LGI Homes Reports April 2022 Home Closings
LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 703 homes in April 2022, marking a steady performance in the residential sector.
Sentiment and the balance of points
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Rhea-AI Summary
LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 703 homes in April 2022, marking a steady performance in the residential sector. As of April 30, 2022, the company operates 91 active selling communities across 35 markets in 19 states, reinforcing its position as one of America's fastest-growing homebuilders. The company has closed over 50,000 homes since its inception and has been profitable annually. LGI Homes is recognized for its quality construction and exceptional service, earning multiple workplace awards including the 2022 Cultural Excellence Award from Top Workplaces USA.
Positive
- Closed 703 homes in April 2022, indicating strong sales momentum.
- Operates 91 active selling communities, enhancing market presence.
- Closed over 50,000 homes to date, demonstrating consistent growth and profitability.
- Ranked as the 10th largest residential builder in the U.S. based on units closed since 2018.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was -4.19%.
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THE WOODLANDS, Texas, May 04, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 703 homes in April 2022.
As of April 30, 2022, the Company had 91 active selling communities.
About LGI Homes, Inc.
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. As one of America’s fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes’ commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA’s 2022 Cultural Excellence 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
Vice President of Investor Relations
(281) 210-2586
investorrelations@lgihomes.com
