From the 9 March 2016 Wall Street Journal titled: Housing Market Takes on Split Levels
At the end of the article:
“Certainly, the entry level of the market is the strongest right now, and any time we see that in the market we expect further competition,” D.R. Horton Chief Operating Officer Michael Murray told analysts earlier this year.
Barclays analyst Stephen Kim said thus far, other large builders have been content watching and waiting, but that as the luxury home market stalls, more will be driven to construct cheaper homes.
LGIH looks to be in the right place.