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LGI Homes Celebrates Grand Opening of Goldfields Ranch in Linda, California
Globenewswire· 2026-03-20 21:00
Core Insights - LGI Homes, Inc. announces the Grand Opening of Goldfields Ranch, a new community in Linda, California, featuring single-family homes with convenient access to Sacramento and Yuba City [1][6] Community Features - Goldfields Ranch will consist of 499 homesites with three to five-bedroom floor plans, all equipped with LGI Homes' CompleteHome Plus™ package, which includes modern upgrades at no extra cost [2][3] - The community will feature a 4.25-acre park with amenities such as playgrounds, a dog park, sports courts, and walking trails, scheduled for completion in late 2026 [3][4] Location and Accessibility - The community is strategically located with quick access to CA-70 and is near local shopping and entertainment options, including the Yuba Sutter Marketplace and outdoor recreation along the Feather River [4][6] Pricing and Availability - Homes at Goldfields Ranch will start in the $450,000s, with a Grand Opening event on March 21, 2026, offering one-day-only savings for interested buyers [3][5] Company Background - LGI Homes is a leading homebuilder with a presence in 36 markets across 21 states, having closed over 80,000 homes since its inception in 2003, and is recognized for its quality construction and customer service [7]
LGI Homes Launches Spring Sales Event with Over $20,000 in Buyer Savings
Globenewswire· 2026-03-18 21:00
Core Insights - LGI Homes, Inc. has launched its Spring Sales Event, offering homebuyers exclusive incentives and potential savings exceeding $20,000 on select move-in-ready homes [1][5] Group 1: Sales Event Details - The Spring Sales Event aims to make homeownership more attainable by providing valuable incentives, simplified financing options, and quick move-in timelines [2] - Homebuyers purchasing from LGI Homes can benefit from special interest rates, closing cost assistance, and other promotional offers during the event [2] - Terrata Homes, a brand under LGI Homes, offers $25,000 in Flex Cash on select homes, which can be used for various costs associated with home purchases [3] Group 2: Company Commitment and Recognition - The Spring Sales Event is designed to help families achieve homeownership, with a focus on meaningful savings and exceptional community offerings [4] - LGI Homes has closed over 80,000 homes since its inception in 2003 and has consistently delivered profitable financial results [6] - The company has received national recognition for quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [6]
LGI Homes Expands Colorado Footprint with New Townhome Community in Colorado Springs
Globenewswire· 2026-03-11 12:00
Core Insights - LGI Homes, Inc. has announced the grand opening of Evergreen Ridge, a new community featuring 138 upgraded townhomes in Colorado Springs, with prices starting from $399,900 [1][4] Community Features - Evergreen Ridge offers modern, low-maintenance living in a desirable location, providing easy access to shopping, dining, outdoor recreation, and major employers [2] - The community is close to iconic destinations such as Garden of the Gods, Pikes Peak, and Cheyenne Mountain Zoo, as well as Bear Creek Regional Park and Red Rock Canyon Open Space [2] - A neighborhood park with a picnic shelter, climbing structure, open green space, and children's playground is planned for residents [2] Home Specifications - Five thoughtfully designed townhome floor plans are available, showcasing LGI Homes' CompleteHome Plus™ package, which includes quartz countertops, stainless steel kitchen appliances, and smart-home technology [3][7] - Homes are designed for low-maintenance living, featuring front yard landscaping and exterior maintenance [3] Company Overview - LGI Homes, headquartered in The Woodlands, Texas, has closed over 80,000 homes since its founding in 2003 and has consistently delivered profitable financial results [5] - The company is recognized for its quality construction and exceptional customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [5]
LGI Homes Opens in Master-Planned Denver-Area Community, Farmstead
Globenewswire· 2026-03-10 12:00
Core Insights - LGI Homes, Inc. is entering the Farmstead community in Berthoud, Colorado, which is positioned as a desirable location for small-town living with access to major employment centers [1][2] Group 1: Community Features - Farmstead will feature approximately $7 million in community amenities, including a community pool with a splash pad and an extensive network of walking paths [2] - The community will also include Berthoud Adaptive Park, the first fully ADA accessible park in Berthoud, providing inclusive outdoor recreation [2] Group 2: Home Offerings - LGI Homes will offer eight new floor plans ranging from 1,230 to 2,168 square feet, with three- to five-bedroom layouts available in one- and two-story designs [3] - Homes will start at $469,900, providing exceptional value to homebuyers in the area [4] Group 3: Home Features - Each home will include LGI Homes' CompleteHome™ package, featuring energy-efficient appliances, granite countertops, and modern conveniences at no additional cost [4]
LGI Homes Returns to Seagoville, TX, with the Grand Opening of Edmonds Ranch
Globenewswire· 2026-03-09 21:00
Core Insights - LGI Homes, Inc. has announced the grand opening of Edmonds Ranch in Seagoville, Texas, marking its return to the area with a selection of upgraded, move-in-ready homes starting from the low-$300s [1][2]. Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 80,000 homes since its founding in 2003 [5]. - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [5]. Product Offering - Edmonds Ranch features 100 homesites with three- to five-bedroom floor plans ranging from 1,602 to 2,733 square feet, designed with LGI Homes' CompleteHome™ interior package [2][3]. - Homes include upgraded features such as granite countertops, stainless steel appliances, luxury vinyl plank flooring, and programmable thermostats [2][3]. Community Features - The community will include a new park for residents, promoting a family-friendly atmosphere and providing access to local parks, dining, and shopping [3]. - The grand opening event is scheduled for March 7, 2026, offering exclusive pricing and incentives for homebuyers [4].
LGI Homes Inc (LGIH) Reports February Home Closings As It Expands in Seattle Market
Yahoo Finance· 2026-03-08 15:51
Core Insights - LGI Homes Inc (NASDAQ: LGIH) is recognized as one of the top homebuilder stocks favored by hedge funds [1] - The company reported 247 home closings in February 2026 and had 140 active selling communities as of February 28, 2026 [1] Financial Performance - In Q4 2025, LGI Homes closed 1,362 homes, totaling 4,685 homes for the entire year [2] - The average sales price per home closed in 2025 was $364,035, with projections for 2026 ranging from $355,000 to $365,000 [2] - The company achieved a gross margin of 20.7% in 2025, expecting it to remain stable at around 20% in 2026 [2] Liquidity Position - LGI Homes ended 2025 with $61.2 million in cash and had $273.6 million available under its revolving credit facility, resulting in total liquidity of $334.8 million [3] Market Expansion - The company has expanded its presence in the Seattle market with the opening of a new community called Meadow Brook in Puyallup, Washington, which features upgraded homes in a high-demand area [4] Company Overview - LGI Homes designs, constructs, and sells homes across 21 states and 36 markets in the US, having closed over 80,000 homes since its inception in 2003 [5] - The company has consistently delivered profitable financial results every year [5]
LGI Homes, Inc. Reports February 2026 Home Closings
Globenewswire· 2026-03-05 02:20
Core Insights - LGI Homes, Inc. closed 247 homes in February 2026, including 10 single-family rental homes [1] - As of February 28, 2026, the company had 140 active selling communities [1] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [2] - Since its founding in 2003, LGI Homes has closed over 80,000 homes and has delivered profitable financial results every year [2] - The company is recognized for its quality construction and exceptional customer service, being named to Newsweek's list of the World's Most Trustworthy Companies [2] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2025 Award [2]
LGI Homes Expands in the Seattle Market with Grand Opening of Meadow Brook
Globenewswire· 2026-02-27 22:00
Core Insights - LGI Homes, Inc. has announced the Grand Opening of Meadow Brook, a new community in Puyallup, Washington, expanding its presence in the Seattle market with homes starting from the $500s [1][2] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 80,000 homes since its founding in 2003 [5] - The company is recognized for its innovative approach to homebuilding and has received accolades for quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [5] Community Features - Meadow Brook offers 53 new homes with three, four, and five-bedroom options, ranging from approximately 1,491 to 2,544 square feet, featuring LGI Homes' CompleteHome Plus™ package [2][3] - The community is strategically located near Highway 161, providing easy access to major employers, shopping, dining, and entertainment in Puyallup and Tacoma [3][4] Amenities and Lifestyle - Residents of Meadow Brook will enjoy amenities such as walking trails, picnic areas, and disc golf holes, promoting recreational opportunities close to home [3] - The community is situated near highly rated schools and offers convenient freeway access and commuter rail service to downtown Seattle, which is approximately a 45-minute commute [4]
LGI Homes Expands in the Seattle Market with Grand Opening of Meadow Brook
Globenewswire· 2026-02-27 22:00
Core Insights - LGI Homes, Inc. has announced the Grand Opening of Meadow Brook, a new community in Puyallup, Washington, expanding its presence in the Seattle market with homes starting from the $500s [1][2] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 80,000 homes since its founding in 2003 [5] - The company is recognized for its quality construction and exceptional customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [5] - LGI Homes has delivered profitable financial results every year and has received numerous workplace awards, including the Top Workplaces USA 2025 Award [5] Community Features - Meadow Brook offers 53 new homes with three, four, and five-bedroom options, ranging from approximately 1,491 to 2,544 square feet, including single-family and duplex homes [2][3] - Each home includes the CompleteHome Plus package, featuring energy-efficient Whirlpool kitchen appliances, designer wood cabinetry, quartz countertops, and luxury-vinyl flooring, among other upgrades at no extra cost [2] - The community is conveniently located near Highway 161, providing access to major employers, shopping, dining, and entertainment in Puyallup and Tacoma [3] Floor Plans - Buyers can choose from five new three-story floor plans, including: - Benton: 3 bed / 2.5 bath, 1,491 sq. ft. - Carnation: 4 bed / 3.5 bath, 1,676 sq. ft. - Evergreen: 4 bed / 2.5 bath, 2,027 sq. ft. - Gregory: 4 bed / 2.5 bath, 2,201 sq. ft. - Summerwood: 5 bed / 3.5 bath, 2,544 sq. ft. [9]
LGI Homes(LGIH) - 2025 Q4 - Annual Report
2026-02-19 23:35
Sales and Financial Performance - The company has successfully increased home sales prices to absorb rising costs associated with labor, commodities, and lumber, mitigating inflationary pressures experienced in recent years[46]. - The company expects to face cost pressures from inflation similar to those experienced in the last few years, which could impact future quarters[46]. - The company continues to monitor supply markets to achieve the best prices for raw materials and labor, which are critical to its operations[46]. Employment and Training - As of December 31, 2025, the company employed 1,056 people, with 622 in on-site sales and support roles and 342 involved in acquisition, development, purchasing, and construction[53]. - The company has implemented a structured 100-day training program for sales professionals, emphasizing ongoing training and development[55]. Community Engagement - The company has contributed over $4.0 million in corporate sponsorships and over 50,000 employee service hours to local communities since 2016[58]. Industry Competition - The homebuilding industry is highly competitive, with the company competing against numerous national, regional, and local homebuilders, as well as existing home sales and rental markets[51]. Environmental Regulations - The company is subject to various environmental regulations that may result in delays and increased costs, particularly in environmentally sensitive areas[48]. - The company has not incurred any material unanticipated liabilities related to environmental conditions or toxic waste removal[50]. Debt and Interest Rates - The company utilizes both fixed-rate and variable-rate debt for financing, with no obligation to prepay senior notes or fixed-rate inventory obligations prior to maturity[288]. - As of December 31, 2025, the company had $527.6 million of variable rate indebtedness outstanding under the Credit Agreement[290]. - The interest rate for the variable rate indebtedness was SOFR plus 1.85%, with SOFR at 3.72% as of December 31, 2025[290]. - A hypothetical 100 basis point increase in the average interest rate above the SOFR floor would increase annual interest costs by approximately $5.3 million[290]. - The company believes that future interest rate risks related to existing indebtedness will not have a material adverse impact on its financial position, results of operations, or liquidity[291].