LGI Homes, Inc. Reports January 2021 Home Closings

Rhea-AI Summary

LGI Homes, Inc. (NASDAQ: LGIH) reported significant growth with 650 home closings in January 2021, marking a 49.8% increase compared to 434 closings in January 2020. As of the end of January 2021, the company operated 106 active selling communities. With a notable presence across several states, LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018, having closed over 45,000 homes in its 17-year history.

Positive

• 650 home closings in January 2021, up 49.8% YOY.
• 106 active selling communities at the end of January 2021.
• Ranked 10th largest residential builder in the U.S. since 2018.

Negative

• None.

THE WOODLANDS, Texas, Feb. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 650 home closings in January 2021, up from 434 home closings in January 2020, representing year-over-year growth of 49.8%.

As of the end of January 2021, the Company had 106 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 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 January 2021?

LGI Homes reported 650 home closings in January 2021.

How much did LGI Homes' home closings increase from January 2020?

Home closings increased by 49.8% from January 2020.

How many active selling communities does LGI Homes have?

As of January 2021, LGI Homes had 106 active selling communities.

What is LGI Homes' ranking among residential builders in the U.S.?

LGI Homes is ranked as the 10th largest residential builder in the U.S. since 2018.

How many homes has LGI Homes closed in its history?

LGI Homes has closed over 45,000 homes in its 17-year history.