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, Inc. (NASDAQ: LGIH) will present at the 14th Annual J.P. Morgan Homebuilding & Building Products Conference virtually on May 19, 2021, at 9:45 AM EDT. Investors can access the live webcast through the Investors section on the Company's website or directly via a provided link. LGI Homes, headquartered in The Woodlands, Texas, is one of the largest residential builders in the U.S., having closed over 45,000 homes in more than 18 years of operation. The Company ranks 10th in residential building based on units closed since 2018.
LGI Homes, Inc. has launched Shaw Creek Ranch, a new residential community in Ferris, Texas, with homes starting in the mid-$200s. This community features five popular floor plans, ranging from 1,379 to over 2,500 square feet, including three- and four-bedroom options. Residents will enjoy amenities like a community park, quick access to schools, shopping, and dining, and energy-efficient home features. The information center is open for tours by appointment, adhering to safety guidelines.
LGI Homes (NASDAQ: LGIH) has acquired KenRoe, Inc. for approximately $27 million. This acquisition includes 85 homes under construction, 130 finished lots, and control of 2,500 raw, undeveloped lots in the Minneapolis market. Eric Lipar, CEO of LGI Homes, emphasized the strategic importance of this purchase, highlighting its role in expanding operations and geographic presence. KenRoe's expertise in building entry-level homes complements LGI's portfolio, aiming for continued growth in a flourishing market.
LGI Homes (NASDAQ: LGIH) reported strong growth in home closings, achieving 948 homes in April 2021, a 56.7% increase from 605 homes in April 2020. The company also closed 3,509 homes in the first four months of 2021, marking a 43.8% rise compared to 2,440 homes in the same period last year. As of April 30, 2021, LGI Homes operated 105 active selling communities. Established in 2003, the company is ranked 10th among residential builders in the U.S. based on units closed.
LGI Homes reported a record-breaking first quarter for 2021, with net income soaring 132.6% to $99.7 million, or $3.99 per share. Home sales revenues rose 55.2% to $706 million, and home closings increased 39.6% to 2,561 homes. The company noted a significant increase in its backlog, reaching 5,632 homes valued at $1.6 billion, up 199.7% year-over-year. Gross margin improved to 26.9%, while adjusted gross margin increased to 28.5%. The firm is optimistic about future growth, raising its full year guidance for home closings and gross margin expectations.
LGI Homes (NASDAQ: LGIH) has announced the opening of its new community, Harrison Cove, in Hampstead, North Carolina. This community offers single-family homes ranging from 1,317 to 2,358 square feet, with prices starting in the $260s. Homes feature modern designs, open layouts, and the CompleteHome™ package, which includes energy-efficient appliances and high-quality finishes. Buyers can visit the information center by appointment, adhering to CDC guidelines. LGI Homes is recognized as one of the top residential builders in the U.S., with over 45,000 homes closed.
LGI Homes announced two new residential communities in the greater Phoenix area: Mission Ranch in Casa Grande and Sunrise Estates in Florence. Mission Ranch offers three to five-bedroom homes starting in the high-$200s, featuring spacious backyards and various amenities. Sunrise Estates provides three to four-bedroom homes ranging from 1,154 to 2,173 square feet, starting in the low-$200s, with open layouts and modern features. Both communities include LGI’s CompleteHome™ package, enhancing home design and functionality.
LGI Homes (NASDAQ: LGIH) has announced the opening of Hidden Creek, a new residential community located in Frederick, north of Denver. The community features an array of amenities, offering homeowners mountain views and extensive outdoor trails. Homes range from 1,465 to 2,684 square feet, with three to five bedrooms and prices starting in the $430,000s. Frederick is recognized for its exceptional schools and vibrant community events, making it an appealing choice for homebuyers.
LGI Homes announced the grand opening of Pony Lake, featuring 39 single-family homes located in Pierce County, Washington. Priced starting in the low-$500s, homes range from approximately 1,500 to 2,400 square feet and include LGI’s CompleteHome™ suite of upgrades. The community offers convenient access to major employers like Boeing and Amazon and includes amenities such as a private park. LGI Homes is recognized as the 10th largest residential builder in the U.S. based on closed units since 2018.
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