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 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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LGI Homes has announced the grand opening of Quarry Oaks at Cambrian Hills, its first community in Pennsylvania, located in Hanover. The community will feature 78 single-family homes priced from the $280s, offering a choice of floor plans from approximately 1,290 to over 2,600 square feet. These homes include modern amenities such as upgraded kitchens and landscaped yards. Situated near major employment centers, the community is conveniently located close to shopping and schools, enhancing its appeal for potential buyers.
LGI Homes has opened two new communities in Albuquerque, New Mexico: Volterra Village and De La Reina. These developments aim to meet the growing demand for homes in the area. Volterra Village features low-maintenance townhomes starting in the $250s, with additional amenities including a city park. De La Reina offers single-family homes starting in the $200s, with easy access to I-25 and nearby parks. Both communities include LGI’s CompleteHome™ package, ensuring energy efficiency and modern conveniences. Quick move-in options are also available.
LGI Homes (NASDAQ: LGIH) reported 764 home closings in February 2021, marking a 26.1% increase from 606 closings in February 2020. In total, the company has closed 1,414 homes during the first two months of 2021, representing a 36.0% growth compared to 1,040 closings in the same period last year. By the end of February 2021, LGI Homes operated 103 active selling communities across various states. With over 45,000 homes closed since its inception, LGI Homes is a leading player in the U.S. residential building market.
LGI Homes Announces Madison Village Launch
TAMPA, Fla., Feb. 24, 2021 – LGI Homes (NASDAQ: LGIH) has opened Madison Village, a new townhome community just 9 miles from downtown Tampa. The community features two-story homes ranging from 1,574 to 1,817 square feet, with 2 to 3 bedrooms and a starting price in the $240s. Each home includes high-quality upgrades such as stainless steel appliances, granite countertops, and smart-home technology. Madison Village also offers amenities like a picnic pavilion, walking paths, and a dog park, catering to families and pet owners.
LGI Homes (NASDAQ: LGIH) reported strong financial results for Q4 and the full year 2020. Q4 net income surged 110.3% to $136.4 million, with home sales revenues climbing 48.2% to $897.4 million. Full year net income rose 81.3% to $323.9 million, driven by a 28.8% increase in home sales revenues to $2.4 billion. The average sales price per home closed increased by 6.1% to $253,553, and gross margins improved significantly. The ending backlog of homes increased 140.4% to 2,964 homes, indicating strong demand going into 2021.
LGI Homes has announced the launch of a new residential community, The Arbors, in the Sacramento area. This community features three innovative floor plans ranging from 1,213 to over 1,800 square feet, including one- and two-story options with up to five bedrooms. Homes are designed with modern amenities such as energy-efficient appliances and designer upgrades, starting in the low $300,000s. Conveniently located near major entertainment venues and outdoor recreation, The Arbors aims to attract homebuyers seeking quality living in a desirable location.
LGI Homes, Inc. (NASDAQ: LGIH) reported significant growth with 650 home closings in January 2021, marking a 49.8% increase compared to 434 closings in January 2020. As of the end of January 2021, the company operated 106 active selling communities. With a notable presence across several states, LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018, having closed over 45,000 homes in its 17-year history.
LGI Homes, Inc. (NASDAQ: LGIH) will announce its fourth quarter and full year financial results for the period ending December 31, 2020 on February 23, 2021, before market opens. A conference call to discuss these results is scheduled for 12:30 p.m. ET on the same day. Investors can access the call via a link on the company's Investor Relations page or by dialing in. An archived version of the webcast will be available for one year.