauge of current single-family home sales increased two points to 75, the highest reading in a year. However, the indicator of expectations for future sales dropped one point to 70. The gauge of sentiment regarding buyer traffic remained even at 50. Regionally, home-builder sentiment improved markedly in the Northeast, South and West and remained even in the Midwest. B Show less Read more
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