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) reported 640 home closings in May 2020, down from 681 in May 2019. However, the company achieved a 22.2% increase in total home closings for the first five months of 2020, totaling 3,080 homes compared to 2,521 homes in the same period last year. As of May 2020, LGI Homes operates 116 active selling communities.
LGI Homes (Nasdaq: LGIH) has launched three new housing communities in the greater Raleigh area: Avery Pond, Brinley Manor, and Legacy. Avery Pond features homes priced from the low-$200s, offering 1,316 to over 2,360 square feet with various upgrades.
Brinley Manor homes start in the $260s, ranging from 2,029 to 2,540 square feet, emphasizing family-friendly amenities and proximity to downtown. Legacy starts from the $230s, with homes between 1,949 to 2,368 square feet, and promises a $1.2 million amenity complex.
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LGI Homes, Inc. (Nasdaq: LGIH) has opened a new community called Crimson Lake Estates in El Reno, Oklahoma. Designed for modern living, this community features five floor plans ranging from 1,461 to 2,700 square feet, with options for up to five bedrooms and two-and-a-half bathrooms. Homes include energy-saving features and designer upgrades, starting at $190,000. The information center is available for tours by appointment, adhering to safety guidelines. Crimson Lake Estates offers scenic views, recreational opportunities, and is close to local parks and community amenities.
LGI Homes (NASDAQ: LGIH) will present at the 13th Annual J.P. Morgan Homebuilding & Building Products Conference on May 18, 2020, at 9:45 a.m. Eastern Time. The live webcast can be accessed through the LGI Homes website and the J.P. Morgan event page. An archived version will be available for 30 days after the presentation. LGI Homes, headquartered in The Woodlands, Texas, is recognized as the 10th largest residential builder in the U.S., with over 35,000 homes closed in its 17-year history.