Welcome to our dedicated page for Lgi Homes news (Ticker: LGIH), a resource for investors and traders seeking the latest updates and insights on Lgi Homes stock.
LGI Homes, Inc. (NASDAQ: LGIH) is an established homebuilder focused on the design, construction and sale of new homes, and its news flow offers insight into both operational performance and community development activity. Regular press releases cover home closings by month and quarter, active selling community counts and segment-level performance, giving investors and observers a detailed view of how many homes the company is delivering and where it is concentrating its efforts.
News items frequently highlight quarterly and year-to-date financial results, including home sales revenues, home closings, average sales prices, gross margins, adjusted gross margins, backlog and liquidity metrics. These updates are often paired with commentary from management on strategy, demand for entry-level and attainable housing and expectations for future closings and community counts.
Beyond earnings-related announcements, LGI Homes publishes news on new community openings and product launches. Recent examples include new single-family communities in Florida, new floor plans in Utah and townhome communities in Minnesota, as well as limited-release luxury communities offered through its Terrata Homes division. Such releases describe floor plans, included upgrades, community amenities and pricing ranges, giving context on the company’s product mix and geographic reach.
The company also announces national sales events and promotional campaigns, outlining incentives, financing opportunities and builder-paid closing cost offers across LGI Homes and Terrata Homes communities. Together, these news updates provide a comprehensive view of LGI Homes’ growth, community pipeline and positioning in the U.S. homebuilding market, making the LGIH news page a useful resource for tracking the company’s ongoing activity.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Applewood, a new residential community in King, northwest of Winston-Salem. The development features five new floor plans with homes starting from the $290s, offering quick move-in options.
The community provides convenient access to various amenities, including Pilot Mountain State Park hiking trails and Robertson Berry Farm. Located near US-52, residents enjoy easy commuting to Winston-Salem along with proximity to shopping, dining, and entertainment options.
Each home comes equipped with the CompleteHome™ package, featuring premium upgrades at no additional cost, including:
- Stainless steel Whirlpool® kitchen appliances
- Granite countertops
- 36" upper cabinets with crown molding
- Energy-efficient features like programmable thermostats
- Double-pane Low-E vinyl windows
- Wi-Fi-enabled garage door openers
LGI Homes (NASDAQ: LGIH) has achieved a significant milestone by closing its 75,000th home. Founded in 2003, the company has maintained its mission of providing affordable homeownership alternatives to renting across the United States. Eric Lipar, Chairman and CEO, emphasized this achievement as a testament to the company's dedication and team passion.
The milestone highlights LGI Homes' successful execution of its core mission to make homeownership accessible while delivering value, quality, and exceptional customer service. The company attributes this achievement to its employees' and partners' commitment to their motto of 'changing lives, one home at a time' and maintains its focus on innovation and continued growth in the housing market.
LGI Homes (NASDAQ: LGIH) announces the opening of Choplin Farms, a new community in Nash County, featuring homes on half-acre to 1+ acre lots. Located 35 minutes from Downtown Raleigh, the community offers new floor plans ranging from 1,531 to 2,373 square feet, with three to four bedrooms and two to two-and-a-half baths. The lineup includes three one-story ranch-style plans with covered porches and rear decks, plus two two-story plans with flexible spaces.
All homes include the CompleteHome™ package featuring granite countertops, stainless steel appliances, and energy-efficient upgrades at no extra cost. Prices start from the mid-$300s. The community provides easy access to major employers, shopping, dining, and outdoor recreational areas including Buckhorn Lake.
LGI Homes has announced the grand opening of Brimington Farm, a new community in Waynesboro, Pennsylvania. The development offers affordable housing options with 3-bedroom townhomes starting in the $300s and 3- to 4-bedroom single-family homes starting in the mid-$400s. Each home includes the CompleteHome Plus™ package featuring granite countertops, stainless steel appliances, and energy-efficient upgrades at no additional cost.
The community is strategically located near major highways, championship golf courses, and top-rated ski resorts. Residents will enjoy proximity to Memorial Park, Waynesboro Country Club, Liberty Mountain Resort, and Hagerstown's shopping and dining options. Children can walk to all schools from the neighborhood, making it an ideal location for families.
LGI Homes reported closing 531 homes in November 2024, which includes a bulk sale of 103 single-family rental homes. As of November 30, 2024, the company maintained 142 active selling communities.
LGI Homes has announced the pricing of $400 million in unsecured Senior Notes due 2032. The Notes will carry a 7.000% annual interest rate and will be guaranteed by the Company's subsidiaries that guarantee its revolving credit facility. The sale is expected to complete on November 15, 2024, subject to closing conditions. The Company plans to use the net proceeds to repay a portion of its outstanding revolving credit facility borrowings. The Notes are being offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
LGI Homes has announced a private offering of $400 million in unsecured Senior Notes due 2032. The notes will be offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes will be guaranteed by the Company's subsidiaries that guarantee its revolving credit facility. The proceeds will be used to repay a portion of outstanding borrowings under the Company's revolving credit facility. The offering is subject to market conditions and has not been registered under the Securities Act.
LGI Homes reported closing 525 homes in October 2024. As of October 31, 2024, the company maintained 138 active selling communities.
LGI Homes reported Q3 2024 results with home sales revenues up 5.6% to $651.9 million and home closings up 0.3% to 1,757 homes. The average sales price increased 5.2% to $371,004. Net income grew 3.8% to $69.6 million. For the nine months ended September 30, home sales revenues decreased 6.0% to $1.6 billion, with closings down 9.6%. The company's active selling communities increased 30.2% year-over-year to 138. Based on current performance, LGI Homes updated its 2024 guidance, now expecting to close between 6,100 and 6,400 homes.
LGI Homes (NASDAQ: LGIH) reported closing 579 homes in September 2024, marking a 7.2% year-over-year increase. For the third quarter of 2024, the company closed a total of 1,757 homes. As of September 30, 2024, LGI Homes had 138 active selling communities.
The company announced it will release its financial results for Q3 2024 before the market opens on Tuesday, November 5, 2024. A conference call is scheduled for 12:30 p.m. Eastern Time on the same day to discuss the results. Investors can access the live audio webcast through the company's Investor Relations page, with an archive available for one year after the call.
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