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 (LGIH) delivers essential updates for stakeholders tracking this innovative homebuilder's progress in affordable residential construction. This centralized resource aggregates official press releases, regulatory filings, and market-moving developments related to LGIH's strategic operations across 7 U.S. regions.
Investors and analysts will find timely information on quarterly earnings, land acquisition strategies, and community development initiatives. The curated collection emphasizes LGIH's core operational strengths – controlled land development processes, cost-efficient construction models, and targeted market expansion.
Content spans critical business areas including new community launches, operational milestones, leadership updates, and sustainability initiatives. Each entry maintains factual reporting aligned with SEC compliance standards, providing reliable data for investment research and market analysis.
Bookmark this page for streamlined access to LGIH's evolving corporate narrative within the competitive homebuilding sector. Regular updates ensure stakeholders remain informed about the company's progress in delivering affordable, amenity-rich housing solutions nationwide.
LGI Homes has announced a private offering of $400 million in unsecured Senior Notes due 2032. The notes will be offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes will be guaranteed by the Company's subsidiaries that guarantee its revolving credit facility. The proceeds will be used to repay a portion of outstanding borrowings under the Company's revolving credit facility. The offering is subject to market conditions and has not been registered under the Securities Act.
LGI Homes reported closing 525 homes in October 2024. As of October 31, 2024, the company maintained 138 active selling communities.
LGI Homes reported Q3 2024 results with home sales revenues up 5.6% to $651.9 million and home closings up 0.3% to 1,757 homes. The average sales price increased 5.2% to $371,004. Net income grew 3.8% to $69.6 million. For the nine months ended September 30, home sales revenues decreased 6.0% to $1.6 billion, with closings down 9.6%. The company's active selling communities increased 30.2% year-over-year to 138. Based on current performance, LGI Homes updated its 2024 guidance, now expecting to close between 6,100 and 6,400 homes.
LGI Homes (NASDAQ: LGIH) reported closing 579 homes in September 2024, marking a 7.2% year-over-year increase. For the third quarter of 2024, the company closed a total of 1,757 homes. As of September 30, 2024, LGI Homes had 138 active selling communities.
The company announced it will release its financial results for Q3 2024 before the market opens on Tuesday, November 5, 2024. A conference call is scheduled for 12:30 p.m. Eastern Time on the same day to discuss the results. Investors can access the live audio webcast through the company's Investor Relations page, with an archive available for one year after the call.
LGI Homes has been named on Newsweek's list of the World's Most Trustworthy Companies 2024 for the second consecutive year. This recognition highlights the company's commitment to integrity and excellence in the homebuilding industry. The award, presented in collaboration with Statista, was based on an independent survey of over 70,000 participants across 23 industries in 20 countries.
Eric Lipar, Chairman and CEO of LGI Homes, expressed pride in the achievement, emphasizing its reflection of the company's strong culture and employee dedication. The survey evaluated companies with revenues over $500 million USD on three key aspects: Investor Trust, Customer Trust, and Employee Trust. This recognition reinforces LGI Homes' position as a leader in helping families achieve homeownership while maintaining high standards of trustworthiness.
LGI Homes (NASDAQ: LGIH) has launched its largest national sales event of the year, 'Make Your Move,' running through October 20th. The event offers special pricing and financing incentives on move-in ready homes for both LGI Homes and Terrata Homes brands. Key features include:
- Rate buydown assistance and builder-paid closing costs through LGI Mortgage Solutions
- Focus on making homeownership attainable for first-time buyers
- Opportunity for lower monthly payments and long-term savings
- Simplified buying process to enhance customer experience
CEO Eric Lipar emphasizes the event's significance in providing customers with substantial savings and value on new homes.
LGI Homes, Inc. (NASDAQ: LGIH) has reported its home closing figures for August 2024. The company successfully closed 610 homes during the month. As of August 31, 2024, LGI Homes maintained 132 active selling communities. This brief update provides insight into the company's recent performance in the housing market, offering a snapshot of its sales activity and community presence.
LGI Homes has announced the grand opening of Beverly, a new master-planned community located 30 minutes north of Vancouver, Washington. The community will include 389 single-family homes and townhomes at full buildout, with prices starting in the high $300's. Beverly offers 3 to 5-bedroom homes featuring LGI's CompleteHome™ and CompleteHome Plus™ packages.
Located in Battle Ground, Beverly provides convenient access to employers and attractions in Vancouver and Portland. The community includes a neighborhood park with a playground, pavilion, green space, and walking trails. Homes range from 1,112 to 2,332 square feet and include built-in designer upgrades such as white cabinets, polished countertops, and Whirlpool® appliances. LGI Homes aims to offer affordable, high-quality homes in a desirable location with abundant natural surroundings and recreational activities.
LGI Homes (NASDAQ: LGIH) has announced the opening of two new communities in Albuquerque: Villa De Marcos Gabriel and Legacy at Sierra Vista. These neighborhoods offer new construction homes starting in the low $300s, featuring 3-5 bedroom floor plans ranging from 1,200 to 2,200 square feet. Both communities boast convenient locations near major amenities, employers, and schools.
The homes come equipped with LGI Homes' CompleteHome™ package, which includes energy-efficient Whirlpool® appliances, granite countertops, designer wood cabinetry, luxury vinyl-plank flooring, and Wi-Fi-enabled garage doors at no additional cost. Move-in ready homes are now available for interested buyers.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of four new communities in the Dallas-Fort Worth area: Cresson Estates, Kingsborough, Retreat at Fossil Creek, and Southaven. These communities offer new construction homes starting in the high $200s, ranging from approximately 1,175 to 2,730 square feet with 3-5 bedrooms. Each community is strategically located, providing residents with a balance of tranquility and convenience.
The homes feature LGI Homes' CompleteHome™ or CompleteHome Plus™ packages, which include upgraded amenities such as energy-efficient Whirlpool® appliances, granite countertops, and Wi-Fi-enabled garage doors at no additional cost. Community amenities like clubhouses, pools, and playgrounds are also available. Move-in ready homes are now available for interested buyers.
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