LGI Homes Reports July 2021 Home Closings
LGI Homes reported substantial growth in home closings for July 2021, achieving 930 closings, a significant increase of 52.2% from 611 in July 2020.
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Rhea-AI Summary
LGI Homes reported substantial growth in home closings for July 2021, achieving 930 closings, a significant increase of 52.2% from 611 in July 2020. The company has closed a total of 6,347 homes in the first seven months of 2021, marking a 42.6% increase from 4,451 homes during the same period last year. As of July 31, 2021, LGI Homes operates 103 active selling communities.
Positive
- 52.2% increase in July 2021 home closings compared to July 2020.
- 42.6% year-over-year growth in home closings for the first seven months of 2021.
- Operating 103 active selling communities as of July 31, 2021.
Negative
- None.
Details
News Market Reaction – LGIH
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THE WOODLANDS, Texas, Aug. 04, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 930 homes in July 2021, up from 611 homes closed in July 2020, representing year-over-year growth of
As of July 31, 2021, the Company had 103 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, Virginia and Pennsylvania. 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 18 years of homebuilding operations, over which time it has closed more than 50,000 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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