The May 2017 results are in. LGIH closed 523 homes in May with 72 Active Selling Communities. Here’s the revised model:
JAN 172 result in
FEB 224 result in
MAR 365 result in
APR 365 result in
MAY 523 result in (452 was forecast so +71)
JUN 457 my forecast
JUL 462 my forecast
AUG 467 my forecast
SEP 473 my forecast
OCT 478 my forecast
NOV 483 my forecast
DEC 488 my forecast
TOTAL 4957 (previous forecast was 4886 so +71)
The June 2017 results are in. LGIH closed 623 homes in June with 71 Active Selling Communities (1 less than May2017). Here’s the revised model:
JAN 172 result in
FEB 224 result in
MAR 365 result in
APR 365 result in
MAY 523 result in (452 was forecast so +71)
JUN 623 result in (457 was forecast so +166)
JUL 462 my forecast
AUG 467 my forecast
SEP 473 my forecast
OCT 478 my forecast
NOV 483 my forecast
DEC 488 my forecast
TOTAL 5123 (original forecast was 4886 so +237)
Interest rates dipped during the month and after the latest inflation data people are now questioning whether the Fed will lower rates any more this year. Employment remains strong so the conditions remain ripe for strong home purchasing.
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That’s a great month! Up over 5% in AH trading.
Berkshire Hathaway is moving into site-built construction. This may be adding to the after hours bump!
Clayton Homes, the unit at Warren Buffett’s Berkshire Hathaway Inc. that assembles houses in factories for delivery to lots, bought Colorado’s Oakwood Homes to expand a push in site-built construction.
The deal includes about 18,000 lots controlled by the developer, Clayton said Thursday in a statement that didn’t disclose terms. That’s the largest figure in deals disclosed by the homebuilder, which added 1,200 in a Missouri transaction and fewer than 4,000 through a Tennessee agreement last year.
https://finance.yahoo.com/news/buffett-extends-bet-housing-1…
Up over 5% in AH trading
The AH trading is meaningless. One hundred shares traded at $42; the rest (only 1590 shares) traded below $40.
I know Chris, it was just an observation. I think that may be the first time I’ve ever posted about AH trading… I guess I should have added that I think it will likely carry over tomorrow given those numbers which were impressive.
I know Chris, it was just an observation. I think that may be the first time I’ve ever posted about AH trading… I guess I should have added that I think it will likely carry over tomorrow given those numbers which were impressive.
It’s not that it was after hours trading but rather that only 100 shares ($4200) changed hands at that price!
Just a phenomenal month!!! Granted, June has usually been a good month. But, 8.3 absorption rate is highest ever, for any month. Previous June’s were 7.8, 7.4 and 6.3 in '14, '15 and '16. I’m not sure my forecast spreadsheet is worth maintaining anymore. But, I took a shot at it: 7504 for the year, 414 and 510 for July and August. Hey, by November I ought to be able to make a pretty accurate 2017 forecast!
KC
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Argh!!! Proof read and EDIT. Forecast 4770. Good Grief??? 7504???
Sorry,
KC