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LGI Homes, Inc. (LGIH)

96.18

+2.26

(+2.41%)

At close: 4:00 PM EDT

96.18

0.00

(0.00%)

After hours: 4:01 PM EDT

Housing market: Mortgage rates bear down on homebuilder stocks

Homebuilder confidence has held and remained the same in recent months as new home sales dropped. Mortgage rates have been at the root of many problems afflicting the US housing market and now they are starting to take a toll on homebuilder stocks; things could get even uglier as rates consistently move between 7% and realtors see mortgage rates going as high as 8% even. As part of Yahoo Finance's Real Estate: The New Reality special coverage this week, Wedbush Securities Equity Research SVP Jay McCanless describes the rate environment as having "gone from being pretty benign" at 2024's start to "much more negative now than we would've expected." McCanless outlines how homebuilders are operating in this rate-sensitive housing market and where he sees demand going based on the younger generations of homebuyers. "The group is carrying less debt than it was five years ago and especially ten years ago. They are building the homes certainly more efficiently than they were back then, but at the same time, it comes down to monthly payment and the builders, I think they've done a good job of trying to shrink the size of the homes that they're building, reduce the amenities that they're putting especially in some the starter homes," McCanless says. "But at the end of the day if the mortgage rate's gone up 100-something basis points like it has this year already, that's just going to reduce the size of the population that can potentially buy a home." Catch more of Yahoo Finance's Real Estate: The New Reality coverage this week, or watch this full episode here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 21 hours ago

MTH
+4.14%
LGIH
+2.41%
CCS
+5.22%
Earnings Preview: LGI Homes (LGIH) Q1 Earnings Expected to Decline

LGI Homes (LGIH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks 6 hours ago

LGIH
+2.41%
20 Affordable, Promising Cities to Buy Real Estate in 2024

In this article, we will be covering the 20 affordable, promising cities to buy real estate in 2024. If you wish to skip our detailed analysis, you can move directly to the 5 Affordable, Promising Cities to Buy Real Estate in 2024. US Real Estate Affordability: A Brief Recap The US housing market has long […]

Insider Monkey 3 days ago

ZG

MDC
+0.05%
CCS
+5.22%
LGI Homes Opens its First Community in St. Cloud, Minnesota Market

The Noble by LGI Homes at Parkside The three-bedroom, two-bath Noble features flexible living and open entertainment space. MINNEAPOLIS, April 16, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that it has opened in the St. Cloud, Minnesota market with its new community, Parkside. Homeowners will enjoy the charm of small-town living paired with quick and convenient access to incredible big-city amenities. “We are excited to be in the St. Cloud market for the first time w

GlobeNewswire 7 days ago

LGIH
+2.41%
An Intrinsic Calculation For LGI Homes, Inc. (NASDAQ:LGIH) Suggests It's 42% Undervalued

Key Insights The projected fair value for LGI Homes is US$172 based on 2 Stage Free Cash Flow to Equity LGI Homes...

Simply Wall St. 17 days ago

LGIH
+2.41%
LGI Homes Reports March and First Quarter 2024 Home Closings and Announces Date for First Quarter Earnings Conference Call

THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024. As of March 31, 2024, the Company had 120 active selling communities. The Company will release financial results for the first quarter ended March 31, 2024, before the market opens on Tuesday, April 30, 2024 and will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the r

GlobeNewswire 19 days ago

LGIH
+2.41%
LGI Homes Named a Top Workplace for the Fourth Consecutive Year

LGI HOMES NAMED A TOP WORKPLACE FOR THE FOURTH CONSECUTIVE YEAR LGI Homes, one of the nation’s largest and most recognized homebuilders, received the 2024 Top Workplace USA award issued by Energage and USA Today. This is LGI Homes’ 4th consecutive year to receive this distinction. THE WOODLANDS, Texas, April 02, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), one of the nation’s largest and most recognized homebuilders, announced today that it received the 2024 Top Workplace USA award i

GlobeNewswire 20 days ago

LGIH
+2.41%
Homebuilding sector may be affected by seasonality: Analyst

Wedbush Securities downgraded multiple homebuilding stocks including Lennar (LEN), D.R. Horton (DHI), and LGI Homes (LGIH), claiming they could see seasonal price declines. Despite the downgrade, they maintained their price targets for all five stocks. Wedbush Securities Equity Research SVP Jay McCanless — the analyst behind the call — joins Market Domination to break down the reasoning and take a look at the homebuilding sector and how it may play out going forward. In terms of which of the stocks he downgraded might stand above the rest, McCanless claims: "Not on the homebuilder side but we are favorable on the product side for a company called Builders FirstSource (BLDR). They are the market leader right now in terms of lumber and building product sales, and we think that unit volumes of single-family homes, whether for rent or for sale, are going to be up in '24 versus '23 and we think Builders FirstSource is positioned to meet that demand. We also think they're going to be growing in the repair and remodel category which we have a favorable outlook for that space too." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance Video 20 days ago

CCS
+5.22%
MTH
+4.14%
DHI
15 States with the Highest Housing Costs in the US

In this article, we will be navigating through the US real estate market while covering the 15 states with the highest housing costs in the US. If you wish to skip our detailed analysis, you can move directly to the 5 States with the Highest Housing Costs in the US. Housing Analysis Across the US […]

Insider Monkey 23 days ago

LGIH
+2.41%
TPH
+4.00%
LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award for Outstanding Leadership in New Construction

LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award LGI Homes receives their sixth consecutive Platinum Builder Award, by 2-10 Home Buyers Warranty, in recognition of their exceptional leadership, innovation, and excellence in new construction. THE WOODLANDS, Texas, March 27, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), one of the nation’s largest and most recognized homebuilders, announced today that they have been awarded the prestigious Platinum Builder

GlobeNewswire 27 days ago

LGIH
+2.41%
25 Most Underpriced Housing Markets in the US in 2024

In this article, we will be covering the 25 most underpriced housing markets in the US in 2024. If you wish to skip our detailed analysis, you can move directly to the 5 Most Underpriced Housing Markets in the US in 2024. The Current US Housing Market and Price Dynamics The spring housing season in […]

Insider Monkey last month

LEN-B

LGIH
+2.41%
KBH
LGI Homes (NASDAQ:LGIH) sheds 4.4% this week, as yearly returns fall more in line with earnings growth

It might be of some concern to shareholders to see the LGI Homes, Inc. ( NASDAQ:LGIH ) share price down 16% in the last...

Simply Wall St. last month

LGIH
+2.41%
20 Most Affordable US Cities for Renters

In this article, we will be analyzing the US rental market while covering the 20 most affordable US cities for renters. If you wish to skip our detailed analysis, you can move directly to the 5 Most Affordable US Cities for Renters. The US Rental Market at a Glance As 2024 commenced, the rental market […]

Insider Monkey last month

LEN-B

LGIH
+2.41%
KBH
20 Cities Where Home Prices Are Falling Most in the US

In this article, we will be covering the 20 cities where home prices are falling the most in the US. If you wish to skip our detailed analysis, you can move directly to the 5 Cities Where Home Prices Are Falling Most in the US. Housing Prices Amidst Expected Rebound As reported by the National […]

Insider Monkey last month

LEN-B

KBH

LGIH
+2.41%
20 US Metros with the Highest Median List Prices

In this article, we will be covering the overall US real estate market, some of the prominent market trends, and the 20 US metros with the highest median list prices. If you wish to skip our detailed analysis, you can move directly to the 5 US Metros with the Highest Median List Prices. The US […]

Insider Monkey last month

KBH

BZH

LGIH
+2.41%
20 Best Places to Live in Texas in 2024

In this article, we will be covering the 20 best places to live in Texas in 2024. If you wish to skip our detailed analysis, you can move directly to the 5 Best Places to Live in Texas in 2024. Texas as an Attraction and Trends in the Market Texas has been an attraction for […]

Insider Monkey last month

BZH

LGIH
+2.41%
KBH
LGI Homes, Inc. Reports February 2024 Home Closings

THE WOODLANDS, Texas, March 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 376 homes in February 2024. As of February 29, 2024, the Company had 117 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest

GlobeNewswire last month

LGIH
+2.41%
Terrata Homes Expands Presence with A New Community in Seattle

The Fuji by Terrata Homes at Skyway Village The four-bedroom, three-and-a-half-bath Americano includes black stainless steel KitchenAid appliances, a covered outdoor living area with a fireplace, a flex room, and a game room. SEATTLE, March 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced Terrata Homes, the company’s luxury brand, is now selling homes in its newest community in the Seattle, Washington market, Skyway Village. This new neighborhood provides homebuyers with a v

GlobeNewswire last month

LGIH
+2.41%
LGI Homes Introduces its Newest Community in the Atlanta Market

New Homes near Lawrenceville Starting in the $380s The Dockery by LGI Homes at Bold Springs Farm The Dockery is one of many move-in ready homes at Bold Springs Farm near Lawrenceville, GA. ATLANTA, March 01, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced its newest community in the Atlanta market, Bold Springs Farm, offering gorgeous new-construction homes in an exceptional Lawrenceville neighborhood. Ideally located, the new community of Bold Springs Farm offers an abun

GlobeNewswire last month

LGIH
+2.41%
LGI Homes Opens New Community in the Raleigh Market

The Ashley by LGI Homes at The Meadows at Oxford The three-bedroom, two-and-a-half-bath Ashley showcases a fully loaded kitchen with stainless steel appliances, granite countertops and 36” upper cabinets with hardware. OXFORD, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) proudly announces the opening of The Meadows at Oxford, a new community offering brand-new, single-family homes in historic Oxford, NC. The Meadows at Oxford features a collection of thoughtfully design

GlobeNewswire last month

LGIH
+2.41%

Performance Overview

Return	LGIH	S&P 500
YTD	-27.77%	+6.30%
1-Year	-15.63%	+22.67%
3-Year	-41.69%	+22.63%

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LGI Homes, Inc. (LGIH)

Housing market: Mortgage rates bear down on homebuilder stocks

Earnings Preview: LGI Homes (LGIH) Q1 Earnings Expected to Decline

20 Affordable, Promising Cities to Buy Real Estate in 2024

LGI Homes Opens its First Community in St. Cloud, Minnesota Market

An Intrinsic Calculation For LGI Homes, Inc. (NASDAQ:LGIH) Suggests It's 42% Undervalued

LGI Homes Reports March and First Quarter 2024 Home Closings and Announces Date for First Quarter Earnings Conference Call

LGI Homes Named a Top Workplace for the Fourth Consecutive Year

Homebuilding sector may be affected by seasonality: Analyst

15 States with the Highest Housing Costs in the US

LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award for Outstanding Leadership in New Construction

25 Most Underpriced Housing Markets in the US in 2024

LGI Homes (NASDAQ:LGIH) sheds 4.4% this week, as yearly returns fall more in line with earnings growth

20 Most Affordable US Cities for Renters

20 Cities Where Home Prices Are Falling Most in the US

20 US Metros with the Highest Median List Prices

20 Best Places to Live in Texas in 2024

LGI Homes, Inc. Reports February 2024 Home Closings

Terrata Homes Expands Presence with A New Community in Seattle

LGI Homes Introduces its Newest Community in the Atlanta Market

LGI Homes Opens New Community in the Raleigh Market

Performance Overview