LGI Homes Reports May 2021 Home Closings
LGI Homes reported strong growth in home closings for May 2021, closing 911 homes, a 42.3% increase from 640 homes in May 2020.
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 reported strong growth in home closings for May 2021, closing 911 homes, a 42.3% increase from 640 homes in May 2020. Year-to-date, the company closed 4,420 homes in the first five months of 2021, reflecting a 43.5% increase compared to 3,080 homes in the same period last year. As of May 31, 2021, LGI Homes has 104 active selling communities.
Positive
- 911 homes closed in May 2021, a 42.3% increase from May 2020.
- Year-to-date home closings reached 4,420, up 43.5% from 3,080 in the first five months of 2020.
- 104 active selling communities as of May 31, 2021.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was +0.84%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, June 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 911 homes in May 2021, up from 640 homes closed in May 2020, representing year-over-year growth of
As of May 31, 2021, the Company had 104 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 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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.