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 (NASDAQ: LGIH) reported its Q1 2022 results, showing a 21% decline in net income to $78.7 million, or $3.30 per share. Home sales revenues fell 22.7% to $546.1 million, with a 37.6% drop in home closings to 1,599. However, the average sales price rose 23.9% to $341,495, and gross margins improved by 210 basis points to 29.0%. The company has a strong backlog of 2,429 homes valued at $849.1 million. Management updated guidance for the year, anticipating average sales prices between $335,000 and $350,000.
LGI Homes has announced the opening of Van Buren Estates, a new housing community in Celina, Texas. This community offers spacious homes situated on one-acre lots, with prices starting in the mid-$800s. Homebuyers can select from five popular floor plans ranging from 3,042 to over 4,000 square feet, featuring luxury upgrades at no additional cost. Van Buren Estates combines modern living with convenience, located near parks and local amenities. Potential buyers are encouraged to contact LGI Homes for more details or to schedule a tour.
LGI Homes, Inc. (NASDAQ: LGIH) announced the closing of 658 homes in March 2022 and a total of 1,599 home closings for the first quarter of 2022. As of March 31, 2022, the company operated 88 active selling communities. Financial results for the first quarter are scheduled for release on May 3, 2022. A conference call will be held at 12:30 p.m. ET that day to discuss the results, accessible via a live audio webcast on the company's investor page.
LGI Homes has announced the grand opening of Cannery Park, a new community in Stockton, featuring 387 single-family homes priced from the $500s. The development, located near major highways and local amenities, is designed to offer convenient access to parks and entertainment. Homes range in size from 1,342 to over 2,200 square feet, with up to five bedrooms and three baths. Each home includes modern upgrades like energy-saving features and stainless steel appliances. Quick move-in options are available for interested buyers.
LGI Homes (NASDAQ: LGIH) has unveiled SC Ranch, a new community in Marana, Tucson, featuring single-family homes starting in the low-$300s. The community provides open-concept floor plans ranging from 3 to 5 bedrooms, equipped with the CompleteHome™ package, including modern appliances and granite countertops. SC Ranch is strategically located near major employers and amenities such as parks, golf courses, and shopping centers, enhancing its appeal to potential homebuyers. The company continues its tradition of quality construction and customer service.
LGI Homes, Inc. launched a redesigned website for its luxury brand, Terrata Homes, on March 7, 2022. The new site enhances user experience with a modern design featuring interactive elements and improved visuals, catering to contemporary homebuyer expectations. Chief Marketing Officer Rachel Eaton highlighted that the website showcases the unique lifestyle offerings of Terrata neighborhoods and simplifies the home-buying process. The site allows visitors to explore various neighborhoods and floor plans, reinforcing Terrata Homes as a provider of quality, move-in ready homes.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closure of 499 homes in February 2022, reflecting robust activity in the housing market. As of February 28, 2022, the company operates 89 active selling communities, a testament to its growth strategy. With over 50,000 homes closed since its inception, LGI Homes has maintained profitability every year for more than 18 years. The company ranks as the 10th largest residential builder in the U.S. based on units closed and has received accolades for workplace excellence, including the Cultural Excellence Award for 2022.
LGI Homes has launched Tenny Creek, a new townhome community in Vancouver, WA, featuring 50 move-in ready homes priced from the $450s. Located conveniently near I-5N, it offers access to Portland's employers and local amenities. Each home includes modern upgrades, spacious layouts, and a variety of features such as walk-in closets and tech lofts. Buyers can select from four floor plans, ranging in size from 1,367 to 1,879 square feet. The community promises a simplified home buying experience with amenities nearby, including Salmon Creek Regional Park.
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