LGI Homes, Inc. Reports February 2021 Home Closings

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) reported 764 home closings in February 2021, marking a 26.1% increase from 606 closings in February 2020. In total, the company has closed 1,414 homes during the first two months of 2021, representing a 36.0% growth compared to 1,040 closings in the same period last year. By the end of February 2021, LGI Homes operated 103 active selling communities across various states. With over 45,000 homes closed since its inception, LGI Homes is a leading player in the U.S. residential building market.

Positive

• 764 home closings in February 2021, up 26.1% from February 2020.
• 1,414 home closings in the first two months of 2021, a 36.0% increase year-over-year.
• 103 active selling communities as of February 2021.

Negative

• None.

THE WOODLANDS, Texas, March 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 764 home closings in February 2021, up from 606 home closings in February 2020, representing year-over-year growth of 26.1%. The Company ended the first two months of 2021 with 1,414 home closings, a 36.0% increase over 1,040 home closings during the first two months of 2020.

As of the end of February 2021, the Company had 103 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, Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as the 10^th 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 45,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.lgihomes.com.

CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2619
investorrelations@lgihomes.com

FAQ

What were LGI Homes' home closings in February 2021?

LGI Homes reported 764 home closings in February 2021.

How much did LGI Homes' closings increase compared to February 2020?

Closings increased by 26.1% compared to February 2020.

What is the total number of home closings by LGI Homes in the first two months of 2021?

The total number of home closings in the first two months of 2021 was 1,414.

How many active selling communities did LGI Homes have at the end of February 2021?

LGI Homes had 103 active selling communities at the end of February 2021.