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 (NASDAQ: LGIH) reported 669 home closings in August 2020, a slight decline from 677 closings in August 2019. However, the company achieved a significant growth overall, with 5,120 home closings in the first eight months of 2020, representing a 13.2% increase compared to 4,521 closings during the same period in 2019. As of August 2020, LGI Homes had 107 active selling communities, indicating robust operational capacity.
LGI Homes, Inc. (NASDAQ: LGIH) reported 611 home closings in July 2020, down from 672 in July 2019. However, for the first seven months of 2020, home closings rose by 15.8%, totaling 4,451 compared to 3,844 during the same period in 2019. As of July 2020, LGI Homes operated 111 active selling communities, continuing to solidify its position as the 10th largest residential builder in the U.S. The company has a legacy of over 17 years, closing more than 40,000 homes. For further details, visit LGIHomes.com.
LGI Homes, Inc. (NASDAQ: LGIH) reported robust second quarter and six-month financial results for 2020, reflecting strong demand for homeownership amid the COVID-19 pandemic. Net income surged 20.8% to $55.6 million, with home sales revenues rising 4.3% to $481.6 million. Home closings reached 2,005, marking a 3.1% increase. The average home sales price grew by 1.1% to $240,200. For the year, the company anticipates closing between 8,000 to 8,800 homes and expects an increase in average home sales price to between $245,000 and $255,000.
LGI Homes, through its brand Terrata Homes, has launched a new section of luxury homes in Magnolia Reserve, north of The Woodlands, Texas. The homes are on half-acre lots and range from 2,603 to 4,096 square feet, featuring up to four bedrooms and modern upgrades. Prices start from the $380s. This new community is gaining popularity due to its amenities, scenic views, and accessibility to major employers and recreational options. Division President Brian Batten highlighted the demand for these homes, emphasizing their appeal to buyers seeking space and luxury.
LGI Homes (Nasdaq: LGIH) has announced the opening of Skyridge Estates, a new community in the greater Seattle area, featuring 249 single-family homes priced from the $380s. These homes include LGI's CompleteHome™ package, offering modern amenities and spacious designs. The community is conveniently located near local schools and outdoor recreational areas. Ryan Stokes, Division President, emphasized the value and serene environment of Skyridge Estates. The homes range from approximately 1,200 to 2,100 square feet and include various features such as upgraded kitchen appliances and private owner retreats.
LGI Homes (Nasdaq: LGIH) has announced the launch of three new communities in the Dallas-Fort Worth area: Hampton Meadows, Willowwood, and Chisholm Springs. Willowwood will feature 174 homes priced from the $230s, offering four floor plans and new designs, alongside energy-efficient upgrades. Hampton Meadows will include six floor plans, ranging from 1,706 to over 2,700 square feet, starting in the $250s. Chisholm Springs, located in Newark, offers five floor plans starting from the $210s. This expansion aims to meet varying buyer specifications and price points.
LGI Homes has announced the opening of its latest community, Hadleigh at Cedar Creek, located in Youngsville, near Raleigh, NC. This community features one- and two-story homes ranging from 1,317 to 2,201 square feet, with five floor plans available. Priced from the low-$200s, the homes include modern design features and the CompleteHome™ package, which offers energy-efficient appliances and ample storage. The community is conveniently located near shopping and recreational areas, enhancing its appeal to homebuyers.
LGI Homes (NASDAQ: LGIH) reported strong growth in home closings for June 2020, achieving 760 closings, a 16.7% increase from June 2019. The second quarter also saw record quarterly closings of 2,005 homes, up 3.1% year-over-year. For the first half of 2020, total closings reached 3,840, marking a 21.1% increase over the same period last year. Additionally, the company celebrated its 40,000th home closing since 2003. Financial results for Q2 will be announced on August 4, 2020.
FAQ
What is the current stock price of Lgi Homes (LGIH)?
What is the market cap of Lgi Homes (LGIH)?
