LGI Homes, Inc. Reports July 2020 Home Closings

Rhea-AI Summary

LGI Homes, Inc. (NASDAQ: LGIH) reported 611 home closings in July 2020, down from 672 in July 2019. However, for the first seven months of 2020, home closings rose by 15.8%, totaling 4,451 compared to 3,844 during the same period in 2019. As of July 2020, LGI Homes operated 111 active selling communities, continuing to solidify its position as the 10th largest residential builder in the U.S. The company has a legacy of over 17 years, closing more than 40,000 homes. For further details, visit LGIHomes.com.

Positive

• 15.8% increase in home closings over the first seven months of 2020 compared to 2019.
• Total home closings for the first seven months reached 4,451.
• Maintained position as the 10th largest residential builder in the U.S.

Negative

• July 2020 home closings decreased to 611 from 672 in July 2019.

THE WOODLANDS, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 611 home closings in July 2020, compared to 672 home closings in July 2019. In addition, the Company ended the first seven months of 2020 with 4,451 home closings, a 15.8% increase over 3,844 home closings during the first seven months of 2019.

As of the end of July 2020, the Company had 111 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. LGI Homes secured its place as the 10^th largest residential builder in United States in 2018 based on units closed and remains there today. 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 LGI Homes' home closings in July 2020?

LGI Homes reported 611 home closings in July 2020.

How do LGI Homes' July 2020 closings compare to July 2019?

The company closed 611 homes in July 2020, down from 672 closings in July 2019.

What is the percentage increase in home closings for LGI Homes in 2020?

There was a 15.8% increase in home closings for the first seven months of 2020 compared to the same period in 2019.

How many active selling communities does LGI Homes have?

As of July 2020, LGI Homes had 111 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.