LGI Homes(LGIH)

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LGI Homes Unveils Exciting New Floor Plans at Lago Mar in Texas City
Globenewswire· 2025-09-25 21:00
Core Insights - LGI Homes has launched new floor plans at Lago Mar, starting at $289,900, featuring the CompleteHome™ package that offers modern design and high-end finishes [1][4] - The CompleteHome™ package includes a variety of premium features such as stainless steel appliances, granite countertops, and advanced flooring technology [2][4] - Lago Mar is positioned as a unique community with a 12-acre Crystal Lagoons® amenity, enhancing the living experience with recreational options [3][6] Product Offerings - New floor plans include: - Atchison: 3 bed / 2 bath / 1,621 sq ft with an open-concept layout [5] - Ontario: 3 bed / 2 bath / 1,739 sq ft featuring a private dining room [5] - Reed: 4 bed / 2 bath / 1,819 sq ft with a deluxe master suite [5] - Kendall: 4 bed / 2 bath / 1,929 sq ft with a kitchen island [5] - Willow: 4 bed / 2.5 bath / 2,198 sq ft, a two-story plan with spacious bedrooms [5] Community Features - Lago Mar offers a private residents-only recreation center, resort-style pool, fitness center, and children's playgrounds [6] - The community includes hiking and biking trails, grill stations, and easy access to shopping and dining [6] - Future developments around the lagoon will include retail, dining, and entertainment options, adding value for residents [3] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [8] - The company has closed over 75,000 homes since its founding in 2003 and has consistently delivered profitable financial results [8] - Recognized for quality construction and customer service, LGI Homes has received multiple workplace awards, including the Top Workplaces USA 2025 Award [8]
LGI Homes: Limited Incentive To Pursue (NASDAQ:LGIH)
Seeking Alpha· 2025-09-23 20:19
Group 1 - LGI Homes, a small-cap representative of the US homebuilding market, is facing challenges this year, underperforming compared to other small caps and homebuilders [1] - While other small caps have increased by nearly 4%, LGI Homes has not fared as well in the current market conditions [1]
LGI Homes Returns to Rio Rancho, NM, with the Grand Opening of Estrella at High Range
Globenewswire· 2025-09-22 12:00
Core Insights - LGI Homes, Inc. has announced the Grand Opening of Estrella at High Range, featuring 337 new single-family homes in Rio Rancho, New Mexico [1][2] - The new section builds on the company's previous success in the area, having delivered over 230 homes since 2015 [2] - The homes will start in the $350,000 range, offering upgraded and affordable options in a desirable location [4] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [8][10] - The company has been recognized for its quality construction and customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [8] Community Features - Estrella at High Range will include five brand-new floor plans, with features such as stucco exteriors, large covered patios, and modern kitchens with Whirlpool® appliances [4][5] - The community will also offer a new five-acre park with various amenities, funded by a $2 million investment from LGI Homes [6] Location Benefits - The development is situated within the award-winning Rio Rancho Public School District, providing access to top-rated schools and major employers [5] - Residents will benefit from proximity to shopping, dining, and recreational opportunities in both Rio Rancho and nearby Albuquerque [5] Grand Opening Event - The Grand Opening event is scheduled for September 27, 2025, featuring exclusive discounts and incentives for homebuyers [7]
LGI Homes Opens New Community near Olympia, WA
Globenewswire· 2025-09-19 21:00
Core Insights - LGI Homes, Inc. has announced the Grand Opening of Shelm Meadows, a new community in Yelm, Washington, featuring upgraded homes starting from the $490s [1][2] - This marks LGI Homes' return to Thurston County since 2019, emphasizing their commitment to building high-quality homes at affordable prices [2] - Shelm Meadows will offer 90 new homes with sizes ranging from approximately 1,300 to 2,800 square feet, equipped with LGI Homes' CompleteHome™ interior package [3] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [7] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service [7] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2025 Award, reflecting its commitment to excellence [7] Community Features - Shelm Meadows will include amenities such as park space with playgrounds, gazebos, and picnic areas, set to open in Spring 2026 [5] - Residents will have direct access to the Yelm Prairie Line Trail for walking, running, and cycling, enhancing the community's appeal [5] - The community is strategically located for easy access to major cities like Olympia and Tacoma, combining small-town charm with urban convenience [5] Home Specifications - The community will feature a variety of floor plans, including homes with 3, 4, and 5 bedrooms, designed for family living [3][10] - Notable home features include luxury vinyl plank flooring, upgraded kitchen appliances, and programmable thermostats, all included at no extra cost [3] - Specific models include The Beech (1,343 sq. ft.), The Bainbridge (1,431 sq. ft.), and The Whidbey (2,776 sq. ft.), showcasing diverse options for potential homeowners [10]
LGI Homes Opens New Community near Olympia, WA
Globenewswire· 2025-09-19 21:00
Core Insights - LGI Homes has announced the Grand Opening of Shelm Meadows, a new community in Yelm, Washington, featuring upgraded homes starting from the $490s [1][2] - This marks LGI Homes' return to Thurston County for the first time since 2019, emphasizing the company's commitment to building high-quality homes at affordable prices [2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [7] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service [7][9] Community Features - Shelm Meadows will offer 90 new homes with 3-, 4-, and 5-bedroom options, ranging from approximately 1,300 to 2,800 square feet, featuring LGI Homes' CompleteHome™ interior package [3] - The community will include amenities such as park space, playgrounds, and direct access to the Yelm Prairie Line Trail for outdoor activities [5] Floor Plans - Various floor plans available at Shelm Meadows include: - The Beech: 1,343 sq. ft. | 3 bed / 2.5 bath - The Bainbridge: 1,431 sq. ft. | 3 bed / 2 bath - The Cypress: 1,623 sq. ft. | 3 bed / 2.5 bath - The Hawthorn: 1,843 sq. ft. | 4 bed / 2.5 bath - The Mercer: 2,378 sq. ft. | 4 bed / 2.5 bath - The Whidbey: 2,776 sq. ft. | 5 bed / 3 bath [8] Upcoming Events - The Grand Opening of Shelm Meadows is scheduled for September 20, 2025, with exclusive discounts and incentives available for a limited time [6]
LGI Homes Kicks Off Annual “Make Your Move” National Sales Event
Globenewswire· 2025-09-16 21:00
Core Points - LGI Homes has launched the "Make Your Move" National Sales Event, offering special pricing and financing options for homebuyers [1][2] - The event aims to enhance homeownership accessibility, allowing buyers to save up to $50,000 on new homes through various incentives [2][3] - The sales event runs until October 19, 2025, and encourages potential buyers to explore available options online [3] Company Overview - LGI Homes, headquartered in The Woodlands, Texas, operates in 36 markets across 21 states and has closed over 75,000 homes since its inception in 2003 [4] - The company is recognized for its innovative approach to homebuilding and has consistently delivered profitable results, earning accolades for quality construction and customer service [4] - LGI Homes has received multiple workplace awards, including the Top Workplaces USA 2025 Award, reflecting its commitment to employee satisfaction [4]
LGI Homes Kicks Off Annual “Make Your Move” National Sales Event
Globenewswire· 2025-09-16 21:00
Core Insights - LGI Homes, Inc. has launched the "Make Your Move" National Sales Event, offering special pricing and financing options for homebuyers across the U.S. [1] - The event aims to enhance homeownership accessibility, allowing buyers to save up to $50,000 on new homes through various incentives [2][3] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [4] - The company is recognized for its quality construction and customer service, earning accolades such as being named one of Newsweek's World's Most Trustworthy Companies [4] - LGI Homes has a workforce of over 1,000 employees and has consistently delivered profitable financial results [4]
Citizens JMP Lifts PT on LGI Homes (LGIH) Stock
Yahoo Finance· 2025-09-16 18:50
Core Viewpoint - LGI Homes, Inc. is recognized as one of the best housing stocks to buy according to hedge funds, with a recent price target increase from Citizens JMP to $85 from $75, maintaining an "Outperform" rating [1][2] Financial Performance - In Q2 2025, LGI Homes delivered 1,323 homes at an average sales price of $365,446, resulting in $483.5 million in revenue [1] - The gross margin and adjusted gross margin increased by 190 basis points sequentially to 22.9% and 25.5%, respectively [2] - In Q3 2024, home sales revenue rose due to an increase in the average sales price to $371,000, up 5.2% year-over-year, with home closings totaling 1,757 homes, flat compared to the prior year but up 6% sequentially [3] Strategic Focus - The company is focusing on cost savings and improved efficiency while aiming to enhance profit margins and earnings per share (EPS) [2] - LGI Homes has reduced its expected closings for fiscal year 2024 to a range of 6,100-6,400 homes from an initial range of 7,000-8,000 homes, while raising gross margin expectations [3] - The company is prioritizing margins over volume amid a U.S. housing shortage estimated at two-to-four million homes, having spent the last two years building its inventory of developed lots and raw land [3] Market Outlook - LGI Homes remains confident in the long-term outlook of the broader housing market, supported by healthy demographics and a structural shortage of new homes [2] - The active community count grew by 30% year-over-year and 8% sequentially to 138, positioning the company to meet its year-end target of 150 active communities and significantly increase home closings in FY 2025 [3]
LGI Homes, Inc. Reports August 2025 Home Closings
Globenewswire· 2025-09-04 21:33
Company Performance - LGI Homes, Inc. closed 372 homes in August 2025, including 14 currently or previously leased single-family rental homes [1] - As of August 31, 2025, the company had 142 active selling communities [1] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [2] - The company has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year [2] - LGI Homes is recognized for its quality construction and exceptional customer service, being named to Newsweek's list of the World's Most Trustworthy Companies [2] - The company has received numerous workplace awards, including the Top Workplaces USA 2025 Award [2]
LGI Homes Opens New Master-Planned Community in Jarrell, Texas
Globenewswire· 2025-08-27 21:33
Core Insights - LGI Homes, Inc. announces the grand opening of Canyon Ranch, a new master-planned community in North Austin, featuring a variety of home styles and floor plans to cater to modern homebuyers [1][2][3] Company Overview - LGI Homes is recognized as a pioneer in the homebuilding industry, operating across 36 markets in 21 states, and has closed over 75,000 homes since its inception in 2003 [14] - The company has consistently delivered profitable financial results and has been acknowledged for its quality construction and customer service [14] Community Features - Canyon Ranch will include 1,100 homesites and a range of planned amenities such as pickleball courts, a beach-entry pool, and a splash pad, aimed at enhancing the lifestyle of first-time buyers and their families [2][3][11] - The community is strategically located near the I-35 corridor, providing residents with access to one of Texas' strongest employment areas, including proximity to Samsung's $17 billion semiconductor site set to open in 2026 [3] Home Offerings - Homes at Canyon Ranch start at $229,900, with options ranging from two-bedroom villas of 1,186 square feet to five-bedroom floor plans of up to 2,897 square feet [4] - The CompleteHome™ package includes various features at no extra cost, such as landscaped yards, modern technology upgrades, and a full suite of stainless steel appliances [5] - The CompleteHome Plus™ package offers additional upgrades, including brick exteriors and enhanced interior features, ensuring a modern and comfortable living experience [6][12] Sales and Marketing - The grand opening event for Canyon Ranch is scheduled for August 30, 2025, where homebuyers will have the opportunity to view floor plans and access exclusive discounts [13]