LGI Homes, Inc. Reports January 2021 Home Closings
LGI Homes, Inc. (NASDAQ: LGIH) reported significant growth with 650 home closings in January 2021, marking a 49.8% increase compared to 434 closings in January 2020.
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Rhea-AI Summary
LGI Homes, Inc. (NASDAQ: LGIH) reported significant growth with 650 home closings in January 2021, marking a 49.8% increase compared to 434 closings in January 2020. As of the end of January 2021, the company operated 106 active selling communities. With a notable presence across several states, LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018, having closed over 45,000 homes in its 17-year history.
Positive
- 650 home closings in January 2021, up 49.8% YOY.
- 106 active selling communities at the end of January 2021.
- Ranked 10th largest residential builder in the U.S. since 2018.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was +1.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, Feb. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 650 home closings in January 2021, up from 434 home closings in January 2020, representing year-over-year growth of
As of the end of January 2021, the Company had 106 active selling communities.
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 45,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.lgihomes.com.
CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2619
investorrelations@lgihomes.com
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