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 its Q2 2022 results, with net income rising 4.4% to $123.4 million, equating to $5.24 per share. However, home sales revenues fell 8.6% to $723.1 million, and home closings decreased by 29.0%, totaling 2,027. The average sales price increased 28.7% to $356,719, while gross margins improved significantly. For the first half of 2022, net income dropped 7.2% to $202.1 million, amid a 15.2% decline in home sales revenues to $1.3 billion. The company updated its full-year guidance, expecting home closings between 7,500 and 8,300.
LGI Homes announced the launch of Colonial Crossing, a new community in Charlotte, NC, expanding its market presence. This development offers a variety of affordable single-family homes ranging from 1,601 to 2,805 square feet, with prices starting from the low-$300s. The community features amenities such as grilling pavilions and nature trails and is strategically located near shopping and outdoor activities at Lake Norman. LGI Homes continues to prioritize quality construction and customer satisfaction, bolstering its reputation in the homebuilding sector.
LGI Homes has announced the grand opening of Gilman Walk, a new community in Arlington, Washington, featuring 115 townhomes near a conservation area along the Stillaguamish River. The community offers easy access to major employment centers, local shops, and outdoor activities. Three new floor plans range from 1,300 to 1,700 square feet, priced from the $460s, with upscale features included. This initiative enhances LGI's presence in the market, providing affordable housing options while supporting local amenities and scenic views.
LGI Homes closed 627 homes in June 2022, contributing to a total of 2,027 homes closed during the second quarter. By June 30, 2022, the company operated 92 active selling communities. Financial results for Q2 2022 will be released on August 2, 2022, with a conference call scheduled for 12:30 p.m. ET the same day. LGI Homes, headquartered in The Woodlands, Texas, ranks as the 10th largest residential builder in the U.S. since 2018, having closed over 50,000 homes in its 19 years of operation.
LGI Homes has launched new single-family homes at The Colony in Bastrop, Texas, starting from the mid-$400s. This master-planned community provides quick access to major employers, schools, and outdoor attractions. Homes range from 1,801 to over 2,300 square feet, featuring open layouts, chef-inspired kitchens, and high-end finishes at no additional cost. Energy-efficient features are included to enhance sustainability. With over 50,000 homes closed and a 19-year legacy in homebuilding, LGI Homes continues to expand its presence across the United States.
LGI Homes has unveiled a new collection of move-in ready single-family homes at Luckey Ranch in San Antonio, with prices starting from the $280s. The homes range from 1,356 to over 2,100 square feet, featuring up to four bedrooms and three bathrooms. Each home includes modern amenities like stainless steel appliances, granite countertops, and energy-efficient features. Luckey Ranch offers excellent community amenities, including a sports park and recreational facilities, enhancing the family-friendly atmosphere.
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