LGIH this home builder reported very strong closings in March and record closings in Q1. That is probably helping to fuel the rally in the sector along with a booming stock market today.
LGI Homes, Inc. (Nasdaq:LGIH) today announced 795 homes closed in March 2020, up from 566 home closings in March 2019, representing year-over-year growth of 40.5%. In addition, the Company announced record-breaking quarterly home closings of 1,835 during the first quarter of 2020 compared to 1,228 home closings in the first quarter of 2019, a 49.4% increase year-over-year.
