Bloomberg reports that LGI Homes Inc., an entry-level builder based in Texas is expanding to six more states, and their non-conventional methods demonstrate that the U.S. housing crash didn’t diminish the desire for homeownership. LGI Homes has been profitable every year since it was founded in 2003, and specifically targets new homeowners with financial credentials that might normally disqualify them from getting a mortgage loan.
LGI Homes targets young homeowners, sees shares soar
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