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 has opened a new section at The Reserve at Canyon Hills in Charlotte, featuring six spacious floor plans ranging from 1,316 to 2,805 square feet. Homes include up to five bedrooms and two-and-a-half baths, with modern design elements such as open floor plans and professionally landscaped yards. Pricing starts from the $230s. The community offers amenities like a park and playground, and is conveniently located ten miles from downtown Charlotte. Tours are available by appointment, adhering to safety guidelines.
On October 16, 2020, LGI Homes (NASDAQ: LGIH) announced a $1.5 million special appreciation bonus to approximately 760 frontline employees for their dedication during the COVID-19 pandemic. Each eligible employee will receive a $2,000 cash bonus in recognition of their efforts. CEO Eric Lipar expressed gratitude for their commitment, highlighting that these workers enabled the company to provide homes for over 4,000 families since March. LGI Homes, one of the largest residential builders in the U.S., continues to demonstrate strong performance despite challenging conditions.
LGI Homes (NASDAQ: LGIH) is expanding its presence in the Dallas-Fort Worth area with three new communities: Princeton Crossroads, Oak Ridge, and Seagoville Farms. Princeton Crossroads will feature 331 homes with prices starting in the $250s, while Oak Ridge will offer additional homes and a community park. Seagoville Farms will comprise 371 homes ranging from 1,707 to over 2,500 square feet, with prices starting in the $230s. Each community provides modern amenities and convenient access to recreational areas.
LGI Homes (NASDAQ: LGIH) reported strong performance with 811 home closings in September 2020, up 24.0% from 654 in September 2019. This growth contributes to a record 2,091 quarterly closings for Q3 2020, a 4.4% year-over-year increase. The total for the first nine months stands at 5,931 closings, a 14.6% rise compared to 5,175 in the same period last year. The company operates 110 active selling communities. Financial results for Q3 will be announced on November 3, 2020.
LGI Homes (NASDAQ: LGIH) expects to close approximately 810 homes in September 2020, marking a significant increase from 654 home closings in September 2019. This performance represents LGI's best September on record and the third best month in the company's history. The increase is attributed to strong market demand, driven by low interest rates and a preference for single-family homes. The company’s focus on affordable, move-in ready homes positions it well in the current market.
LGI Homes (Nasdaq: LGIH) has announced the grand opening of two new communities in the greater Portland area: Riverside Estates in La Center and 5th Plain Creek Station in Vancouver. Riverside Estates will include 190 single-family homes priced from the $360s, featuring sizes from 1,300 to over 2,300 square feet. 5th Plain Creek Station offers both upgraded townhomes and single-family homes starting in the $320s. Both communities provide desirable amenities and are strategically located for convenient access to major employers and local attractions.
LGI Homes (NASDAQ: LGIH) has launched its new community, Homestead Estates, in Elgin, Texas, offering homes starting in the $210s. The community features a park, playground, volleyball court, and soccer field, with open green areas and walking trails. Homes range from 1,525 to over 2,500 square feet and include the CompleteHome™ package, featuring energy-efficient appliances and finishes. Positioned near downtown Austin and major employers, this development aims to provide affordable, high-quality housing for buyers.
LGI Homes (NASDAQ: LGIH) announced new single-family homes in Palm Bay, Florida, located conveniently near I-95 and Orlando attractions. The homes range from over 1,200 to under 2,000 square feet, featuring 3 to 5 bedrooms and 2 to 3 bathrooms. Prices start in the low-$200s. Each home includes the CompleteHome™ package with modern amenities such as energy-efficient appliances and upgraded features. The information center provides tours by appointment, adhering to safety guidelines. For details, call (844) 833-7026 ext 809.
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