The S&P500 Total Return Index which includes dividends (and yields significantly higher than 10 year UST) hits a New High... lovely
In the 70's nearly 50% of all New Homes constructed were less than 1600 sq.ft ( i.e. starter homes) catering to young boomers looking for their first home.
But, in 2015 only 14% of new homes constructed were under 1600 sq.ft - the lack of starter homes and condos is constraining the 1st time buyer. And LGIH is building for this huge demand.
The average millennial is 26 years -- the leading edge are 35 (just beginning their home buying years).
LGIH - has the right product at the right time...many more years of growth ahead.
Sentiment: Strong Buy