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, 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 An archived version of the webcast will be available for one year.
LGI Homes has announced the opening of Horizons, a new lakefront community in Birmingham, Alabama, featuring single-family homes priced from the high-$200s. The two-story homes range from 1,259 to 1,767 square feet and include upgrades like granite countertops and energy-efficient appliances. Residents will enjoy exclusive access to community amenities, such as a clubhouse and swimming pool. Tours of the Horizons information center are available by appointment, adhering to CDC guidelines.
LGI Homes (NASDAQ: LGIH) reported record-breaking home closings in December 2020, achieving 1,630 closings, a 54.9% year-over-year increase. The company also closed 3,408 homes in the fourth quarter, a 35.5% rise from the previous year, and a total of 9,339 homes in 2020, surpassing the previous record of 7,690 in 2019 by 21.4%. With 116 active selling communities as of December, LGI anticipates home closings between 9,200 and 9,800 for 2021, contingent on stable economic conditions and no adverse impacts from COVID-19 restrictions.
LGI Homes launched a redesigned website aiming to enhance user experience and meet evolving digital expectations. The site offers interactive elements, stunning visuals, and easy navigation to facilitate home searches across more than 100 LGI communities nationwide. According to Rachel Eaton, Chief Marketing Officer, the goal is to deliver an industry-leading experience tailored to customer needs. This initiative underscores LGI's commitment to improving homebuyer engagement and facilitating the journey to homeownership.
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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.