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.
Summary not available.
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.
Summary not available.
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.
Summary not available.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closure of 412 homes in November 2022, maintaining a robust sales trajectory. By the end of November, the company operated 92 active selling communities across 35 markets in 20 states. Established for over 19 years, LGI Homes has successfully closed more than 50,000 homes and achieved profitability every year. The company, headquartered in The Woodlands, Texas, ranks as the 10th largest residential builder in the U.S. based on units closed and has received multiple workplace accolades.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 532 homes in October 2022. As of October 31, 2022, the company had 92 active selling communities. Known for its innovative homebuilding approach, LGI Homes boasts a legacy of over 19 years with more than 50,000 homes closed. The company operates across 35 markets in 20 states and ranks as the 10th largest residential builder in the U.S. since 2018. LGI Homes emphasizes quality construction and customer service, earning numerous workplace accolades, including the 2022 Cultural Excellence Award.
LGI Homes (NASDAQ: LGIH) reported Q3 2022 results showing a 10.1% decrease in net income to $90.4 million and a 27.2% drop in home sales revenue at $547.1 million. Home closings fell 38.1% to 1,547 homes, although the average sales price per home rose 17.6% to $353,635. The company's gross margin improved by 160 basis points to 28.5%. For 2022, LGI updated its forecast to 6,700-7,100 homes closed at an average sales price between $340,000 and $350,000.
LGI Homes (NASDAQ: LGIH) reported the closing of 574 homes in September 2022, totaling 1,547 homes closed for the third quarter. As of September 30, 2022, the company operated 93 active selling communities.
Financial results for Q3 2022 will be released on November 1, 2022, followed by a conference call at 12:30 p.m. ET.