LGI Homes Reports May 2022 Home Closings
LGI Homes announced the closure of 697 homes in May 2022, showcasing continued growth in its operations.
Sentiment and the balance of points
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Rhea-AI Summary
LGI Homes announced the closure of 697 homes in May 2022, showcasing continued growth in its operations. As of May 31, the company operated 91 active selling communities. Recognized as one of America’s fastest-growing homebuilders, LGI Homes boasts a legacy of over 50,000 homes closed in its 19 years of operation and has been profitable every year. The company ranks as the 10th largest residential builder in the U.S. based on units closed and has received various workplace awards for its commitment to quality and customer service.
Positive
- Closed 697 homes in May 2022, reflecting strong sales performance.
- Operates 91 active selling communities, indicating market presence and expansion.
- Ranked as the 10th largest residential builder in the U.S. by units closed.
- Achieved profitability every year over its 19-year history.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was -2.45%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, June 03, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 697 homes in May 2022.
As of May 31, 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
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