LGI Homes Reports October 2020 Home Closings

Rhea-AI Summary

LGI Homes, Inc. (NASDAQ: LGIH) reported 818 home closings in October 2020, marking a 14.4% increase from 715 closings in October 2019. For the first ten months of 2020, home closings reached 6,749, up 14.6% from 5,890 in the same period of 2019. The company currently operates 111 active selling communities. LGI Homes has been recognized as the 10th largest residential builder in the U.S. since 2018 and boasts over 40,000 homes closed in its 17-year history.

Positive

• 14.4% year-over-year increase in home closings for October 2020.
• 14.6% increase in home closings year-to-date for 2020.
• Currently operating 111 active selling communities.

Negative

• None.

THE WOODLANDS, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced 818 home closings in October 2020, up from 715 home closings in October 2019, representing year-over-year growth of 14.4%. In addition, the Company ended the first ten months of 2020 with 6,749 home closings, a 14.6% increase over 5,890 home closings during the first ten months of 2019.

As of the end of October 2020, the Company had 111 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 and Virginia. Since 2018, LGI Homes has been ranked as the 10^th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 40,000 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' home closings in October 2020?

LGI Homes had 818 home closings in October 2020.

What is the year-over-year growth of home closings for LGI Homes in October 2020?

The year-over-year growth for LGI Homes in October 2020 was 14.4%.

How many home closings did LGI Homes have in the first ten months of 2020?

In the first ten months of 2020, LGI Homes had 6,749 home closings.

How does LGI Homes' performance in 2020 compare to 2019?

In 2020, LGI Homes saw a 14.6% increase in home closings compared to the same period in 2019.

How many active selling communities does LGI Homes operate?

LGI Homes operates 111 active selling communities as of the end of October 2020.