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 (LGIH) delivers essential updates for stakeholders tracking this innovative homebuilder's progress in affordable residential construction. This centralized resource aggregates official press releases, regulatory filings, and market-moving developments related to LGIH's strategic operations across 7 U.S. regions.
Investors and analysts will find timely information on quarterly earnings, land acquisition strategies, and community development initiatives. The curated collection emphasizes LGIH's core operational strengths – controlled land development processes, cost-efficient construction models, and targeted market expansion.
Content spans critical business areas including new community launches, operational milestones, leadership updates, and sustainability initiatives. Each entry maintains factual reporting aligned with SEC compliance standards, providing reliable data for investment research and market analysis.
Bookmark this page for streamlined access to LGIH's evolving corporate narrative within the competitive homebuilding sector. Regular updates ensure stakeholders remain informed about the company's progress in delivering affordable, amenity-rich housing solutions nationwide.
LGI Homes has officially launched its newest community, Ridgeview, located in Youngtown, Phoenix, with new single-family homes starting in the $360s. This community features a variety of spacious floor plans ranging from three to five bedrooms, equipped with the popular CompleteHome Plus™ package, including stainless steel appliances and granite countertops. Ridgeview is strategically situated near major highways, local amenities, and entertainment options like State Farm Stadium. With a history of over 50,000 homes closed and consistent profitability for the past 19 years, LGI Homes continues to be a major player in the homebuilding industry.
LGI Homes reported strong financial results for Q4 and the full year ending December 31, 2022. The company closed 1,448 homes in Q4, totaling 6,621 homes for the year. Revenue reached $2.3 billion with record profitability metrics: gross margin of 28.1% and net income of $326.6 million, although net income decreased by 24% year-over-year. Inventory was reduced by 21.7%, and the ending backlog of homes decreased by 65.8%. The company repurchased 892,916 shares in 2022 and maintained a robust balance sheet with a net debt-to-capitalization ratio at 39.8%. LGI enters 2023 with positive sales trends but cautious about rising mortgage rates.
LGI Homes (NASDAQ: LGIH) has announced its expansion into the Tampa area with the launch of Royal Highlands in Weeki Wachee, FL. The new community offers five floor plans ranging from 1,270 to 1,984 square feet, featuring one-story homes with modern kitchens, large family rooms, and designer upgrades included in the CompleteHome™ package. Homes are priced from the $280s. Royal Highlands is conveniently located near major employers and attractions such as Weeki Wachee Springs State Park. LGI Homes, recognized as the 10th largest residential builder in the U.S., emphasizes affordable housing solutions while maintaining a commitment to quality and customer service.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closure of 331 homes in January 2023, continuing its growth in the homebuilding industry. As of January 31, 2023, the company operates 97 active selling communities across 35 markets in 20 states. Over its 19-year history, LGI Homes has successfully closed more than 50,000 homes and maintained profitability each year. Recognized as one of the fastest-growing homebuilders, LGI Homes is the 10th largest residential builder in the U.S. based on units closed. The company's commitment to quality construction and customer service has earned it multiple awards, including the Top Workplaces USA’s 2022 Cultural Excellence Award.
LGI Homes (NASDAQ: LGIH) announced the opening of Knights Bridge, a new community in Richburg, SC on January 19, 2023. This development is strategically positioned near I-77, providing convenient access to shopping, dining, and employment. Knights Bridge features spacious, new construction homes ranging from 1,316 to 2,201 square feet, priced from the $250s. Amenities include a neighborhood park, playground, and proximity to outdoor activities like the Catawba River. LGI Homes emphasizes affordable, move-in-ready options with modern upgrades included. The company continues to expand its footprint in South Carolina, enhancing its reputation as a leading homebuilder.
LGI Homes (NASDAQ: LGIH) closed 504 homes in December 2022, totaling 1,448 for Q4 and 6,621 for the full year. The company ended December 2022 with 99 active selling communities. CEO Eric Lipar acknowledged the challenge of higher mortgage rates impacting demand. While total closings for the year were slightly below guidance, the company highlighted its efforts in facilitating home ownership. LGI Homes will release its financial results for Q4 and FY 2022 on February 21, 2023.
LGI Homes (NASDAQ: LGIH) has announced the launch of a new section at Second Creek Farm in Commerce City, featuring 240 new homes priced from the $450s. Located just 30 minutes from downtown Denver, the community will include homes with three to five bedrooms, each equipped with the CompleteHome Plus™ package. New amenities such as a community park, playground, and walking trails will enhance the living experience. LGI Homes emphasizes affordable homeownership with builder-paid closing costs and a simplified buying process.
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