LGI Homes Earnings Keep Soaring on Its Critical Target Market
It looks like someone forgot to tell LGI Homes' (NASDAQ: LGIH) management team that housing starts were down in the third quarter because the company produced another record-setting quarter. On just about every metric that matters for homebuilders -- closings, backlog, new orders, average selling price -- LGI showed improvements.
There are two reasons for these outstanding results today. Let's take a look at them and the company's most recent quarter.
Image source: Getty Images.
Source: Fool.com
