Welcome to our dedicated page for Lgi Homes news (Ticker: LGIH), a resource for investors and traders seeking the latest updates and insights on Lgi Homes stock.
LGI Homes, Inc. (NASDAQ: LGIH) is an established homebuilder focused on the design, construction and sale of new homes, and its news flow offers insight into both operational performance and community development activity. Regular press releases cover home closings by month and quarter, active selling community counts and segment-level performance, giving investors and observers a detailed view of how many homes the company is delivering and where it is concentrating its efforts.
News items frequently highlight quarterly and year-to-date financial results, including home sales revenues, home closings, average sales prices, gross margins, adjusted gross margins, backlog and liquidity metrics. These updates are often paired with commentary from management on strategy, demand for entry-level and attainable housing and expectations for future closings and community counts.
Beyond earnings-related announcements, LGI Homes publishes news on new community openings and product launches. Recent examples include new single-family communities in Florida, new floor plans in Utah and townhome communities in Minnesota, as well as limited-release luxury communities offered through its Terrata Homes division. Such releases describe floor plans, included upgrades, community amenities and pricing ranges, giving context on the company’s product mix and geographic reach.
The company also announces national sales events and promotional campaigns, outlining incentives, financing opportunities and builder-paid closing cost offers across LGI Homes and Terrata Homes communities. Together, these news updates provide a comprehensive view of LGI Homes’ growth, community pipeline and positioning in the U.S. homebuilding market, making the LGIH news page a useful resource for tracking the company’s ongoing activity.
LGI Homes has been named on Newsweek's list of the World's Most Trustworthy Companies 2024 for the second consecutive year. This recognition highlights the company's commitment to integrity and excellence in the homebuilding industry. The award, presented in collaboration with Statista, was based on an independent survey of over 70,000 participants across 23 industries in 20 countries.
Eric Lipar, Chairman and CEO of LGI Homes, expressed pride in the achievement, emphasizing its reflection of the company's strong culture and employee dedication. The survey evaluated companies with revenues over $500 million USD on three key aspects: Investor Trust, Customer Trust, and Employee Trust. This recognition reinforces LGI Homes' position as a leader in helping families achieve homeownership while maintaining high standards of trustworthiness.
LGI Homes (NASDAQ: LGIH) has launched its largest national sales event of the year, 'Make Your Move,' running through October 20th. The event offers special pricing and financing incentives on move-in ready homes for both LGI Homes and Terrata Homes brands. Key features include:
- Rate buydown assistance and builder-paid closing costs through LGI Mortgage Solutions
- Focus on making homeownership attainable for first-time buyers
- Opportunity for lower monthly payments and long-term savings
- Simplified buying process to enhance customer experience
CEO Eric Lipar emphasizes the event's significance in providing customers with substantial savings and value on new homes.
LGI Homes, Inc. (NASDAQ: LGIH) has reported its home closing figures for August 2024. The company successfully closed 610 homes during the month. As of August 31, 2024, LGI Homes maintained 132 active selling communities. This brief update provides insight into the company's recent performance in the housing market, offering a snapshot of its sales activity and community presence.
LGI Homes has announced the grand opening of Beverly, a new master-planned community located 30 minutes north of Vancouver, Washington. The community will include 389 single-family homes and townhomes at full buildout, with prices starting in the high $300's. Beverly offers 3 to 5-bedroom homes featuring LGI's CompleteHome™ and CompleteHome Plus™ packages.
Located in Battle Ground, Beverly provides convenient access to employers and attractions in Vancouver and Portland. The community includes a neighborhood park with a playground, pavilion, green space, and walking trails. Homes range from 1,112 to 2,332 square feet and include built-in designer upgrades such as white cabinets, polished countertops, and Whirlpool® appliances. LGI Homes aims to offer affordable, high-quality homes in a desirable location with abundant natural surroundings and recreational activities.
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) has announced the grand opening of four new communities in the Dallas-Fort Worth area: Cresson Estates, Kingsborough, Retreat at Fossil Creek, and Southaven. These communities offer new construction homes starting in the high $200s, ranging from approximately 1,175 to 2,730 square feet with 3-5 bedrooms. Each community is strategically located, providing residents with a balance of tranquility and convenience.
The homes feature LGI Homes' CompleteHome™ or CompleteHome Plus™ packages, which include upgraded amenities such as energy-efficient Whirlpool® appliances, granite countertops, and Wi-Fi-enabled garage doors at no additional cost. Community amenities like clubhouses, pools, and playgrounds are also available. Move-in ready homes are now available for interested buyers.
LGI Homes, Inc. (NASDAQ: LGIH) reported closing 568 homes in July 2024. As of July 31, 2024, the company maintained 130 active selling communities. This brief press release provides insight into LGI Homes' recent performance in the housing market, offering a snapshot of their monthly home closings and community presence.
LGI Homes (NASDAQ: LGIH) reported strong Q2 2024 results and updated its full-year guidance. Key highlights include:
- Home sales revenues of $602.5 million with 1,655 home closings
- Average sales price of $364,047 per home
- Gross margin of 25.0%, up 300 basis points year-over-year
- Net income of $58.6 million, or $2.48 diluted EPS
- Active selling communities increased to 128, up 25.5% from last year
The company raised its 2024 guidance, now expecting to close between 6,400 and 7,200 homes at an average selling price of $360,000 to $370,000. Gross margin guidance was increased to 23.5%-24.5%.
LGI Homes (NASDAQ: LGIH) announced the closure of 571 homes in June 2024, and a total of 1,655 homes during the second quarter of 2024. By June 30, 2024, LGI Homes had 128 active selling communities. The company will release detailed financial results for Q2 on July 30, 2024, before market opening. A conference call will follow at 12:30 p.m. Eastern Time to discuss the results, with a live audio webcast accessible via the Investor Relations page on their website. The webcast will be archived for replay for one year.
For the second consecutive year, LGI Homes (NASDAQ:LGIH) has been named one of the Best Companies to Work For by U.S. News & World Report for 2024-2025. The recognition is based on attributes such as quality of pay, stability, and comfort. LGI Homes excelled in the Construction industry and the South Region of the United States. Eric Lipar, Chairman and CEO, attributed this achievement to the company's dedication to creating a positive workplace. The U.S. News ratings consider factors like work-life balance, benefits, job stability, and career development. The 2024-2025 list expanded to 549 companies and incorporates employee sentiment data from partners like Revelio Labs and Good Jobs First.
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