LGI Homes Unveils Allen Townhomes: Modern Living North of Seattle
LGI Homes (NASDAQ: LGIH) announced the grand opening of Allen Townhomes, a new 36‑lot townhome community in Arlington, Washington, just north of Seattle.
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Rhea-AI Summary
LGI Homes (NASDAQ: LGIH) announced the grand opening of Allen Townhomes, a new 36‑lot townhome community in Arlington, Washington, just north of Seattle. Homes start in the $530s and feature two new floor plans with open layouts, garages, and upgraded finishes.
Each home includes the CompleteHome Plus™ package with quartz countertops, Whirlpool stainless steel appliances, modern flooring, and designer lighting. Amenities include HOA-maintained exteriors, green spaces, a playground, picnic areas, and convenient access to WA‑9 and nearby cities.
Details
News Market Reaction – LGIH
On May 26, the first trading day after this news, LGIH closed 1.39% above the previous close.
Data tracked by StockTitan Argus for the May 26 session.
Key Figures
- Allen Townhomes lots
- 36 lots
- Total lots at full build-out for Allen Townhomes
- Starting price
- Starting in the $530s
- Initial townhome pricing at Allen Townhomes community
- Distance from Everett
- 25 minutes
- Drive time north of Everett to Allen Townhomes
- Grand Opening date
- May 30
- Allen Townhomes grand opening event date
- Quarterly revenue
- $319.7 million
- Home sales revenues for quarter ended March 31, 2026
- Quarterly net income
- $2.2 million
- Net income for quarter ended March 31, 2026
- Home closings
- 881 homes
- Home closings in quarter ended March 31, 2026
- Backlog value
- $660.5 million
- Value of 1,699 homes in backlog at quarter end
Historical Context
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Opened Cypress Trails master-planned community with 500+ homes near Cypress, Texas.
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Launched Vistas at Los Senderos community near Albuquerque with homes in low-$300s.
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Opened Willow Estates 246-lot community near Charlotte with upgraded CompleteHome features.
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Introduced Cider Hill 36-home townhome community in Winston-Salem starting in the $350s.
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Reported 446 April home closings and 148 active selling communities as of April 30.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
hoa financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ARLINGTON, Wash., May 22, 2026 (GLOBE NEWSWIRE) -- LGI Homes, INC. (NASDAQ: LGIH) is thrilled to announce the grand opening of Allen Townhomes, a brand-new community located in Arlington, Washington. Just 25 minutes north of Everett, this charming community offers homebuyers a low-maintenance ownership opportunity with contemporary design, carefully curated upgrades, and a peaceful setting to enjoy with family.
Allen Townhomes will have only 36 lots at full build-out, offering homebuyers an exclusive opportunity to own a thoughtfully designed townhome starting in the
“We are excited at the opportunity to expand our presence north of Seattle with the opening of Allen Townhomes. We will be introducing our CompleteHome Plus™ package at an affordable price with interest rate buy downs and builder closing cost contributions available,” stated Zachary Penrod, Vice President of Sales. Every home at Allen Townhomes comes complete with LGI Homes’ CompleteHome Plus™ package, featuring quartz countertops, Whirlpool® stainless steel appliances, modern flooring, designer lighting, wood cabinetry with crown molding, and elevated finishes all included in the sales price. In addition, homeowners benefit from HOA-maintained exterior and yard care for added convenience.
Residents of Allen Townhomes will enjoy open green spaces, a community playground, picnic areas, and park benches perfect for gathering, relaxing, and outdoor fun. Conveniently located just minutes from WA-9, the community offers easy access to Downtown Arlington, Everett, and Marysville for shopping, dining, entertainment, and everyday conveniences. “We expect strong demand for this community. It’s tucked away yet conveniently located to everything Snohomish County has to offer,” stated Penrod.
The Grand Opening of Allen Townhomes will take place on May 30th, giving homebuyers the first chance to tour the community and take advantage of limited-time incentives. New home savings will be available for one weekend only.
For more information, interested buyers are encouraged to call (877) 401-9890 ext 779. The Allen Townhomes Information Center at 8919 172nd Ave NE, Arlington, WA, 98223 is open seven days a week.
About LGI Homes
Headquartered in The Woodlands, Texas, 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 across 36 markets in 21 states. LGI Homes has closed over 80,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state, and national level, including the Top Workplaces USA 2025 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.
MEDIA CONTACT:
Rachel Eaton
(281) 362-8998 ext. 2560
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12f21d9e-e48a-4323-87b6-e1697eac677b
FAQ
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