LGI Homes

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida,Midwest, Mid-Atlantic and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

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LGI Homes excels in Q2 2024, eyes growth amidst cost challenges

LGI Homes delivered strong financial performance in Q2 2024, with notable revenue growth, margin improvement, and earnings per share increase.
The company's focus on customer value, employee recognition, and growth targets positions it well for future expansion and profitability.
While challenges related to affordability persist, LGI Homes is poised to capitalize on opportunities through strategic initiatives and market differentiation.

LGI Homes posts strong Q3 results, boosts margins, eyes growth

LGI Homes demonstrated robust financial performance, operational efficiency, and market expansion in Q3 2024, underpinned by improved margins and profitability.
While facing challenges in debt management and market uncertainties, the company's strengths in trustworthiness, financial flexibility, and margin guidance offer a solid foundation for future growth.
By capitalizing on opportunities in housing demand, strategic investments, and technology integration, LGI Homes can navigate challenges and drive sustainable growth in a competitive market landscape.

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LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

THE WOODLANDS, Texas, June 28, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the closing of the Company's 50,000th home since its inception in 2003.

LGI Homes Achieves Significant Milestone of 50,000th Home Closing Since Inception

The company shows impressive revenue growth and a 25% ROE figure. Average selling price has been growing at a CAGR of 7.8%, faster than general house price appreciation rate, although some limitations apply.

LGI Homes Is A Very Well-Managed, Fast-Growing Homebuilder

LGI Homes Inc (NASDAQ: LGIH) has announced a partnership with Modsy, an online interior design company, to continue to bring new, innovative experiences to LGIHomes.com. The collaboration will add immersive user interactions utilizing virtual renderings, known as 360° Looks.

LGI Homes Partners With Modsy For Immersive Virtual Reality Web Experiences

THE WOODLANDS, Texas, June 23, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the launch of their new collaboration with Modsy, an industry-leading online interior design company, to continue to bring new, innovative experiences to LGIHomes.com.

LGI Homes Announces Collaboration with Modsy to Introduce New Immersive Web Experiences

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) (“LGI Homes” or the “Company”) today announced that it has priced its previously announced offering (the “Offering”) of $300 million aggregate principal amount of unsecured Senior Notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

LGI Homes Announces Pricing of $300 Million of Unsecured Senior Notes due 2029

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $300 million aggregate principal amount of unsecured Senior Notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

LGI Homes Announces Private Offering of $300 Million of Unsecured Senior Notes and Conditional Redemption of 6.875% Senior Notes due 2026

THE WOODLANDS, Texas, June 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 911 homes in May 2021, up from 640 homes closed in May 2020, representing year-over-year growth of 42.3%. The Company ended the first five months of 2021 with 4,420 home closings, a 43.5% increase over 3,080 home closings during the first five months of 2020.

LGI Homes Reports May 2021 Home Closings

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THE WOODLANDS, Texas, May 17, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that the Company will be presenting at the 14th Annual J.P. Morgan Homebuilding & Building Products Conference to be held virtually on May 19, 2021 at 9:45 AM Eastern Daylight Time (EDT).

LGI Homes to Present at the 14th Annual J.P. Morgan Homebuilding & Building Products Conference

THE WOODLANDS, Texas, May 07, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it has acquired the real estate assets of Minneapolis, Minnesota-based KenRoe, Inc., a privately held homebuilder and land development company, for approximately $27 million at closing, subject to post-closing adjustments. KenRoe is recognized for building quality homes targeted at entry-level buyers. The acquired assets include approximately 85 homes under construction, 130 finished lots, and 390 lots either raw or under development. Additionally, LGI is acquiring control of approximately 2,500 raw, undeveloped lots that will be available for future sales as the Company continues to expand its operations throughout the Minneapolis market.

LGI Homes Acquires Real Estate Assets of Minnesota Homebuilder

THE WOODLANDS, Texas, May 05, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 948 homes in April 2021, up from 605 homes closed in April 2020, representing year-over-year growth of 56.7%. The Company ended the first four months of 2021 with 3,509 home closings, a 43.8% increase over 2,440 home closings during the first four months of 2020.

LGI Homes Reports April 2021 Home Closings

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LGI Homes' (LGIH) CEO Eric Lipar on Q1 2021 Results - Earnings Call Transcript

LGI Homes (LGIH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

LGI Homes (LGIH) Hits Fresh High: Is There Still Room to Run?

Shares of LGI Homes (NASDAQ:LGIH) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 136.53% over the past year to $3.95, which beat the estimate of $2.50.

Recap: LGI Homes Q1 Earnings

THE WOODLANDS, Texas, May 04, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the first quarter ended March 31, 2021.

LGI Homes Reports Record First Quarter 2021 Results

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PHOENIX, April 26, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of two new communities in the greater Phoenix area, Mission Ranch in Casa Grande, and Sunrise Estates in Florence. Both communities offer one- and two-story homes loaded with upgrades at an incredible value.

LGI Homes Opens Operations in Two Phoenix Area Communities

As of late, it has definitely been a great time to be an investor in LGI Homes, Inc. (LGIH).

LGI Homes' (LGIH) Shares March Higher, Can It Continue?

LGI Homes (LGIH) Soars to 52-Week High, Time to Cash Out?

After two initially negative responses to financial reports, sentiment shifted sharply after a strong home closing report in March. Pacing suggests the potential for another year of records.

LGI Homes Rides A Turnaround In Sentiment And Strong Closings Performances

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LGI Homes expands Seattle presence with a new community near Tacoma

THE WOODLANDS, Texas, April 06, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 1,147 homes in March 2021, up from 795 homes closed in March 2020, representing year-over-year growth of 44.3%. In addition, the Company announced record breaking quarterly home closings of 2,561 during the first quarter of 2021 compared to 1,835 home closings in the first quarter of 2020, a 39.6% increase year-over-year.

News for LGI Homes Stock (LGIH)