LGI Homes, Inc. Reports May 2024 Home Closings

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) announced on June 5, 2024, that it closed 579 homes in May 2024.

As of May 31, 2024, the company had 130 active selling communities.

Positive

• 579 homes closed in May 2024, reflecting strong sales performance.
• 130 active selling communities as of May 31, 2024, indicating widespread market presence.

Negative

• The press release does not provide year-on-year comparison data for May home closings, making it difficult to assess growth or decline.

News Market Reaction – LGIH

-0.92%

1 alert

-0.92% News Effect

On the day this news was published, LGIH declined 0.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

THE WOODLANDS, Texas, June 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 579 homes in May 2024.

As of May 31, 2024, the Company had 130 active selling communities.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

CONTACT:
Joshua D. Fattor
Executive Vice President, Investor Relations and Capital Markets
(281) 210-2586
investorrelations@lgihomes.com

FAQ

How many homes did LGI Homes close in May 2024?

LGI Homes closed 579 homes in May 2024.

How many active selling communities did LGI Homes have as of May 31, 2024?

LGI Homes had 130 active selling communities as of May 31, 2024.

What is the stock symbol for LGI Homes?

The stock symbol for LGI Homes is LGIH.

When did LGI Homes announce its May 2024 home closings?

LGI Homes announced its May 2024 home closings on June 5, 2024.