Why this home builder doesn't have to slip on oil
from The Wall Street Journal
LGI Homes has been growing so quickly investors could be forgiven for thinking they had been transported back in time to the housing boom. The way the home builder's stock has fallen this month, they could also be forgiven for thinking they are back in the housing bust. It doesn’t help, either, that LGI's home state of Texas represents a big chunk of its business, exposing it to the oil-price rout. Or that LGI builds its houses on "spec" — that is with no identified buyers. Or that it is focused on the exurbs and touts the chance to own a new home “for $0 down."
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063