LGI Homes, Inc. Reports August 2020 Home Closings

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) reported 669 home closings in August 2020, a slight decline from 677 closings in August 2019. However, the company achieved a significant growth overall, with 5,120 home closings in the first eight months of 2020, representing a 13.2% increase compared to 4,521 closings during the same period in 2019. As of August 2020, LGI Homes had 107 active selling communities, indicating robust operational capacity.

Positive

• Achieved 5,120 home closings in the first eight months of 2020, up 13.2% from 2019.
• Maintained a strong portfolio with 107 active selling communities.

Negative

• Reported a decline in home closings in August 2020 compared to August 2019 (669 vs. 677).

THE WOODLANDS, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 669 home closings in August 2020, compared to 677 home closings in August 2019. In addition, the Company ended the first eight months of 2020 with 5,120 home closings, a 13.2% increase over 4,521 home closings during the first eight months of 2019.

As of the end of August 2020, the Company had 107 active selling communities.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 40,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com.

Joshua Fattor, Vice President of Investor Relations
(281) 210-2619
InvestorRelations@LGIHomes.com

 

FAQ

What were LGIH's home closings in August 2020?

LGI Homes reported 669 home closings in August 2020.

How do LGIH's home closings in August 2020 compare to August 2019?

In August 2020, LGI Homes had 669 closings, down from 677 in August 2019.

What is the total number of home closings for LGIH in the first eight months of 2020?

LGI Homes had a total of 5,120 home closings in the first eight months of 2020.

What percentage increase did LGIH experience in home closings for the first eight months of 2020?

LGI Homes experienced a 13.2% increase in home closings for the first eight months of 2020 compared to the previous year.

How many active selling communities does LGIH have as of August 2020?

As of August 2020, LGI Homes had 107 active selling communities.