LGI Homes, Inc. Reports October 2024 Home Closings
LGI Homes reported closing 525 homes in October 2024. As of October 31, 2024, the company maintained 138 active selling communities.
LGI Homes ha riportato la chiusura di 525 abitazioni a ottobre 2024. Al 31 ottobre 2024, l'azienda gestiva 138 comunità in vendita attive.
LGI Homes reportó el cierre de 525 casas en octubre de 2024. Al 31 de octubre de 2024, la compañía mantenía 138 comunidades de venta activas.
LGI Homes는 2024년 10월에 525채의 주택을 마감했다고 보고했습니다. 2024년 10월 31일 기준으로 회사는 138개의 활성 판매 커뮤니티를 유지하고 있었습니다.
LGI Homes a annoncé la fermeture de 525 maisons en octobre 2024. Au 31 octobre 2024, l'entreprise maintenait 138 communautés de vente actives.
LGI Homes berichtete über den Abschluss von 525 Häusern im Oktober 2024. Am 31. Oktober 2024 unterhielt das Unternehmen 138 aktive Verkaufscommunities.
- Delivered 525 home closings in October 2024
- Maintains substantial presence with 138 active selling communities
- None.
Insights
The October closings of 525 homes represents a significant operational metric for LGI Homes. This monthly performance data provides important insight into the company's sales momentum amid challenging market conditions with elevated mortgage rates. For context, this figure helps track the company's progress toward their annual delivery targets and cash flow generation. The 138 active selling communities indicates the company's current market presence and potential for future revenue generation.
The housing market continues to face headwinds from high interest rates and affordability concerns, making these closing numbers particularly relevant for evaluating LGIH's execution in a difficult environment. Monthly closing data helps gauge the company's operational efficiency and market adaptation strategies in response to these challenges.
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 525 homes in October 2024.
As of October 31, 2024, the Company had 138 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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