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LGI Homes, Inc. reports recurring developments tied to its design, construction, and sale of new homes across U.S. markets. News commonly covers monthly home closings, active selling communities, quarterly financial results, margin guidance, backlog, pricing, inventory management, and the closing of currently or previously leased single-family rental homes.
Company updates also highlight new community openings and market expansions, including detached homes and townhomes offered with LGI Homes’ CompleteHome™ and CompleteHomePlus™ packages. Its announcements frequently describe community locations, floor plans, home features, amenities, and regional growth in markets such as Florida, Texas, Utah, Nevada, and the Seattle area.
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.
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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.
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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.
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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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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.