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 announced the grand opening of Pony Lake, featuring 39 single-family homes located in Pierce County, Washington. Priced starting in the low-$500s, homes range from approximately 1,500 to 2,400 square feet and include LGI’s CompleteHome™ suite of upgrades. The community offers convenient access to major employers like Boeing and Amazon and includes amenities such as a private park. LGI Homes is recognized as the 10th largest residential builder in the U.S. based on closed units since 2018.
LGI Homes, Inc. (NASDAQ: LGIH) reported a substantial increase in home closings, achieving 1,147 homes in March 2021, a 44.3% rise from 795 homes in March 2020. The company also reached a record quarterly total of 2,561 home closings for Q1 2021, up 39.6% from 1,835 in Q1 2020. As of March 31, 2021, LGI Homes operated 110 active selling communities. Financial results for Q1 will be released on May 4, 2021, accompanied by a conference call at 12:30 p.m. Eastern Time.
LGI Homes has announced the grand opening of Harts Crossing, a new community in Portland, Oregon, comprising 32 townhomes. Located 10 miles east of downtown, these low maintenance homes begin pricing in the $390s and include modern upgrades like attached garages and energy-efficient appliances. Buyers can choose from three floor plans ranging from 1,300 to 1,600 square feet. The community is conveniently near TriMet MAX light rail, providing easy access to Portland's amenities. Quick move-in options are available for qualified buyers.
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Huntington Pointe, its first community in the Norfolk, VA market. This master-planned community will offer 115 new homes, including townhomes and single-family homes, with prices starting in the low-$300s. The homes feature modern amenities, energy-efficient attributes, and are backed by a 10-year structural warranty. Residents will enjoy a pedestrian-friendly neighborhood with access to parks and local attractions. Quick move-in opportunities and attractive financing options are available for qualified buyers.
LGI Homes has announced the grand opening of Quarry Oaks at Cambrian Hills, its first community in Pennsylvania, located in Hanover. The community will feature 78 single-family homes priced from the $280s, offering a choice of floor plans from approximately 1,290 to over 2,600 square feet. These homes include modern amenities such as upgraded kitchens and landscaped yards. Situated near major employment centers, the community is conveniently located close to shopping and schools, enhancing its appeal for potential buyers.
LGI Homes has opened two new communities in Albuquerque, New Mexico: Volterra Village and De La Reina. These developments aim to meet the growing demand for homes in the area. Volterra Village features low-maintenance townhomes starting in the $250s, with additional amenities including a city park. De La Reina offers single-family homes starting in the $200s, with easy access to I-25 and nearby parks. Both communities include LGI’s CompleteHome™ package, ensuring energy efficiency and modern conveniences. Quick move-in options are also available.
LGI Homes (NASDAQ: LGIH) reported 764 home closings in February 2021, marking a 26.1% increase from 606 closings in February 2020. In total, the company has closed 1,414 homes during the first two months of 2021, representing a 36.0% growth compared to 1,040 closings in the same period last year. By the end of February 2021, LGI Homes operated 103 active selling communities across various states. With over 45,000 homes closed since its inception, LGI Homes is a leading player in the U.S. residential building market.
LGI Homes Announces Madison Village Launch
TAMPA, Fla., Feb. 24, 2021 – LGI Homes (NASDAQ: LGIH) has opened Madison Village, a new townhome community just 9 miles from downtown Tampa. The community features two-story homes ranging from 1,574 to 1,817 square feet, with 2 to 3 bedrooms and a starting price in the $240s. Each home includes high-quality upgrades such as stainless steel appliances, granite countertops, and smart-home technology. Madison Village also offers amenities like a picnic pavilion, walking paths, and a dog park, catering to families and pet owners.
LGI Homes (NASDAQ: LGIH) reported strong financial results for Q4 and the full year 2020. Q4 net income surged 110.3% to $136.4 million, with home sales revenues climbing 48.2% to $897.4 million. Full year net income rose 81.3% to $323.9 million, driven by a 28.8% increase in home sales revenues to $2.4 billion. The average sales price per home closed increased by 6.1% to $253,553, and gross margins improved significantly. The ending backlog of homes increased 140.4% to 2,964 homes, indicating strong demand going into 2021.
