LGI Homes Reports Record August 2021 Home Closings

Rhea-AI Summary

LGI Homes reported strong performance for August 2021, closing 776 homes, a 16.0% increase from 669 homes closed in August 2020. For the year-to-date, the company recorded 7,123 home closings, marking a 39.1% rise compared to 5,120 home closings in the same period last year. As of the end of August 2021, LGI Homes operates 102 active selling communities. The company maintains a robust presence, being one of the fastest-growing residential builders in the U.S., with over 50,000 homes closed in 18 years.

Positive

• 776 homes closed in August 2021, a 16% increase year-over-year.
• 7,123 home closings year-to-date, up 39.1% from last year.
• 102 active selling communities as of August 31, 2021.

Negative

• None.

THE WOODLANDS, Texas, Sept. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 776 homes in August 2021, up from 669 homes closed in August 2020, representing year-over-year growth of 16.0%. The Company ended the first eight months of 2021 with 7,123 home closings, a 39.1% increase over 5,120 home closings during the first eight months of 2020.

As of August 31, 2021, the Company had 102 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 18 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 19 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 2021 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) 210-2619
investorrelations@lgihomes.com

FAQ

What were the closing numbers for LGIH in August 2021?

LGI Homes closed 776 homes in August 2021, a 16% increase from August 2020.

How did LGI Homes perform year-to-date in 2021?

As of August 2021, LGI Homes recorded 7,123 home closings, reflecting a 39.1% increase compared to 5,120 home closings during the same period in 2020.

How many active selling communities does LGI Homes have?

As of August 31, 2021, LGI Homes had 102 active selling communities.