LGI Homes Opens Two New Communities in the Albuquerque Market
LGI Homes (NASDAQ: LGIH) has announced the opening of two new communities in Albuquerque: Villa De Marcos Gabriel and Legacy at Sierra Vista. These neighborhoods offer new construction homes starting in the low $300s, featuring 3-5 bedroom floor plans ranging from 1,200 to 2,200 square feet. Both communities boast convenient locations near major amenities, employers, and schools.
The homes come equipped with LGI Homes' CompleteHome™ package, which includes energy-efficient Whirlpool® appliances, granite countertops, designer wood cabinetry, luxury vinyl-plank flooring, and Wi-Fi-enabled garage doors at no additional cost. Move-in ready homes are now available for interested buyers.
LGI Homes (NASDAQ: LGIH) ha annunciato l'apertura di due nuove comunità ad Albuquerque: Villa De Marcos Gabriel e Legacy at Sierra Vista. Questi quartieri offrono case di nuova costruzione a partire da prezzi inferiori ai 300.000 dollari, con piani abitativi da 3 a 5 camere da letto che variano da 1.200 a 2.200 piedi quadrati. Entrambe le comunità vantano posizioni convenienti vicino a importanti servizi, datori di lavoro e scuole.
Le case sono dotate del CompleteHome™ package di LGI Homes, che include elettrodomestici Whirlpool® ad alta efficienza energetica, piani in granito, armadi in legno di design, pavimenti in vinile di lusso e porte da garage abilitate Wi-Fi senza costi aggiuntivi. Le case pronte per essere abitate sono ora disponibili per gli acquirenti interessati.
LGI Homes (NASDAQ: LGIH) ha anunciado la apertura de dos nuevas comunidades en Albuquerque: Villa De Marcos Gabriel y Legacy at Sierra Vista. Estas vecindades ofrecen casas de nueva construcción con precios a partir de los 300,000 dólares, con planes de 3 a 5 habitaciones que varían de 1,200 a 2,200 pies cuadrados. Ambas comunidades cuentan con ubicaciones convenientes cerca de servicios importantes, empleadores y escuelas.
Las casas vienen equipadas con el CompleteHome™ package de LGI Homes, que incluye electrodomésticos Whirlpool® de alta eficiencia energética, encimeras de granito, gabinetes de madera de diseño, pisos de vinilo de lujo y puertas de garaje habilitadas para Wi-Fi sin costo adicional. Las casas listas para mudarse ya están disponibles para los compradores interesados.
LGI Homes (NASDAQ: LGIH)는 앨버커키에 두 개의 새로운 커뮤니티인 Villa De Marcos Gabriel와 Legacy at Sierra Vista의 개장을 발표했습니다. 이 지역은 저렴한 가격의 새로운 주택을 제공하며, 3-5개의 침실이 있는 평면이 1,200에서 2,200평방피트 사이입니다. 두 커뮤니티 모두 주요 편의시설, 고용주 및 학교와 가까운 편리한 위치를 자랑합니다.
주택에는 LGI Homes의 CompleteHome™ package가 장착되어 있어, 고효율의 Whirlpool® 가전제품, 화강암 주방 조리대, 디자이너 목재 캐비닛, 고급 비닐 바닥재 및 Wi-Fi 지원 차고 문을 추가 비용 없이 포함하고 있습니다. 지금 입주할 준비가 된 주택이 관심 있는 구매자를 위해 제공되고 있습니다.
LGI Homes (NASDAQ: LGIH) a annoncé l'ouverture de deux nouvelles communautés à Albuquerque : Villa De Marcos Gabriel et Legacy at Sierra Vista. Ces quartiers proposent des maisons neuves à partir de prix inférieurs à 300 000 dollars, avec des plans de 3 à 5 chambres allant de 1 200 à 2 200 pieds carrés. Les deux communautés bénéficient d'emplacements pratiques à proximité de services majeurs, d'employeurs et d'écoles.
Les maisons sont équipées du CompleteHome™ package de LGI Homes, qui comprend des appareils Whirlpool® écoénergétiques, des plans de travail en granit, des armoires en bois design, des revêtements de sol en vinyle de luxe et des portes de garage connectées au Wi-Fi sans coût supplémentaire. Des maisons prêtes à emménager sont désormais disponibles pour les acheteurs intéressés.
LGI Homes (NASDAQ: LGIH) hat die Eröffnung von zwei neuen Gemeinschaften in Albuquerque bekannt gegeben: Villa De Marcos Gabriel und Legacy at Sierra Vista. Diese Nachbarschaften bieten neu gebaute Häuser zu Preisen ab 300.000 Dollar an, mit Grundrissen für 3-5 Schlafzimmer, die von 1.200 bis 2.200 Quadratfuß reichen. Beide Gemeinschaften bieten eine günstige Lage in der Nähe von wichtigen Annehmlichkeiten, Arbeitgebern und Schulen.
Die Häuser sind mit dem CompleteHome™ package von LGI Homes ausgestattet, das energieeffiziente Whirlpool®-Geräte, Granit-Arbeitsplatten, Designer-Holzschränke, luxuriöse Vinylplankenböden und WLAN-fähige Garagentore ohne zusätzliche Kosten umfasst. Einziehen bereite Häuser sind jetzt für interessierte Käufer verfügbar.
- Expansion into new markets with two community openings
- Competitive pricing starting in the low $300s
- Inclusion of CompleteHome™ package with premium features at no additional cost
- Strategic locations near amenities, employers, and schools
- None.
Insights
The opening of Villa De Marcos Gabriel and Legacy at Sierra Vista by LGI Homes in Albuquerque represents a strategic expansion in a growing market. With prices starting in the
The inclusion of the CompleteHome™ package at no additional cost is a strong value proposition, differentiating LGI Homes from competitors. This could lead to faster sales and potentially higher margins. However, the current high-interest rate environment may impact affordability and slow sales velocity. Overall, this expansion aligns with LGI Homes' growth strategy but success will depend on local market conditions and the company's ability to manage construction costs effectively.
LGI Homes' expansion in Albuquerque taps into a market with potential for growth. The median home price in Albuquerque is around
The variety of floor plans (3-5 bedrooms, 1,200 to 2,200 square feet) caters to diverse family sizes and preferences, potentially widening the customer base. The emphasis on move-in ready homes with upgraded features addresses the current market trend of buyers preferring turnkey properties. However, the success of these communities will largely depend on Albuquerque's job market stability and overall economic growth, which investors should monitor closely.
While this expansion demonstrates LGI Homes' continued growth strategy, its financial impact may be in the short term. The company's focus on affordable housing could provide some resilience in a challenging market, but rising interest rates may pressure margins and sales velocity. Investors should watch for updates on absorption rates and average selling prices in upcoming earnings calls.
The CompleteHome™ package, while attractive to buyers, may impact gross margins if material costs increase. However, if it accelerates sales, it could improve inventory turnover and return on assets. LGI's ability to manage construction costs and maintain pricing power in this new market will be crucial. Overall, this expansion aligns with LGI's business model but its success will depend on execution and market conditions.
ALBUQUERQUE, N.M., Aug. 09, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the opening of its latest communities, Villa De Marcos Gabriel and Legacy at Sierra Vista, in the Albuquerque market. These exceptional new neighborhoods offer stunning new construction homes, with prices starting in the low
Villa De Marcos Gabriel is ideally situated in Stinson Tower, providing residents with quick and easy access to a wide array of big-city amenities. This charming community is conveniently located near numerous employers, parks, recreation centers and other local attractions.
Legacy at Sierra Vista offers a serene living environment paired with convenient access to major city amenities. Located near I-25, this beautiful community is near various employers, top-rated schools, parks, recreation centers and other local conveniences.
Both communities feature an impressive selection of floor plans, ranging from three to five bedrooms. Designed with growing families in mind, these move-in ready homes are equipped with designer upgrades and features. The homes range from just under 1,200 square feet to over 2,200 square feet and include chef-ready kitchens, spacious family rooms, two-car garages, ample storage space and LGI Homes' highly coveted CompleteHome™ package.
The CompleteHome™ package offers exceptional interior upgrades, including a full suite of energy-efficient Whirlpool® appliances, beautiful granite countertops, designer wood cabinetry with crown molding detail, luxury vinyl-plank flooring and Wi-Fi-enabled garage doors, all at no additional cost.
Move-in ready, upgraded homes are now available. For more information or to schedule a tour, interested homebuyers are encouraged to visit LGIHomes.com/Albuquerque.
About LGI Homes
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 America’s Most Trustworthy Companies for the second consecutive year. 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.
MEDIA CONTACT:
Rachel Eaton
(281) 362-8998 ext. 2560
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d92f102-832d-4370-8691-26e4ba11199e
FAQ
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