LGI Homes just announced 591 closings in July, up 93% from July last year. That is incredible. They’ve kicked it into overdrive here in 2017.
Month Inc% Closings
Jul 93.14% 591
Jun 75.49% 623
May 21.06% 523
Apr 7.04% 365
Mar -0.54% 365
Feb -8.57% 224
Jan -25.86% 172
So that’s 2,863 this year through July compared to 2,278 last year through July – a 25.7% increase. I think I said in a post a few months ago that it would be tough for them to catch up like they have in past years. Well, I am happy to eat my words:
2016 through July increase over 2015: 24.1%
2017 through July increase over 2016: 25.7%
Bear