LGI Homes Reports July 2022 Home Closings

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) reported the closing of 469 homes in July 2022, showcasing a strong performance in the residential market. As of the end of July, the company maintained 93 active selling communities across 20 states, validating its expansive reach and operational capacity. With a legacy of over 50,000 homes closed and consistent profitability since its inception, LGI Homes is ranked as the 10th largest residential builder in the U.S. The company's commitment to quality and customer service has earned it multiple workplace awards.

Positive

• Closed 469 homes in July 2022.
• Maintained 93 active selling communities.
• Ranked 10th largest residential builder in the U.S.
• Profitable every year since inception.

Negative

• None.

THE WOODLANDS, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 469 homes in July 2022.

As of July 31, 2022, the Company had 93 active selling communities.

About LGI Homes, Inc.

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. As one of America’s fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 20 states and, since 2018, has been ranked as the 10^th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes’ commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA’s 2022 Cultural Excellence 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
Vice President of Investor Relations
(281) 210-2586
investorrelations@lgihomes.com

FAQ

How many homes did LGI Homes close in July 2022?

LGI Homes closed 469 homes in July 2022.

How many active selling communities does LGI Homes have?

As of July 31, 2022, LGI Homes had 93 active selling communities.

What is LGI Homes' ranking among U.S. residential builders?

LGI Homes is ranked as the 10th largest residential builder in the U.S.