LGI Homes Reports October 2020 Home Closings
LGI Homes, Inc. (NASDAQ: LGIH) reported 818 home closings in October 2020, marking a 14.4% increase from 715 closings in October 2019.
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, Inc. (NASDAQ: LGIH) reported 818 home closings in October 2020, marking a 14.4% increase from 715 closings in October 2019. For the first ten months of 2020, home closings reached 6,749, up 14.6% from 5,890 in the same period of 2019. The company currently operates 111 active selling communities. LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018 and boasts over 40,000 homes closed in its 17-year history.
Positive
- 14.4% year-over-year increase in home closings for October 2020.
- 14.6% increase in home closings year-to-date for 2020.
- Currently operating 111 active selling communities.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was +1.83%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THE WOODLANDS, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 818 home closings in October 2020, up from 715 home closings in October 2019, representing year-over-year growth of
As of the end of October 2020, the Company had 111 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 and Virginia. 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 17 years of homebuilding operations, over which time it has closed more than 40,000 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.