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 has launched a new website, LGIHomesActiveAdult.com, dedicated to promoting its active adult communities. This user-friendly site features detailed information on amenities and lifestyle options available in LGI Homes' age-restricted communities. Currently, it highlights four premier locations across the U.S., including the Summit at Liberty in California. Since 2018, LGI Homes has ranked as the 10th largest residential builder in the U.S., with over 40,000 homes closed over 17 years.
LGI Homes, Inc. announced record home closings for November 2020, achieving 960 closings, a significant increase of 28.3% from November 2019. The company reported a total of 7,709 closings in the first eleven months of 2020, representing a 16.1% year-over-year growth. With 114 active selling communities, LGI is adjusting its full-year guidance to predict 8,800 to 9,200 homes closed by year-end. CEO Eric Lipar noted strong demand for affordable homes, although future results may be impacted by economic conditions and COVID-19 regulations.
LGI Homes (Nasdaq: LGIH) has launched a new housing community named Pinewood Trails in the greater Houston area. The community will feature 974 single-family homes priced from the $190,000s, designed with LGI's CompleteHome™ package. Homes range from 1,400 to 2,600 square feet, with up to five bedrooms. Pinewood Trails will also include amenities like a 4-acre park and proximity to major highways, enhancing accessibility for residents. Tours of the community’s information center are available by appointment, adhering to health guidelines.
LGI Homes is excited to announce the opening of its new community, La Madre, in Las Vegas, featuring innovative floor plans ranging from 1,280 to 2,200 square feet. This development offers high-quality homes with modern amenities at prices starting in the $290s. Residents will enjoy proximity to the Las Vegas Strip alongside a family-friendly atmosphere, complete with community features like playgrounds and picnic areas. The La Madre information center is open for tours by appointment, adhering to safety guidelines.
LGI Homes has announced the launch of a new community, Hightop Ridge, in Converse, Texas, aimed at enhancing its foothold in the San Antonio market. Homes start in the $240s and offer various layouts, from 1,414 to over 2,500 square feet, featuring upgraded amenities such as granite countertops and ENERGY STAR appliances. Located near major highways, the community promises family-friendly amenities including parks and playgrounds. Quick move-in options are available, and the development aligns with LGI's strategy to meet growing housing demand in Texas.
LGI Homes, Inc. (NASDAQ: LGIH) reported 818 home closings in October 2020, marking a 14.4% increase from 715 closings in October 2019. For the first ten months of 2020, home closings reached 6,749, up 14.6% from 5,890 in the same period of 2019. The company currently operates 111 active selling communities. LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018 and boasts over 40,000 homes closed in its 17-year history.
LGI Homes reported significant financial growth in Q3 2020, with a 80.4% increase in net income to $89.0 million or $3.55 per share. Home sales revenues rose by 10.6% to $534.2 million, attributed to a 4.4% increase in home closings, totaling 2,091 homes. The average home sales price increased 5.9% to $255,477. Over nine months, net income increased 64.8% to $187.5 million. The company also expanded its stock repurchase program by $300 million, reflecting strong performance and cash flow.
LGI Homes has launched Windsor Estates, a new community in Houston, offering affordable townhomes starting from the $170s. Each of the 28 homes features approximately 1,800 sq. ft., three or four bedrooms, and includes modern amenities such as granite countertops and ENERGY STAR appliances. The location provides easy access to major employers and attractions in Houston. Quick move-in options and financing are available. LGI Homes has been ranked as the 10th largest residential builder in the U.S. based on closings.
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