Lgi Homes Inc Stock Price, News & Analysis

LGI Homes (NASDAQ: LGIH) has announced the opening of a new section at Timberlake Preserve in Youngsville, North Carolina, northeast of Raleigh. The development features three-, four-, and five-bedroom homes in both one- and two-story layouts, equipped with the CompleteHome Plus™ package including stainless steel appliances, granite countertops, and luxury vinyl plank flooring.

The community offers family-oriented amenities including a pavilion, grill area, playground, soccer field, and walking trails. Located minutes from Wake Forest, the development provides easy access to major employers in the Raleigh-Durham area, along with nearby parks, dining, and shopping options.

New homes at Timberlake Preserve are available starting from the $350s.

LGI Homes (NASDAQ: LGIH) has announced that its luxury brand, Terrata Homes, is launching sales at Stoneridge Hills, a new master-planned community in Rock Hill, South Carolina. Located near the I-77 corridor with easy access to Charlotte, North Carolina, the development offers three- and four-bedroom homes starting in the low-$500s.

The community features extensive amenities including pickleball and bocce ball courts, cornhole stations, a children's playground, dog park, and a private neighborhood park with picnic areas. Each home includes Terrata's upgrade package with modern features such as stainless steel appliances, quartz countertops, tile backsplash, crowned cabinetry, and energy-efficient elements like double-pane windows and programmable thermostats.

The homes showcase spacious, open-concept floor plans with flexible spaces including game rooms, flex rooms, large laundry rooms, mudrooms and covered outdoor living areas.

LGI Homes (NASDAQ: LGIH) reported its operational results for February 2025. The company achieved 351 home closings during the month. As of February 28, 2025, LGI Homes maintained 150 active selling communities in its portfolio.

LGI Homes (NASDAQ: LGIH) reported its Q4 and full-year 2024 results. Despite a mixed macroeconomic backdrop, LGI Homes achieved full-year closings of 6,131 homes, including a bulk sale of 103 leased single-family homes. The company ended the year with a record 151 active communities, up 29.1%. Full-year gross margin was 24.2%, and adjusted gross margin was 26.3%, representing increases of 120 and 160 basis points, respectively. Pre-tax net income margin rose to 11.8%, up 70 basis points. For Q4, home sales revenues decreased 8.4% to $557.4 million, and home closings fell 12.8% to 1,533 homes. Average sales price per home increased 5.1% to $363,598. Q4 gross margin decreased 50 basis points to 22.9%, while adjusted gross margin increased 10 basis points to 25.2%. Net income before taxes dropped 2.1% to $67.1 million, and net income decreased 2.3% to $50.9 million.

LGI Homes issued its 2025 guidance, projecting home closings between 6,200 and 7,000 and an average sales price between $360,000 and $370,000. The company expects gross margins between 23.2% and 24.2% and adjusted gross margins between 25.5% and 26.5%.

LGI Homes (NASDAQ: LGIH) has announced the grand opening of Ligurian Village, a new community in Stockton, California. The development offers affordable three-, four-, and five-bedroom homes starting from the $440s, featuring spacious, open layouts and the CompleteHome™ package.

Each residence comes with built-in upgrades including Whirlpool® kitchen appliances, granite countertops, and modern plank flooring included in the base price. Located less than five miles from downtown Stockton, the community provides convenient access to I-5 and CA-99, connecting residents to major employers, medical facilities, and local attractions.

The family-oriented neighborhood is surrounded by over 15 parks within a 10-mile radius, including Sousa Park, Victory Park, and Stribley Park and Community Center. Residents can enjoy various amenities, from outdoor recreation to entertainment options like Regal Stockton City Center and downtown Stockton's vibrant atmosphere.

LGI Homes (NASDAQ: LGIH) has announced the opening of two new communities in northeast Atlanta: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood, with homes starting in the low-$300s.

Lake Preserve at Jackson Trail offers amenities including a private lake, playground, and pavilion, providing easy access to local parks, dining, shopping, and Athens. Oakwood Terrace features move-in ready townhomes near I-985 and Lake Lanier, offering convenient access to Atlanta.

Both communities include LGI's CompleteHome™ package featuring Whirlpool® kitchen appliances, granite countertops, upgraded wood cabinetry with crown molding, and plank flooring at no additional cost.

LGI Homes announces the opening of a new section at Homestead Estates in Elgin, Texas, offering affordable homes starting in the $290s. The development features one- and two-story homes with three to five bedrooms, equipped with the CompleteHome™ package including Whirlpool® appliances, granite countertops, and energy-efficient features.

The community includes amenities such as a park with playground, picnic area, walking trails, sand volleyball court, and soccer field. Located just five minutes from Highway 290, Homestead Estates provides easy access to both Elgin and Austin, with proximity to local schools including Elgin High School, Neidig Elementary, and Elgin Middle School.

LGI Homes (NASDAQ: LGIH) has announced the opening of two new communities in the Oklahoma City market: The Enclave at Creekside Village in Yukon and Hollow Brook in Tuttle.

The Enclave at Creekside Village offers homes ranging from 1,152 to 2,483 square feet, with three to five bedrooms, featuring the CompleteHome Plus™ package. Pricing starts in the $280s. The community provides access to Mustang Public Schools and various recreational amenities.

Hollow Brook, located in Tuttle (rated one of the 'Best Suburbs to Buy a House in Oklahoma' by Niche.com), offers homes from the low-$300s, ranging from 1,405 to 2,483 square feet. These homes include the CompleteHome™ package with features like stainless steel appliances, granite countertops, and two-car garages.

LGI Homes (NASDAQ: LGIH) has announced the grand opening of Esplanade, a new community in San Jacinto, California. The development offers affordable three-, four- and five-bedroom single-story homes starting from the $460s, featuring the CompleteHome™ package with built-in upgrades including Whirlpool® appliances, granite countertops, and modern plank flooring.

The community boasts scenic views of the San Jacinto and San Bernardino mountains and includes extensive planned amenities such as two pocket parks, a 10-acre community park with baseball diamonds and soccer fields, fitness areas, walking trails, and BBQ facilities. Located off CA-74 and I-215, Esplanade provides easy access to San Jacinto, Riverside, and nearby attractions including the Village West Shopping Center and Western Science Center.