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) 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.
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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.