LGI Homes, Inc. Reports May 2020 Home Closings
LGI Homes (NASDAQ: LGIH) reported 640 home closings in May 2020, down from 681 in May 2019.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
LGI Homes (NASDAQ: LGIH) reported 640 home closings in May 2020, down from 681 in May 2019. However, the company achieved a 22.2% increase in total home closings for the first five months of 2020, totaling 3,080 homes compared to 2,521 homes in the same period last year. As of May 2020, LGI Homes operates 116 active selling communities.
Positive
- 22.2% increase in home closings for the first five months of 2020 compared to 2019.
- A total of 3,080 home closings achieved in the first five months of 2020.
Negative
- May 2020 home closings decreased to 640 from 681 in May 2019.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was -6.00%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, June 03, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 640 home closings in May 2020, compared to 681 home closings in May 2019. The Company ended the first five months of 2020 with a total of 3,080 home closings, a
As of the end of May 2020, the Company had 116 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. Recently recognized as the 10th largest residential builder in America, 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 35,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com.
Investor Relations
Joshua Fattor, (281) 210-2619
InvestorRelations@LGIHomes.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.