LGI Homes(LGIH)

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LGI Homes Opens Lake Gallagher Estates in Dover, Florida, with Premium Homes on Expansive Lots
Globenewswire· 2025-06-06 12:00
Core Insights - LGI Homes has launched Lake Gallagher Estates, a new community featuring 26 upgraded homes in Hillsborough County, Florida, combining a small-town atmosphere with proximity to Brandon and Tampa [1][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 [11] - 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 [11] Community Features - Each home at Lake Gallagher Estates is situated on a minimum of ¾ of an acre, with many homesites offering views of a private community lake [2] - The community is conveniently located near shopping centers, dining options, and top-rated schools, making it suitable for families [3] Home Specifications - Homes feature the CompleteHome Plus™ package, including high-end finishes such as stainless steel Whirlpool® appliances, quartz countertops, and ceramic tile flooring [4][5] - Exterior features include brick-paved driveways, professional landscaping, and stylish black-framed windows [6] Floor Plans and Pricing - The community offers various floor plans, including: - Cedar Key: 3 Bedrooms, 2 Bathrooms, 2-Car Garage, 1,680 Sq. Ft., starting from $594,900 [7] - Lido Key: 4 Bedrooms, 2 Bathrooms, 2-Car Garage, 1,979 Sq. Ft., starting from $637,900 [8] - Siesta Key: 4 Bedrooms, 2 Bathrooms, 2-Car Garage, 2,207 Sq. Ft., starting from $672,900 [9] - Palm Beach: 5 Bedrooms, 2.5 Bathrooms, 3-Car Garage, 2,409 Sq. Ft., starting from $699,900 [10]
LGI Homes, Inc. Reports May 2025 Home Closings
Globenewswire· 2025-06-04 22:04
Company Performance - LGI Homes, Inc. closed 416 homes in May 2025, indicating ongoing operational activity and sales momentum [1] - As of May 31, 2025, the company had 145 active selling communities, reflecting its extensive market presence [1] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, showcasing its broad geographic reach [2] - Since its founding in 2003, LGI Homes has closed over 75,000 homes and has delivered profitable financial results every year, highlighting its successful business model [2] - The company has received national recognition for quality construction and customer service, being named to Newsweek's list of the World's Most Trustworthy Companies [2] - LGI Homes employs over 1,000 individuals and has earned numerous workplace awards, including the Top Workplaces USA 2025 Award, indicating a strong corporate culture [2]
LGI Homes Debuts New CompleteHome™ Plus Section at Star Valley in Tucson, AZ
Globenewswire· 2025-05-30 22:00
Core Insights - LGI Homes, Inc. has announced the grand opening of a new section at Star Valley, introducing the CompleteHome™ Plus package to the Tucson area for the first time [1][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 founding in 2003 [8] - 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 [8] New Development Details - The new section at Star Valley includes 126 homesites and features four new floor plans, with prices starting in the $360,000s [2] - The CompleteHome Plus™ lineup offers modern finishes and elevated details, including 9-foot ceilings, upgraded wood cabinetry, quartz countertops, and luxury flooring [3][5] Floor Plans - The new floor plans available at Star Valley include: - The Bisbee: A single-story home with 3 bedrooms and 2 bathrooms [11] - The Payson: A spacious home with a large living area and chef-ready kitchen [11] - The Wellton: A two-story home featuring a flexible loft space and extra downstairs bedroom [11][14] - The Somerton: A thoughtfully designed two-story home with an open floor plan and spacious covered patio [11] Community Amenities - Star Valley is a master-planned community offering amenities such as dog parks, a basketball court, barbecue grills, and walking trails, designed to support an active and family-friendly lifestyle [6] Launch Event - The new section will officially open on May 31, 2025, featuring exclusive one-day discounts and incentives for potential buyers [7]
LGI Homes Opens Cheyenne Valley, a New Community in North Las Vegas
Globenewswire· 2025-05-29 21:35
Core Insights - LGI Homes, Inc. has announced the grand opening of Cheyenne Valley, a new community with 144 lots in North Las Vegas, featuring the CompleteHome Plus™ package for the first time in the Las Vegas market [1][2] Company Overview - LGI Homes, Inc. 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 [5] - The company has been recognized for its quality construction and exceptional customer service, earning a spot on Newsweek's list of the World's Most Trustworthy Companies [5] Community Features - Cheyenne Valley offers three- and four-bedroom floor plans designed for family living, with upscale finishes including Whirlpool® kitchen appliances, 42" upper wood kitchen cabinetry, and 9' ceilings [2][3] - The community includes amenities such as a playground, open turf area, barbecue grills, and walking paths, providing opportunities for relaxation and adventure [4] Location Advantages - Cheyenne Valley is strategically located in North Las Vegas, providing residents with easy access to local attractions, shopping, dining, and entertainment, as well as major highways leading to downtown Las Vegas [3] Pricing Information - The starting prices for homes in Cheyenne Valley range from $399,900 for the Ash model (3 Bedrooms, 2 Bathrooms, 1,244 Sq. Ft.) to $497,900 for the Tahoe model (4 Bedrooms, 2.5 Bathrooms, 2,068 Sq. Ft.) [8]
LGI Homes Introduces CompleteHome Plus™ Upgrade Package in Palm Bay
Globenewswire· 2025-05-27 21:00
Core Insights - LGI Homes, Inc. has launched its upgraded CompleteHome Plus™ package in Palm Bay, Florida, featuring three new floor plans aimed at enhancing style, comfort, and value for prospective homeowners [1][2] Product Offering - The CompleteHome Plus™ package includes premium upgrades designed for improved functionality and aesthetics, covering exterior features, kitchen upgrades, interior features, bathrooms, and smart home enhancements [3] - The new floor plans include: - The Jensen: 3 Bed, 2 Bath, 3-Car Garage, 1,902 sq. ft. [8] - The Greenfield: 4 Bed, 3 Bath, 2-Car Garage, 2,225 sq. ft. [8] - The Key West: 5 Bed, 3 Bath, 3-Car Garage, 2,414 sq. ft. [8] Pricing and Availability - The new CompleteHome Plus™ floor plans start in the low-$400s [4] Company Background - 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 [5] - The company has been recognized for its quality construction and customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [5]
LGI Homes Expands Presence in Winston-Salem with Five New Communities in 2025
Globenewswire· 2025-05-21 21:00
Core Insights - LGI Homes, Inc. is expanding its presence in the Triad region by adding five new communities near Winston-Salem, North Carolina, including Applewood, Petticoat Junction, and Sycamore Court, with two more communities, Cider Hill and Robindale, set to open later this year [1][5][7] Community Details - Applewood, located in King, will feature 126 homesites with one- and two-story floor plans ranging from 1,172 to 2,112 square feet, priced from the $290s [2] - Petticoat Junction offers 12 homesites with floor plans from 1,388 to 1,800 square feet, starting from the $310s, and is conveniently located four miles from downtown Winston-Salem [3] - Sycamore Court features nine homesites with upgraded homes ranging from 1,548 to 1,800 square feet, priced starting in the $330s [4] Market Positioning - The expansion reflects LGI Homes' commitment to providing affordable, high-quality homes in desirable locations, aiming to attract families and first-time buyers [7] - Winston-Salem is characterized by a vibrant downtown, a growing job market, and a family-friendly lifestyle, making it an attractive location for homebuyers [6] Company Overview - LGI Homes is recognized as one of America's fastest-growing homebuilding companies, having closed over 75,000 homes since its founding in 2003, and has consistently delivered profitable financial results [8] - The company has received national recognition for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [8]
LGI Homes Recognizes Long-Standing Commitment to Volunteerism on Service Impact Day
Globenewswire· 2025-05-16 22:22
Core Viewpoint - LGI Homes successfully conducted its ninth annual Service Impact Day, emphasizing the company's commitment to community service through volunteer work and financial contributions [4][5]. Group 1: Service Impact Day - On May 15th, LGI Homes team members contributed over 8,500 volunteer hours, collaborating with more than 60 nonprofit organizations across the country [5]. - The initiative, launched in 2016, has become a company-wide tradition, allowing employees to focus on charitable work instead of sales [4][9]. - LGI Giving, the company's philanthropic initiative, anticipates donating upwards of $1 million in 2025 to support nonprofit organizations [5]. Group 2: Community Engagement - Employees volunteered with Angel Reach to landscape homes for youth transitioning to adult living, addressing issues of abuse, neglect, and homelessness [7]. - At SIRE Therapeutic Horsemanship, employees helped improve facilities to support individuals with disabilities through equine-assisted activities [3][6]. - The company also supported the Girl Scouts by painting camp facilities, enhancing the environment for their programs [10]. Group 3: Company Overview - LGI Homes, headquartered in The Woodlands, Texas, is a pioneer in the homebuilding industry, operating in 36 markets across 21 states [11]. - Since its founding in 2003, the company has closed over 75,000 homes and has consistently delivered profitable financial results [11]. - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2025 Award, reflecting its commitment to employee satisfaction and community involvement [11].
LGI Homes Expands Presence Near Buffalo with New Minneapolis-Area Community
Globenewswire· 2025-05-09 23:45
Core Insights - LGI Homes, Inc. has opened a new community named Northridge in Montrose, Minnesota, aimed at providing affordable, high-quality homes for buyers [1][3] - The community will feature 27 single-family homes designed for comfort and style, continuing LGI's successful homebuilding efforts in the region [2][5] - Homes in Northridge are priced starting in the mid-$300s, making them accessible for families seeking modern living without high costs [6] 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 [7] - 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 [7] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2024 Award, reflecting its commitment to employee satisfaction [7] Community Features - Northridge is strategically located 1.5 miles off US-12W, providing easy access to major employers, schools, and recreational areas in Buffalo and the Twin Cities metro [3] - The community includes amenities such as Northridge Park, which features walking trails, open green spaces, a playground, and an ice rink [3][4] - Homebuyers will benefit from the proximity to over 20 parks within a 10-mile radius, as well as various shopping and dining options in nearby Buffalo [4] Home Specifications - The homes at Northridge will include built-in designer upgrades as part of LGI's CompleteHome™ suite, featuring spacious entertaining areas and private owner suites [5] - Buyers can choose from four unique floor plans ranging from 1,157 to 2,317 square feet, with options for three to four bedrooms and two to two-and-a-half bathrooms [5] - Each home will come with attached two- to three-car garages, enhancing convenience for families [5]
LGI Homes(LGIH) - 2025 Q1 - Earnings Call Presentation
2025-05-09 19:21
In addition to the financial statements presented in accordance with U.S. generally accepted accounting principles ("GAAP"), LGI Homes uses certain non-GAAP financial measures, including Adjusted Gross Margin. Adjusted Gross Margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating LGI Homes' operating performance. LGI Homes defines Adjusted Gross Margin as Gross Margin less Capitalized Interest and adjustments resulting from the application of purchase accounting inc ...
LGI Homes Continues Growth in Tampa, Florida with Expansion in Spring Hill
Globenewswire· 2025-05-08 22:00
Core Insights - LGI Homes, Inc. is expanding its presence in the Tampa, Florida area by introducing new scattered lot homesites in Spring Hill, enhancing its footprint in the Nature Coast region [1][2] - The new homesites aim to meet the increasing demand for flexible, private, and move-in ready homes in established neighborhoods, thereby diversifying LGI's offerings [2][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 [6] - 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 [6] Product Offering - The new homes in Spring Hill range from 1,032 to 1,981 square feet, featuring two to four bedrooms and up to three bathrooms, all equipped with LGI's CompleteHome™ package [3][4] - Homes start in the $290,000s, providing affordability while maintaining a high standard of living [5] Market Position - Spring Hill's location along the Nature Coast is appealing to families, retirees, and outdoor enthusiasts, making it a strategic area for LGI Homes to target [4] - The company emphasizes a streamlined homebuying experience and unmatched value in both scattered lot homes and its existing community, Royal Highlands [4]