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. reports recurring developments tied to its design, construction, and sale of new homes across U.S. markets. News commonly covers monthly home closings, active selling communities, quarterly financial results, margin guidance, backlog, pricing, inventory management, and the closing of currently or previously leased single-family rental homes.
Company updates also highlight new community openings and market expansions, including detached homes and townhomes offered with LGI Homes’ CompleteHome™ and CompleteHomePlus™ packages. Its announcements frequently describe community locations, floor plans, home features, amenities, and regional growth in markets such as Florida, Texas, Utah, Nevada, and the Seattle area.
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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LGI Homes (NASDAQ: LGIH) reported 669 home closings in August 2020, a slight decline from 677 closings in August 2019. However, the company achieved a significant growth overall, with 5,120 home closings in the first eight months of 2020, representing a 13.2% increase compared to 4,521 closings during the same period in 2019. As of August 2020, LGI Homes had 107 active selling communities, indicating robust operational capacity.
LGI Homes, Inc. (NASDAQ: LGIH) reported 611 home closings in July 2020, down from 672 in July 2019. However, for the first seven months of 2020, home closings rose by 15.8%, totaling 4,451 compared to 3,844 during the same period in 2019. As of July 2020, LGI Homes operated 111 active selling communities, continuing to solidify its position as the 10th largest residential builder in the U.S. The company has a legacy of over 17 years, closing more than 40,000 homes. For further details, visit LGIHomes.com.
LGI Homes, Inc. (NASDAQ: LGIH) reported robust second quarter and six-month financial results for 2020, reflecting strong demand for homeownership amid the COVID-19 pandemic. Net income surged 20.8% to $55.6 million, with home sales revenues rising 4.3% to $481.6 million. Home closings reached 2,005, marking a 3.1% increase. The average home sales price grew by 1.1% to $240,200. For the year, the company anticipates closing between 8,000 to 8,800 homes and expects an increase in average home sales price to between $245,000 and $255,000.