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. (symbol: LGIH) is a premier homebuilder based in The Woodlands, Texas, dedicated to making homeownership dreams come true since 2003. Specializing in the design, construction, and sale of new homes, LGI Homes strategically places its beautiful new homes in amenity-rich communities near major metropolitan areas, offering the perfect blend of location, affordability, and lifestyle.
The company’s mission is to provide both first-time and long-time homebuyers with quality homes at affordable prices. This is achieved through an efficient business model where LGI Homes procures and develops its own land, allowing for significant cost savings that are passed directly to customers. The communities are situated close to urban centers, providing residents with the benefits of city life while enjoying the open space and lower costs of suburban living.
LGI Homes offers a variety of products including entry-level homes, move-up homes, and luxury series homes under the LGI Homes and Terrata Homes brands. Each community features a set number of floor plans with appealing upgrades such as granite countertops, modern appliances, and ceramic tile flooring. The company's operations are divided into seven segments: Central, Midwest, Southeast, Mid-Atlantic, Northwest, West, and Florida, with the majority of revenue generated from the Central division.
Recent achievements include robust balance sheet highlights, significant home sales revenue, increased average sales prices per home closed (ASP), and notable average monthly absorption rates. LGI Homes continues to expand its footprint with a substantial backlog of owned and controlled lots, ensuring a steady pipeline of new homes to meet market demand.
As a publicly traded company, LGI Homes is committed to transparency and providing shareholders with the latest updates on financial performance, community counts, and closing metrics by reportable segment. For more detailed information and the latest news, visit here.
LGI Homes (NASDAQ: LGIH) has officially opened its new community, Avondale North, located in Conyers, Georgia, just southeast of Atlanta. This community features a variety of amenities including a park, playground, splash pad, and sports courts, designed to cater to modern family needs. The new homes range from three to four bedrooms, priced from the low-$300s, and come with LGI’s CompleteHome™ interior package, which includes upscale features like granite countertops and energy-efficient appliances at no extra charge. LGI Homes has a proven track record of success, having closed over 50,000 homes and consistently profitable for over 19 years.
LGI Homes, Inc. has launched a new section at Hidden Valley Farm, located near Fort Collins, offering single-family homes starting in the $480,000s. This new community features a selection of both one- and two-story homes with 3 to 5-bedroom plans, designed for modern homebuyers. Each home is equipped with the CompleteHome™ package, which includes several upgrades at no extra cost, such as stainless steel appliances and luxury vinyl flooring. The community also provides access to local parks and amenities, enhancing the living experience. Interested buyers can schedule a tour by contacting LGI Homes directly.
LGI Homes has announced the grand opening of Red Rock Village, a new single-family home community in Tucson, Arizona, with prices starting in the low-$300s. The community features 3 to 5-bedroom open-concept floor plans, upgraded with LGI's CompleteHome™ package, including stainless steel appliances and granite countertops. Residents will enjoy a variety of amenities including swimming pools, sports courts, and an on-site elementary school. LGI Homes has a proven track record, having closed over 50,000 homes and maintaining profitability each year since its inception. More information can be found at LGIHomes.com.
LGI Homes (NASDAQ: LGIH) announced the closing of 506 homes in February 2023, demonstrating continued growth in the housing market. As of February 28, 2023, the company operates 97 active selling communities across 20 states. With a strong legacy of over 50,000 homes closed and consistent profitability for more than 19 years, LGI Homes ranks as the 10th largest residential builder in the U.S. The firm is recognized for quality construction and exceptional customer service, with accolades including the 2022 Cultural Excellence Award from Top Workplaces USA.
LGI Homes has announced its collaboration with Habitat for Humanity of Montgomery County, TX, to construct four homes for deserving families in Conroe, TX, from February 27 to March 4, 2023. This initiative, known as the Blitz Build, involves a 24-hour-a-day schedule to complete the homes rapidly. Trade partners are donating materials and expertise, showcasing LGI's commitment to affordable housing. CFO Charles Merdian emphasized the project's significance in fostering community empowerment and homeownership. This marks a new chapter in the last section of the Cedar Creek subdivision, addressing urgent housing needs and transforming lives.
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