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, Inc. (NASDAQ: LGIH) reported a significant increase in home closings, with 797 homes sold in November 2021. The total for the first eleven months reached 9,438 closings, marking a 22.4% rise from 7,709 closings in the same period last year. Currently, LGI Homes operates 104 active selling communities across 35 markets in 19 states. With over 50,000 homes closed since its inception and consistent profitability, LGI Homes is ranked among the top residential builders in the U.S.
LGI Homes (NASDAQ: LGIH) has unveiled its latest community, Stone Crest Estate, located in Fairburn, Atlanta. Homes start from the low $300,000s, with properties ranging from 1,938 to 2,626 square feet. Each home features upgraded amenities, including Whirlpool appliances, quartz countertops, and energy-efficient designs. The community offers easy access to major employers and the Atlanta airport, making it ideal for families seeking quality living spaces. LGI Homes continues to expand its footprint, having built over 50,000 homes since its inception.
LGI Mortgage Solutions, a joint venture between loanDepot and LGI Homes, is launching full-service residential mortgage solutions in Arizona, Colorado, and Florida. The venture plans to expand into ten additional states, including Georgia and Tennessee, by Q1 2022. This initiative aims to streamline the home financing process for LGI Homes' customers, enhancing loanDepot's position in the mortgage market. The partnership emphasizes customer service and aims to deliver competitive rates and a transparent lending experience, backed by the reputations of both companies.
LGI Homes (NASDAQ: LGIH) reported a total of 725 home closings in October 2021, a decrease from 818 in October 2020. However, the company achieved a notable 28% increase in home closings over the first ten months of 2021, totaling 8,641 compared to 6,749 in the same period last year. As of October 31, 2021, LGI Homes operated 106 active selling communities. The company continues to be recognized as a leader in the homebuilding industry, known for its commitment to quality and customer service.
LGI Homes reported a strong financial performance for Q3 2021, with net income increasing by 13% to $100.6 million, translating to diluted EPS of $4.05. Home sales revenues surged 40.7% to $751.6 million, alongside a 19.5% rise in home closings, totaling 2,499 homes. Average sales price per home closed rose by 17.7% to $300,764. For the nine months ended September 30, 2021, net income reached $318.3 million, a 69.8% increase, with home sales revenues up 52.9% to $2.2 billion. The company anticipates closing between 10,000 and 10,500 homes by year-end, with a tightened gross margin forecast.
LGI Homes (NASDAQ: LGIH) has introduced a new line of five floor plans in Oklahoma City, with prices starting from the $220s. These homes, ranging from 1,405 to 2,483 square feet, include three to five bedrooms and two to three bathrooms, featuring well-designed interiors and various upgrades. A one-day-only sales event is scheduled for October 23 at Crimson Lake Estates, followed by another event on October 30 at Wyndemere community. The launch emphasizes LGI Homes' commitment to offering quality homes in family-friendly areas while providing exclusive discounts during the events.
LGI Homes has launched its latest community, Hamlets of Tavares, in Orlando, featuring upgraded two-story townhomes priced from the mid-$200s. Each home offers 1,500 to 1,817 square feet of space, with 2-3 bedrooms and 2.5 bathrooms. Residents will enjoy community amenities such as a children's play structure and dog park. The homes come with the CompleteHome™ package, including modern upgrades like stainless steel appliances and granite countertops. LGI Homes has a 18-year legacy of profitability and has closed over 50,000 homes across 35 markets.
LGI Homes has launched a $9 million amenity center, Club Liberty, at its Summit at Liberty community, catering to residents aged 55 and above in Rio Vista, California. The 4.5-acre complex includes various recreational facilities such as a fitness center, pool, community garden, and an events barn designed for gatherings. New single-story homes in this community start in the high $400,000s and offer modern amenities. This expansion reinforces LGI Homes' commitment to enhancing community living while providing quality housing options.
LGI Homes, Inc. (NASDAQ: LGIH) reported closing of 793 homes in September 2021, a slight decrease from 811 homes in September 2020. However, the company achieved record quarterly closings of 2,499 homes in Q3 2021, reflecting a 19.5% increase from 2,091 in Q3 2020. The year-to-date closings reached 7,916, up 33.5% compared to 5,931 in the first nine months of 2020. As of September 30, 2021, LGI Homes operated 103 active selling communities. Financial results for Q3 will be announced on November 2, 2021, followed by a conference call at 12:30 p.m. ET.
