LGI Homes Performing Well Despite High Mortgage Rates [Seeking Alpha]
LGI Homes, Inc. (LGIH)
Last lgi homes, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.lgihomes.com/investor-relations
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Source: Seeking Alpha
Chatchy4406/iStock via Getty ImagesLGIH is resilient despite a cooler marketLGI Homes (NASDAQ:market with almost 40% of sales and more net income despite growing geographical expansion into most regional markets.Our last report called LGI Homes a hold ataround $112 on August 13Since then, mortgage rates continued to rise past 7% and housing has correspondingly cooled. But now with rumors of inflation's demise, where does LGIH, inflation and the property sector stand today? Is LGI Homes now a buy or has the housing market's decline changed the picture.Today's AgendaHomebuilders remain highly exposed to changes in mortgage rates, which themselves are dependent on interest rates. Thus it makes sense to have a view on the short term battle between rates and inflation.The spike in mortgage rates has continued over recent months to 7.08%. That's a huge jump from just 3% in January. This has cooled the property market noticeably.Data byYChartsThe best way to see the impact is that the growth
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LGIH
News
- LGI Homes, Inc. (NASDAQ: LGIH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- LGI Homes, Inc. (NASDAQ: LGIH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- LGI Homes: Short-Term Uncertainty, Long-Term Optimism [Seeking Alpha]Seeking Alpha
- LGI Homes Opens its First Community in St. Cloud, Minnesota Market [Yahoo! Finance]Yahoo! Finance
- LGI Homes Opens its First Community in St. Cloud, Minnesota MarketGlobeNewswire
LGIH
Earnings
- 2/20/24 - Miss
LGIH
Sec Filings
- 3/15/24 - Form DEF
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- LGIH's page on the SEC website