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. 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, Inc. (NASDAQ: LGIH) announced the closing of 658 homes in March 2022 and a total of 1,599 home closings for the first quarter of 2022. As of March 31, 2022, the company operated 88 active selling communities. Financial results for the first quarter are scheduled for release on May 3, 2022. A conference call will be held at 12:30 p.m. ET that day to discuss the results, accessible via a live audio webcast on the company's investor page.
LGI Homes has announced the grand opening of Cannery Park, a new community in Stockton, featuring 387 single-family homes priced from the $500s. The development, located near major highways and local amenities, is designed to offer convenient access to parks and entertainment. Homes range in size from 1,342 to over 2,200 square feet, with up to five bedrooms and three baths. Each home includes modern upgrades like energy-saving features and stainless steel appliances. Quick move-in options are available for interested buyers.
LGI Homes (NASDAQ: LGIH) has unveiled SC Ranch, a new community in Marana, Tucson, featuring single-family homes starting in the low-$300s. The community provides open-concept floor plans ranging from 3 to 5 bedrooms, equipped with the CompleteHome™ package, including modern appliances and granite countertops. SC Ranch is strategically located near major employers and amenities such as parks, golf courses, and shopping centers, enhancing its appeal to potential homebuyers. The company continues its tradition of quality construction and customer service.
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LGI Homes, Inc. launched a redesigned website for its luxury brand, Terrata Homes, on March 7, 2022. The new site enhances user experience with a modern design featuring interactive elements and improved visuals, catering to contemporary homebuyer expectations. Chief Marketing Officer Rachel Eaton highlighted that the website showcases the unique lifestyle offerings of Terrata neighborhoods and simplifies the home-buying process. The site allows visitors to explore various neighborhoods and floor plans, reinforcing Terrata Homes as a provider of quality, move-in ready homes.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closure of 499 homes in February 2022, reflecting robust activity in the housing market. As of February 28, 2022, the company operates 89 active selling communities, a testament to its growth strategy. With over 50,000 homes closed since its inception, LGI Homes has maintained profitability every year for more than 18 years. The company ranks as the 10th largest residential builder in the U.S. based on units closed and has received accolades for workplace excellence, including the Cultural Excellence Award for 2022.
LGI Homes has launched Tenny Creek, a new townhome community in Vancouver, WA, featuring 50 move-in ready homes priced from the $450s. Located conveniently near I-5N, it offers access to Portland's employers and local amenities. Each home includes modern upgrades, spacious layouts, and a variety of features such as walk-in closets and tech lofts. Buyers can select from four floor plans, ranging in size from 1,367 to 1,879 square feet. The community promises a simplified home buying experience with amenities nearby, including Salmon Creek Regional Park.
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