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. reports recurring developments tied to its design, construction, and sale of new homes across U.S. markets. News commonly covers monthly home closings, active selling communities, quarterly financial results, margin guidance, backlog, pricing, inventory management, and the closing of currently or previously leased single-family rental homes.
Company updates also highlight new community openings and market expansions, including detached homes and townhomes offered with LGI Homes’ CompleteHome™ and CompleteHomePlus™ packages. Its announcements frequently describe community locations, floor plans, home features, amenities, and regional growth in markets such as Florida, Texas, Utah, Nevada, and the Seattle area.
LGI Homes, Inc. (NASDAQ: LGIH) reported the closing of 532 homes in October 2022. As of October 31, 2022, the company had 92 active selling communities. Known for its innovative homebuilding approach, LGI Homes boasts a legacy of over 19 years with more than 50,000 homes closed. The company operates across 35 markets in 20 states and ranks as the 10th largest residential builder in the U.S. since 2018. LGI Homes emphasizes quality construction and customer service, earning numerous workplace accolades, including the 2022 Cultural Excellence Award.
LGI Homes (NASDAQ: LGIH) reported Q3 2022 results showing a 10.1% decrease in net income to $90.4 million and a 27.2% drop in home sales revenue at $547.1 million. Home closings fell 38.1% to 1,547 homes, although the average sales price per home rose 17.6% to $353,635. The company's gross margin improved by 160 basis points to 28.5%. For 2022, LGI updated its forecast to 6,700-7,100 homes closed at an average sales price between $340,000 and $350,000.
LGI Homes (NASDAQ: LGIH) reported the closing of 574 homes in September 2022, totaling 1,547 homes closed for the third quarter. As of September 30, 2022, the company operated 93 active selling communities.
Financial results for Q3 2022 will be released on November 1, 2022, followed by a conference call at 12:30 p.m. ET.
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LGI Homes (NASDAQ: LGIH) has launched its 2022 Make Your Move National Sales Event, offering special pricing on select move-in ready homes and builder-paid closing costs from September 6 to October 9, 2022. The event aims to enhance homeownership affordability through attractive financing options provided by LGI Mortgage Solutions. CEO Eric Lipar emphasized the commitment to customer experience and homeownership dreams. The company, recognized for quality and service, has closed over 50,000 homes in its 19-year history and is ranked as the 10th largest residential builder in the U.S.
LGI Homes (NASDAQ: LGIH) announced the closing of 504 homes in August 2022, reflecting a strong performance amidst an evolving market landscape. As of August 31, 2022, the company operated 93 active selling communities. With a legacy of over 19 years and more than 50,000 homes closed, LGI Homes continues to rank as one of America's fastest-growing builders. The firm, headquartered in The Woodlands, Texas, has maintained profitability annually and is recognized for quality construction and outstanding customer service.
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LGI Homes has announced the opening of ShadowGlen, a new community in Manor, Texas, featuring luxury homes starting from the $450s. This community offers various single and two-story floor plans, ranging from 1,993 to 2,562 square feet, with modern upgrades including KitchenAid appliances and granite countertops. Amenities include a clubhouse, fitness center, and a water park, along with proximity to ShadowGlen Elementary School. LGI Homes has over 19 years of experience, having closed more than 50,000 homes, making it one of America's fastest-growing builders.
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