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 has announced the opening of its latest community, Hadleigh at Cedar Creek, located in Youngsville, near Raleigh, NC. This community features one- and two-story homes ranging from 1,317 to 2,201 square feet, with five floor plans available. Priced from the low-$200s, the homes include modern design features and the CompleteHome™ package, which offers energy-efficient appliances and ample storage. The community is conveniently located near shopping and recreational areas, enhancing its appeal to homebuyers.
LGI Homes (NASDAQ: LGIH) reported strong growth in home closings for June 2020, achieving 760 closings, a 16.7% increase from June 2019. The second quarter also saw record quarterly closings of 2,005 homes, up 3.1% year-over-year. For the first half of 2020, total closings reached 3,840, marking a 21.1% increase over the same period last year. Additionally, the company celebrated its 40,000th home closing since 2003. Financial results for Q2 will be announced on August 4, 2020.
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LGI Homes (Nasdaq: LGIH) has announced the grand opening of Bay Vista, a new community of 120 single-family homes in Bremerton, Washington. The homes range from 1,200 to over 2,100 square feet, offering five distinct floor plans. This development is strategically located near WA-3 and the Bremerton Ferry Dock, making it convenient for commuting to Seattle and Tacoma. Bay Vista aims to provide homebuyers a blend of affordable, high-quality living with attractive local amenities, including parks and shopping, and features a pocket park and paved walking paths.
LGI Homes (LGIH) has commenced construction of Club Liberty, a $9 million amenity center at the Summit at Liberty community in Rio Vista, California. The facility spans 4.5 acres and includes a fitness studio, resort-style pool, community garden, and gathering spaces. The Ranch House, a central hub within Club Liberty, will host various resident activities and features the Liberty House Café. Additionally, a sport court complex has been completed with tennis and pickleball courts. Homes at Summit at Liberty are available starting in the $380s, with an emphasis on modern designs.
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LGI Homes (Nasdaq: LGIH) announced the opening of two new communities in the Denver area: Evans Place in Keenesburg and Sorrento in Mead. Evans Place offers affordable three- and four-bedroom homes starting in the low-$300s, featuring stylish upgrades and community amenities. Sorrento presents three to five-bedroom homes beginning in the low-$400s, with enhanced features. Both locations aim to meet the high demand for homeownership amid low interest rates, showcasing LGI's commitment to quality construction in this growing market.
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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.