LGIH - LGI Homes Inc8:00:00 PM 5/28/2024
+ 0.10 (0.11%)
LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the 10th largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018. LGI Homes was founded in 2003 in The Woodlands, Texas by Thomas Lipar and began building in the Houston area. LGI Homes focuses on entry-level housing in the vicinity of major metropolitan areas. Its primary customer is the first-time homebuyer. The company saw sales trend upward from 2006 to 2008, when it was the only builder in the Builder Magazine Top-200 builders to generate unit sales and see revenue growth across that period. The company's growth slowed in 2009, when LGI Homes experienced a 9% drop in home sales, year-over-year.
Quarterly financials
(USD)Mar 2024Q/Q
Gross Profit91.4MM-
Cost Of Revenue299.4MM-36%
Operating Income18.7MM-69%
Operating Expenses72.7MM-
Net Income17.1MM-67%
Interest Expense0-
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Stock news

    THE WOODLANDS, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the success of Service Impact Day 2024. During this special event, every LGI Homes employee turns from their focus on sales and closings and dedicates an entire day to supporting local charities through volunteerism and financial gifts. “Service Impact Day is one of the most significant and rewarding days of the year,” stated Eric Lipar, Chief Executive Officer and Chairman of LGI Homes. “S

    The Henry at Cambridge Cove by LGI Homes Cambridge Cove by LGI Homes offers a variety of brand-new, move-in ready homes located off MN-65 in Cambridge. CAMBRIDGE, Minn., May 17, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the grand opening of Cambridge Cove, a new single-family home community located north of Minneapolis in Cambridge. Of the six plans built by LGI Homes at this community, five are brand-new to the Minneapolis market. Cambridge Cove’s convenient locati

    As the Dow Jones Industrial Average approaches the historic 40,000 mark, reflecting a robust economic backdrop and resilient corporate earnings, investors are keenly observing market trends and opportunities. In such a buoyant environment, growth companies with high insider ownership often signal strong confidence in the company's future prospects from those who know it best—its insiders.

    The Del Mar at Northgate by LGI Homes Northgate by LGI Homes offers a variety of brand-new, move-in ready homes located off I-10 in Indio. INDIO, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Riverside, California market, Northgate. Located in the Coachella Valley, Northgate offers brand-new homes surrounded by incredible mountain views. “We are proud to provide the opportunity of homeownership in Indio. The demand f

    Building smaller has become a means for builders to capture first-time buyers who are struggling to buy homes as mortgage rates stay high.

    In this article, we will be covering the 25 countries with the lowest home ownership rates. If you wish to skip our detailed analysis, you can move directly to the 5 Countries with the Lowest Home Ownership Rates. Home Ownership Across Borders: An Overview As reported by the World Economic Forum, the ratio of home […]

    The Imperial at Diamond Bar East by LGI Homes Diamond Bar East by LGI Homes offers a variety of brand-new, move-in ready homes located in Riverbank near Modesto. RIVERBANK, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of its second community in the Modesto, California, market, Diamond Bar East. This incredible community offers a variety of one and two-story homes and is located northeast of Modesto in the friendly town of Riverbank. “We are

    The Pismo Plan by LGI Homes at Morningstar Ranch LGI Homes announces the grand opening of a new section at Morningstar Ranch, a beautiful community in Bakersfield, California. BAKERSFIELD, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the opening of a new section at Morningstar Ranch, its first community in Bakersfield. This community offers single story homes in a highly sought after area and is a quick 10-minute drive to downtown Bakersfield. “We are proud t

    LGI Homes ( NASDAQ:LGIH ) First Quarter 2024 Results Key Financial Results Revenue: US$390.9m (down 20% from 1Q 2023...

    THE WOODLANDS, Texas, May 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 505 homes in April 2024. As of April 30, 2024, the Company had 127 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing