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 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.
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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.
LGI Homes, Inc. (NASDAQ: LGIH) reported a substantial increase in home closings, achieving 1,147 homes in March 2021, a 44.3% rise from 795 homes in March 2020. The company also reached a record quarterly total of 2,561 home closings for Q1 2021, up 39.6% from 1,835 in Q1 2020. As of March 31, 2021, LGI Homes operated 110 active selling communities. Financial results for Q1 will be released on May 4, 2021, accompanied by a conference call at 12:30 p.m. Eastern Time.
LGI Homes has announced the grand opening of Harts Crossing, a new community in Portland, Oregon, comprising 32 townhomes. Located 10 miles east of downtown, these low maintenance homes begin pricing in the $390s and include modern upgrades like attached garages and energy-efficient appliances. Buyers can choose from three floor plans ranging from 1,300 to 1,600 square feet. The community is conveniently near TriMet MAX light rail, providing easy access to Portland's amenities. Quick move-in options are available for qualified buyers.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Huntington Pointe, its first community in the Norfolk, VA market. This master-planned community will offer 115 new homes, including townhomes and single-family homes, with prices starting in the low-$300s. The homes feature modern amenities, energy-efficient attributes, and are backed by a 10-year structural warranty. Residents will enjoy a pedestrian-friendly neighborhood with access to parks and local attractions. Quick move-in opportunities and attractive financing options are available for qualified buyers.
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