compnay guiding 4700 closings in 2017 assuming market conditions remain the same. Any thoughts? My initial thought was number seemed a little light.
Maybe, but they need to be a bit conservative since they don’t know what roadblocks they may run into opening new developments.
Or the news media spreading fear about rising interest rates. - This might actually speed up sales.
Last years comment on Jan. 7, 2016;
Assuming that general economic conditions, including interest rates, and mortgage availability in 2016 are similar to those in 2015, we believe we will close more than 4,000 homes during 2016."
Good guess, they beat it by 163 or 4%.
Should exceed $4 EPS.
JT