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.
LGI Homes (NASDAQ: LGIH) has introduced a new line of five floor plans in Oklahoma City, with prices starting from the $220s. These homes, ranging from 1,405 to 2,483 square feet, include three to five bedrooms and two to three bathrooms, featuring well-designed interiors and various upgrades. A one-day-only sales event is scheduled for October 23 at Crimson Lake Estates, followed by another event on October 30 at Wyndemere community. The launch emphasizes LGI Homes' commitment to offering quality homes in family-friendly areas while providing exclusive discounts during the events.
LGI Homes has launched its latest community, Hamlets of Tavares, in Orlando, featuring upgraded two-story townhomes priced from the mid-$200s. Each home offers 1,500 to 1,817 square feet of space, with 2-3 bedrooms and 2.5 bathrooms. Residents will enjoy community amenities such as a children's play structure and dog park. The homes come with the CompleteHome™ package, including modern upgrades like stainless steel appliances and granite countertops. LGI Homes has a 18-year legacy of profitability and has closed over 50,000 homes across 35 markets.
LGI Homes has launched a $9 million amenity center, Club Liberty, at its Summit at Liberty community, catering to residents aged 55 and above in Rio Vista, California. The 4.5-acre complex includes various recreational facilities such as a fitness center, pool, community garden, and an events barn designed for gatherings. New single-story homes in this community start in the high $400,000s and offer modern amenities. This expansion reinforces LGI Homes' commitment to enhancing community living while providing quality housing options.
LGI Homes, Inc. (NASDAQ: LGIH) reported closing of 793 homes in September 2021, a slight decrease from 811 homes in September 2020. However, the company achieved record quarterly closings of 2,499 homes in Q3 2021, reflecting a 19.5% increase from 2,091 in Q3 2020. The year-to-date closings reached 7,916, up 33.5% compared to 5,931 in the first nine months of 2020. As of September 30, 2021, LGI Homes operated 103 active selling communities. Financial results for Q3 will be announced on November 2, 2021, followed by a conference call at 12:30 p.m. ET.
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LGI Homes has announced the launch of Southern Pines, a new community in Jacksonville, Florida. The development features five home designs ranging from 2,592 to over 3,300 square feet, offering modern upgrades and spacious layouts on one- to six-acre lots. Prices start in the $490s, with quick move-in options available. Residents will benefit from nearby amenities and excellent schools while enjoying a peaceful setting away from urban congestion. LGI Homes continues to pioneer innovative homebuilding, with over 50,000 homes closed in its 18-year history.
LGI Homes has announced the construction of 168 new homes at Vacek Country Meadows in Richmond, Texas, starting from the $240s. These move-in ready homes are located in a desirable area with easy access to major highways and local amenities. Each home features the CompleteHome™ package, offering modern design and energy efficiency. Homebuyers will enjoy spacious floor plans with up to five bedrooms and various recreational activities nearby. The development emphasizes value and quality in a competitive housing market.
LGI Homes reported strong performance for August 2021, closing 776 homes, a 16.0% increase from 669 homes closed in August 2020. For the year-to-date, the company recorded 7,123 home closings, marking a 39.1% rise compared to 5,120 home closings in the same period last year. As of the end of August 2021, LGI Homes operates 102 active selling communities. The company maintains a robust presence, being one of the fastest-growing residential builders in the U.S., with over 50,000 homes closed in 18 years.
LGI Homes (NASDAQ: LGIH) has announced the launch of two new communities, Shadowbend in Anna and Big Sky Estates in Denton County, as part of its expansion in the Dallas-Fort Worth area. These communities respond to the strong demand for homeownership in the region. Shadowbend features seven floor plans starting from the low-$300s, while Big Sky Estates offers five plans starting in the mid-$200s. Both developments will include various amenities and upgrades, including energy-efficient appliances and Fiber Internet access.
LGI Homes, Inc. (NASDAQ: LGIH) announced the resignation of Laura Miller from its Board of Directors, effective immediately. Ms. Miller cited the need to focus on her responsibilities as CIO at Macy’s and other commitments. She expressed pride in LGI's achievements and confidence in the company's growth trajectory. CEO Eric Lipar acknowledged Ms. Miller's contributions and noted her expertise in cybersecurity was pivotal in modernizing the company's IT systems. LGI Homes is currently seeking a new independent director to fill Ms. Miller's position.