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 (LGIH) delivers essential updates for stakeholders tracking this innovative homebuilder's progress in affordable residential construction. This centralized resource aggregates official press releases, regulatory filings, and market-moving developments related to LGIH's strategic operations across 7 U.S. regions.
Investors and analysts will find timely information on quarterly earnings, land acquisition strategies, and community development initiatives. The curated collection emphasizes LGIH's core operational strengths – controlled land development processes, cost-efficient construction models, and targeted market expansion.
Content spans critical business areas including new community launches, operational milestones, leadership updates, and sustainability initiatives. Each entry maintains factual reporting aligned with SEC compliance standards, providing reliable data for investment research and market analysis.
Bookmark this page for streamlined access to LGIH's evolving corporate narrative within the competitive homebuilding sector. Regular updates ensure stakeholders remain informed about the company's progress in delivering affordable, amenity-rich housing solutions nationwide.
LGI Homes reported a decrease in net income of 18.4% to $111.3 million for Q4 2021, reflecting a 10.7% drop in home sales revenues at $801.1 million and a 25.9% reduction in home closings to 2,526. However, full year results showed a 32.6% increase in net income to $429.6 million and 28.8% rise in home sales revenues to $3.1 billion. The company announced an increase in its stock repurchase program by $200 million, now totaling $306.6 million. Despite challenges like labor shortages, LGI is optimistic about 2022's growth prospects.
LGI Homes closed 442 homes in January 2022, showcasing strong performance in the housing market. As of January 31, the company has 90 active selling communities, emphasizing its growth and operational reach. LGI Homes has a legacy of over 50,000 closed homes in more than 18 years of business, maintaining profitability every year. Ranked as the 10th largest residential builder in the U.S., LGI is recognized for its quality construction and exceptional customer service.
LGI Homes announces the opening of a new section of homes at The Orchards near Yuba City, California, with prices starting from the $380s. This development features five floor plans ranging from 1,292 to 2,200 square feet, with homes offering up to five bedrooms and three baths. Each home includes LGI's CompleteHome™ package, featuring energy-efficient appliances, granite countertops, and solar panels. The community is conveniently located near schools, employers, and recreational venues, enhancing its appeal to families.
LGI Homes, Inc. (NASDAQ: LGIH) announced the appointment of Maria Renna Sharpe as an independent director to its Board. With over 37 years of expertise in legal, human resources, and accounting, Ms. Sharpe currently leads Sharpe Human Solutions, LLC and serves on the Board of Lamb Weston Holdings, where she chairs the Compensation Committee. Previously, she held significant HR roles at PepsiCo. Chairman Eric Lipar emphasizes her exceptional leadership abilities, anticipating her contributions will enhance the company's growth and success.
LGI Homes (NASDAQ: LGIH) reported 1,004 home closings in December, totaling 2,526 in Q4 and a record 10,442 for 2021, an 11.8% increase from the previous year. CEO Eric Lipar praised the company's performance, highlighting their resilience in a challenging market. At year-end, LGI had 101 active selling communities. The company plans to release its Q4 and full year financial results on February 15, 2022, along with guidance for 2022.
LGI Homes, Inc. (NASDAQ: LGIH) announces the grand opening of Meadows North, a new single-family home community in North Branch, Minnesota. The community features seven floor plans priced from the $330s, with homes ranging from 1,370 to 1,797 square feet. Residents will enjoy modern amenities, including chef-ready kitchens and luxury flooring, access to a new city park, and proximity to local attractions and shopping. LGI aims to construct 120 homes in Phase I, with quick move-in options available.
LGI Homes (NASDAQ: LGIH) has launched a new community named Skyline in Las Vegas, priced from the $300s. This development features spacious two-story homes with two-car garages and numerous upgrades. Located in Henderson, the community offers easy access to parks, shopping, and dining, catering to homebuyers looking for tranquility near city amenities. Each home includes the CompleteHome™ package, designed for modern living, with smart technology and luxury finishes.
LGI Homes (Nasdaq: LGIH) announced the opening of its new community, Creedmore Hills, in Charlotte, NC, located off I-485 and close to downtown and the international airport. The community features five floor plans of two-story single-family homes, ranging from 1,434 to 2,201 square feet, with prices starting from the high-$200s. Each home includes the CompleteHome™ package with energy-efficient appliances and modern designs. This expansion highlights LGI's commitment to providing affordable, high-quality homes for buyers in a prime location.
LGI Homes announced the appointment of Shailee Parikh as an independent director to its Board, effective December 31, 2021. Currently serving as Global Head of Strategy and Solution Development for Health Solutions at Aon, Parikh brings extensive experience in corporate strategy, operations, and finance. Her prior roles include CFO of EMEA at Aon Hewitt and various positions at Reunion Bank of Florida and Morgan Stanley. CEO Eric Lipar expressed enthusiasm over her diverse expertise, which will enhance the Board's perspectives. LGI Homes has a strong track record, having closed over 50,000 homes and ranked 10th in residential building.
