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 announced the closure of 697 homes in May 2022, showcasing continued growth in its operations. As of May 31, the company operated 91 active selling communities. Recognized as one of America’s fastest-growing homebuilders, LGI Homes boasts a legacy of over 50,000 homes closed in its 19 years of operation and has been profitable every year. The company ranks as the 10th largest residential builder in the U.S. based on units closed and has received various workplace awards for its commitment to quality and customer service.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Miske Meadows, a new community in Elk River, MN, featuring 129 single-family homes. Homes range from 1,300 to 1,800 sq. ft., priced from the $380s. The community is strategically located near major highways and provides amenities such as parks and walking trails. Residents will benefit from modern home designs with quality finishes. The initiative aims to provide affordable housing options while enhancing local living standards.
LGI Homes has expanded its Terrata Homes brand into the Oklahoma City market with the launch of Winter Creek, a new luxury home community starting from the $490s. This community features five new home plans in the Country Club Collection, offering spacious layouts from 2,602 to over 3,700 square feet with four to five bedrooms. Located near the Winter Creek Golf Course, the community provides access to amenities like a clubhouse, fitness center, and swimming pool. The new homes showcase numerous upgrades, appealing to potential buyers seeking a blend of luxury and a relaxed lifestyle.
LGI Homes has announced the grand opening of South Park Meadows, a new townhome community in Princeton, Texas, with prices starting from the $360s. This community features unique townhome designs, ranging from 1,573 to over 1,700 square feet, offering three to four bedrooms. Each home includes a range of upgrades such as stainless steel appliances and granite countertops. The community boasts proximity to employers, schools, and recreational areas, enhancing its appeal. Interested buyers can schedule tours by contacting LGI Homes directly.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 703 homes in April 2022, marking a steady performance in the residential sector. As of April 30, 2022, the company operates 91 active selling communities across 35 markets in 19 states, reinforcing its position as one of America's fastest-growing homebuilders. The company has closed over 50,000 homes since its inception and has been profitable annually. LGI Homes is recognized for its quality construction and exceptional service, earning multiple workplace awards including the 2022 Cultural Excellence Award from Top Workplaces USA.
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.
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