Company Description
LGI Homes, Inc. (NASDAQ: LGIH) is a homebuilding company focused on the design, construction and sale of new homes across multiple U.S. markets. Classified in the construction sector and associated with new single-family housing construction, the company builds and sells homes in planned communities and reports operations across several geographic segments.
According to company disclosures, LGI Homes offers entry-level homes, including both detached homes and townhomes, as well as move-up homes sold under the LGI Homes brand and luxury series homes sold under the Terrata Homes brand. The company offers a set number of floor plans in each community and highlights included upgrades such as granite countertops, appliances and ceramic tile flooring in its product offerings. LGI Homes aggregates its operating regions into five reportable segments, which include Central, Southeast, Northwest, West and Florida, and it indicates that a significant portion of its home sales revenue is generated from the Central division.
Business model and operating footprint
LGI Homes describes itself as a pioneer in the homebuilding industry, applying a systematic approach to the design, construction and sale of homes. The company focuses on dedicated communities where it offers a curated selection of floor plans and move-in-ready homes. It reports that it operates in 36 markets across 21 states and has been active in more than one hundred selling communities at various times, reflecting a multi-region footprint within the United States.
The company emphasizes a unique operating model centered on making the dream of homeownership a reality for families across the nation. In its communications, LGI Homes notes that it has closed tens of thousands of homes since its founding and that it has delivered profitable financial results in each year since inception. It also reports that it has more than 1,000 employees supporting its operations.
Product offerings and brands
LGI Homes’ core offerings include:
- Entry-level homes: Detached homes and townhomes positioned for first-time or early-stage buyers, sold under the LGI Homes brand.
- Move-up homes: Homes targeted at buyers seeking additional space or features, also sold under the LGI Homes brand.
- Luxury series homes: Higher-end homes sold under the Terrata Homes brand, which is described as the company’s luxury brand.
In addition to traditional for-sale homes, LGI Homes discloses that some of its closings involve currently or previously leased single-family rental homes, indicating that a portion of its activity includes homes that have been leased prior to or at the time of closing.
Community features and home characteristics
The company highlights that its communities often feature a limited set of standardized floor plans, which can include a range of included upgrades. Examples described in its announcements include energy-efficient Whirlpool appliances, granite countertops, upper wood cabinetry with crown molding, programmable thermostats, Low-E vinyl or double-pane windows, Wi-Fi-enabled garage door openers, luxury vinyl plank or engineered wood flooring, designer light fixtures and covered outdoor living spaces. These features are often bundled into what LGI Homes refers to as its CompleteHome package in certain communities.
LGI Homes’ communities can include single-family homes and townhomes. In some locations, the company has introduced multiple floor plans within a single community, with variations in bedroom and bathroom counts, garages and square footage. The company also notes that some homes include unfinished basements, open-concept layouts, lofts, game rooms or flex rooms, reflecting a range of designs tailored to different household needs.
Geographic segments and markets
LGI Homes reports that it operates through multiple geographic segments, which it aggregates into five reportable segments: Central, Southeast, Northwest, West and Florida. It discloses home sales revenues, home closings, average sales prices, average community counts and community counts at the end of reporting periods for each of these segments. The Central segment is identified as a major contributor to home sales revenues.
The company’s news releases reference activity in several specific markets, including communities in Florida, Utah and Minnesota, illustrating its presence in both Sun Belt and other regions. LGI Homes also reports that it is headquartered in The Woodlands, Texas, underscoring its base in a region with significant homebuilding activity.
Corporate profile and recognition
LGI Homes states that it was founded in 2003 and that since that time it has closed over 75,000 homes, and in more recent disclosures, over 80,000 homes. The company notes that it has delivered profitable financial results every year since its founding. It describes itself as one of America’s fastest growing companies and emphasizes that it applies an innovative and systematic approach to homebuilding and sales.
The company highlights several forms of external recognition. It reports that it has been named to Newsweek’s list of the World’s Most Trustworthy Companies. It also notes that its commitment to its more than 1,000 employees has resulted in numerous workplace awards at local, state and national levels, including the Top Workplaces USA 2025 Award. LGI Homes also emphasizes national recognition for quality construction and customer service.
Stock information and regulatory reporting
LGI Homes’ common stock trades on the NASDAQ under the ticker symbol LGIH. As a public company, it files periodic and current reports with the U.S. Securities and Exchange Commission (SEC), including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. For example, the company has filed Form 8-K reports to furnish press releases announcing financial results for specific quarters and periods.
These filings provide detailed information on home sales revenues, home closings, average sales prices, gross margins, adjusted gross margins, net income, liquidity, debt levels, community counts, backlog and other financial and operational metrics. They also include discussions of risk factors, non-GAAP measures and forward-looking statements related to expected home closings, community counts, margins and other aspects of the business.
Industry context
Within the construction sector, LGI Homes is associated with new single-family housing construction. The company’s activities include acquiring and developing lots, constructing homes and selling them to homebuyers. Its disclosures reference factors such as land positions, lot counts, active selling communities and backlog, which are common metrics in the homebuilding industry.
LGI Homes’ communications also reference broader themes such as affordability, attainable housing solutions and demographic trends that support demand for entry-level homes. The company notes that it focuses on meeting buyers at a monthly payment level where they are able and willing to transact, and it emphasizes its attention to managing inventory, driving leads and executing sales initiatives.
Scale and operating metrics
LGI Homes periodically reports home closings, active selling community counts and backlog. For example, it has disclosed quarterly home closings in the thousands, active selling communities in the low hundreds and backlog measured in both units and dollar value. It also reports total owned and controlled lots, liquidity levels and net debt to capital ratios, illustrating the scale of its land holdings and capital structure.
These metrics, together with segment-level data, provide insight into the company’s geographic diversification, pricing, absorption rates and growth trajectory. While specific figures change over time, the recurring disclosure of such metrics underscores the company’s focus on disciplined execution and measured expansion across its operating footprint.
Terrata Homes division
Terrata Homes is described as a division of LGI Homes and as the company’s luxury brand. Communications regarding Terrata Homes highlight communities that offer acreage homesites, limited-release neighborhoods and homes with modern finishes and designer upgrades included as standard. Terrata Homes-branded communities emphasize features such as stainless steel kitchen appliances, quartz countertops, engineered wood flooring, designer fixtures and covered outdoor living spaces, with options for three to five bedrooms and multiple bathrooms.
This luxury positioning complements LGI Homes’ broader focus on entry-level and move-up buyers, allowing the company to participate in higher price points and different lifestyle segments while maintaining a consistent emphasis on included upgrades and move-in-ready homes.
Commitment to homebuyers and employees
Across its communications, LGI Homes consistently emphasizes a commitment to making homeownership accessible and to delivering quality construction and customer service. The company describes its purchasing process as streamlined and highlights simplified homebuying experiences, builder-paid closing costs in certain communities and incentives offered during national sales events.
LGI Homes also underscores its focus on its workforce, citing numerous workplace awards and recognition for its culture. This dual emphasis on customer experience and employee engagement is presented as a core element of its operating model and long-term strategy.