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LGI Homes Reports July 2021 Home Closings

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LGI Homes reported substantial growth in home closings for July 2021, achieving 930 closings, a significant increase of 52.2% from 611 in July 2020. The company has closed a total of 6,347 homes in the first seven months of 2021, marking a 42.6% increase from 4,451 homes during the same period last year. As of July 31, 2021, LGI Homes operates 103 active selling communities.

Positive
  • 52.2% increase in July 2021 home closings compared to July 2020.
  • 42.6% year-over-year growth in home closings for the first seven months of 2021.
  • Operating 103 active selling communities as of July 31, 2021.
Negative
  • None.

THE WOODLANDS, Texas, Aug. 04, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 930 homes in July 2021, up from 611 homes closed in July 2020, representing year-over-year growth of 52.2%. The Company ended the first seven months of 2021 with 6,347 home closings, a 42.6% increase over 4,451 home closings during the first seven months of 2020.

As of July 31, 2021, the Company had 103 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, Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 18 years of homebuilding operations, over which time it has closed more than 50,000 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' closing figures for July 2021?

LGI Homes closed 930 homes in July 2021, a 52.2% increase from 611 homes in July 2020.

How many homes did LGI Homes close in the first seven months of 2021?

In the first seven months of 2021, LGI Homes closed 6,347 homes, a 42.6% increase from 4,451 homes in the same period in 2020.

How many active selling communities does LGI Homes have as of July 2021?

As of July 31, 2021, LGI Homes had 103 active selling communities.

LGI Homes, Inc.

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Residential Construction
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United States of America
THE WOODLANDS