LGI Homes, Inc. Reports February 2023 Home Closings

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) announced the closing of 506 homes in February 2023, demonstrating continued growth in the housing market. As of February 28, 2023, the company operates 97 active selling communities across 20 states. With a strong legacy of over 50,000 homes closed and consistent profitability for more than 19 years, LGI Homes ranks as the 10th largest residential builder in the U.S. The firm is recognized for quality construction and exceptional customer service, with accolades including the 2022 Cultural Excellence Award from Top Workplaces USA.

Positive

• Closed 506 homes in February 2023, indicating strong sales activity.
• Operates 97 active selling communities as of February 2023.
• Ranked as the 10th largest residential builder in the U.S. based on units closed.
• Consistent profitability for over 19 years.
• Recognized for quality construction and customer service.

Negative

• None.

THE WOODLANDS, Texas, March 03, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 506 homes in February 2023.

As of February 28, 2023, the Company had 97 active selling communities.

About LGI Homes, Inc.

LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America’s fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 20 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes’ commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA’s 2022 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2586
investorrelations@lgihomes.com

FAQ

What were LGI Homes' sales figures for February 2023?

LGI Homes closed 506 homes in February 2023.

How many active selling communities does LGI Homes have?

As of February 28, 2023, LGI Homes had 97 active selling communities.

What is LGI Homes' ranking in the U.S. residential building sector?

LGI Homes is ranked as the 10th largest residential builder in the U.S. based on units closed.

How long has LGI Homes been profitable?

LGI Homes has been profitable every year for over 19 years.

What recognition has LGI Homes received for its workplace culture?

LGI Homes received the 2022 Cultural Excellence Award from Top Workplaces USA.