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. (symbol: LGIH) is a premier homebuilder based in The Woodlands, Texas, dedicated to making homeownership dreams come true since 2003. Specializing in the design, construction, and sale of new homes, LGI Homes strategically places its beautiful new homes in amenity-rich communities near major metropolitan areas, offering the perfect blend of location, affordability, and lifestyle.
The company’s mission is to provide both first-time and long-time homebuyers with quality homes at affordable prices. This is achieved through an efficient business model where LGI Homes procures and develops its own land, allowing for significant cost savings that are passed directly to customers. The communities are situated close to urban centers, providing residents with the benefits of city life while enjoying the open space and lower costs of suburban living.
LGI Homes offers a variety of products including entry-level homes, move-up homes, and luxury series homes under the LGI Homes and Terrata Homes brands. Each community features a set number of floor plans with appealing upgrades such as granite countertops, modern appliances, and ceramic tile flooring. The company's operations are divided into seven segments: Central, Midwest, Southeast, Mid-Atlantic, Northwest, West, and Florida, with the majority of revenue generated from the Central division.
Recent achievements include robust balance sheet highlights, significant home sales revenue, increased average sales prices per home closed (ASP), and notable average monthly absorption rates. LGI Homes continues to expand its footprint with a substantial backlog of owned and controlled lots, ensuring a steady pipeline of new homes to meet market demand.
As a publicly traded company, LGI Homes is committed to transparency and providing shareholders with the latest updates on financial performance, community counts, and closing metrics by reportable segment. For more detailed information and the latest news, visit here.
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.
LGI Homes (NASDAQ: LGIH) reported its operational results for January 2025. The company achieved 219 home closings during the month. As of January 31, 2025, LGI Homes maintained 148 active selling communities across its operations.
LGI Homes (NASDAQ: LGIH) reported its home closings for December 2024 and full year performance. The company achieved 580 home closings in December, contributing to 1,636 total closings in Q4 2024 (including a bulk sale of 103 leased single-family homes in November). For the full year 2024, LGIH completed 6,131 home closings.
The company maintained 151 active selling communities as of December 31, 2024, meeting their guidance targets for both annual home closings and year-end active community count. The company plans to release its Q4 and full-year 2024 financial results before market opening on February 25, 2025, followed by a conference call at 12:30 p.m. Eastern Time.
LGI Homes (NASDAQ: LGIH) has announced the opening of Jennings Farm, a new gated community in Middleburg, Fla. Jennings Farm offers upgraded homes and amenities, reflecting the theme 'Where Joyful Living Begins'.
According to Joe Lamoureux, Vice President of Sales, the community aims to create an environment for families to thrive. Homes feature 3-5 bedrooms, ranging from 1,200 to over 2,900 sq ft, with modern finishes and the CompleteHomePlus™ package, which includes stainless steel appliances, granite countertops, recessed lighting, and smart-home technology, all included in the sales price.
Conveniently located off Highway 21, Jennings Farm provides easy access to shopping, dining, and schools, including Middleburg High School. A $3 million amenity center, set to open in 2025, will feature a pool, pickleball courts, a party lawn, and a dog park. Homes are priced from the mid-$300s, with move-in-ready options available now. Potential buyers can schedule a tour by calling (855) 617-4289 ext 779 or visiting LGIHomes.com/JenningsFarm. The Information Center is open 7 days a week.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Applewood, a new residential community in King, northwest of Winston-Salem. The development features five new floor plans with homes starting from the $290s, offering quick move-in options.
The community provides convenient access to various amenities, including Pilot Mountain State Park hiking trails and Robertson Berry Farm. Located near US-52, residents enjoy easy commuting to Winston-Salem along with proximity to shopping, dining, and entertainment options.
Each home comes equipped with the CompleteHome™ package, featuring premium upgrades at no additional cost, including:
- Stainless steel Whirlpool® kitchen appliances
- Granite countertops
- 36" upper cabinets with crown molding
- Energy-efficient features like programmable thermostats
- Double-pane Low-E vinyl windows
- Wi-Fi-enabled garage door openers
LGI Homes (NASDAQ: LGIH) has achieved a significant milestone by closing its 75,000th home. Founded in 2003, the company has maintained its mission of providing affordable homeownership alternatives to renting across the United States. Eric Lipar, Chairman and CEO, emphasized this achievement as a testament to the company's dedication and team passion.
The milestone highlights LGI Homes' successful execution of its core mission to make homeownership accessible while delivering value, quality, and exceptional customer service. The company attributes this achievement to its employees' and partners' commitment to their motto of 'changing lives, one home at a time' and maintains its focus on innovation and continued growth in the housing market.
LGI Homes (NASDAQ: LGIH) announces the opening of Choplin Farms, a new community in Nash County, featuring homes on half-acre to 1+ acre lots. Located 35 minutes from Downtown Raleigh, the community offers new floor plans ranging from 1,531 to 2,373 square feet, with three to four bedrooms and two to two-and-a-half baths. The lineup includes three one-story ranch-style plans with covered porches and rear decks, plus two two-story plans with flexible spaces.
All homes include the CompleteHome™ package featuring granite countertops, stainless steel appliances, and energy-efficient upgrades at no extra cost. Prices start from the mid-$300s. The community provides easy access to major employers, shopping, dining, and outdoor recreational areas including Buckhorn Lake.
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