LGI Homes, Inc. Reports November 2024 Home Closings
LGI Homes reported closing 531 homes in November 2024, which includes a bulk sale of 103 single-family rental homes. As of November 30, 2024, the company maintained 142 active selling communities.
LGI Homes ha riportato la chiusura di 531 abitazioni a novembre 2024, che include una vendita in blocco di 103 case unifamiliari in affitto. Al 30 novembre 2024, l'azienda ha mantenuto 142 comunità di vendita attive.
LGI Homes informó el cierre de 531 casas en noviembre de 2024, que incluye una venta a granel de 103 casas unifamiliares en alquiler. Hasta el 30 de noviembre de 2024, la empresa mantenía 142 comunidades de venta activas.
LGI Homes는 2024년 11월에 531채의 주택을 매각했다고 보고했습니다. 여기에는 103채의 단독 가족 임대 주택의 대량 판매가 포함됩니다. 2024년 11월 30일 기준으로, 회사는 142개의 활성 판매 커뮤니티를 유지하고 있습니다.
LGI Homes a rapporté la clôture de 531 maisons en novembre 2024, incluant une vente en gros de 103 maisons unifamiliales en location. Au 30 novembre 2024, la société maintenait 142 communautés de vente actives.
LGI Homes berichtete über den Abschluss von 531 Häusern im November 2024, einschließlich eines Großverkaufs von 103 Einfamilienvermietungswohnungen. Am 30. November 2024 hatte das Unternehmen 142 aktive Verkaufsgemeinschaften.
- Completed 531 home closings in November 2024
- Successfully executed bulk sale of 103 single-family rental homes
- Maintains substantial presence with 142 active selling communities
- None.
Insights
The November closings data from LGI Homes reveals meaningful operational insights. The 531 home closings, including a substantial 103-unit bulk sale to the single-family rental market, demonstrates the company's ability to execute in a challenging housing market. The bulk sale strategy helps maintain volume while potentially sacrificing some margin compared to retail sales. Excluding the bulk sale, the core retail closings of 428 units suggests a daily absorption rate of approximately 14.3 homes across their 142 active communities. The company's continued engagement with institutional buyers in the single-family rental space provides an additional revenue stream, though this typically comes at lower margins than retail sales. The active community count of 142 provides adequate inventory positioning for near-term growth opportunities.
THE WOODLANDS, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 531 homes in November 2024, including the bulk sale of 103 single-family rental homes.
As of November 30, 2024, the Company had 142 active selling communities.
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, 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 across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 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
Executive Vice President, Investor Relations and Capital Markets
(281) 210-2586
investorrelations@lgihomes.com
FAQ
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