YOUNGSVILLE, N.C., March 10, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce the grand opening of a new section at Timberlake Preserve, a beautiful community located just northeast of Raleigh in Youngsville, North Carolina. This expanded section offers a selection of upgraded new homes, providing homebuyers with an exceptional opportunity to purchase their dream home in a perfect place for growing families. Timberlake Preserve presents an array of thoughtfully designed three-, four-, and five-bedroom homes, featuring modern layouts and sought-after upgrades. The community offers both one- and two-story floor plans, allowing buyers to select the layout that

PORTLAND, Ore., March 10, 2025 (GLOBE NEWSWIRE) -- LGI Homes (NASDAQ:LGIH) is proud to announce the grand opening of two exciting new communities near Portland, Oregon, expanding its presence in the region. These two communities, Dove Landing and Copper Heights, are designed to cater to a variety of homebuyers, with distinct offerings from LGI Homes and its luxury brand, Terrata Homes. "We are excited to announce the opening of Dove Landing and Copper Heights. These two new communities offer diverse new home options for customers looking to buy in the Portland area," said Armando Gonzales, Vice President of Sales for SW Washington and Oregon. Dove Landing – A New Community by LGI Homes

ROCK HILL, S.C., March 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce that its luxury brand, Terrata Homes, is now selling homes at Stoneridge Hills, a new master-planned community in Rock Hill, South Carolina. This exceptional community provides homebuyers with a variety of well-crafted homes, all featuring modern designs and upgrades, all conveniently situated near the I-77 corridor, providing easy access to Charlotte, North Carolina. "Stoneridge Hills provides unwavering quality and craftsmanship at an unbeatable value," stated Chris Cositore, Vice President of Sales for South Carolina. "Stoneridge Hills is conveniently located just outside of Charlot

THE WOODLANDS, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 351 homes in February 2025. As of February 28, 2025, the Company had 150 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 companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction

THE WOODLANDS, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2024. "In the face of a mixed macroeconomic backdrop, our strong finish in the fourth quarter enabled us to meet, and in many cases exceed, our strategic goals for 2024," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Our strong execution in the fourth quarter resulted in full year closings of 6,131 homes, including the bulk sale of 103 leased, single-family homes. We successfully ended the year with a record high 151 active communities, an impressive increase of 29.1%. We made significant progress

STOCKTON, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is pleased to announce the grand opening of Ligurian Village, a brand-new community located in Stockton, California. Offering a selection of affordable new homes with built-in upgrades, Ligurian Village provides homebuyers with a simplified and budget-friendly path to homeownership. Ligurian Village features brand-new three-, four-, and five-bedroom homes designed with spacious, open layouts. Each home includes LGI Homes' CompleteHome™ package, offering sought-after upgrades such as Whirlpool® kitchen appliances, granite countertops, modern plank flooring and more—all included in the base price.

ATLANTA, Feb. 21, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the recent opening of two exceptional new communities in the northeast Atlanta area: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood. These beautiful neighborhoods offer newly constructed homes starting in the low-$300s in prime locations that combine comfort and convenience. Lake Preserve at Jackson Trail – Jefferson, GA Nestled in the serene town of Jefferson, Lake Preserve at Jackson Trail provides homebuyers with a peaceful atmosphere while offering easy access to local parks, dining, shopping and the town of Athens. This tranquil community is perfect for those seeking a peac

AUSTIN, Texas, Feb. 19, 2025 (GLOBE NEWSWIRE) -- LGI Homes is excited to announce the grand opening of a new section at Homestead Estates, an incredible community located in Elgin, Texas. This new section offers an array of beautifully designed, affordable and upgraded homes, giving homebuyers the opportunity to own a brand-new home in a highly desirable location starting in the $290s. Homestead Estates offers a variety of brand-new one- and two-story homes, perfect for families and individuals seeking exceptional value in a vibrant community. The homes in this new section include brand-new floor plans with three to five bedrooms and feature spacious, open layouts, ideal for modern living

OKLAHOMA CITY, Feb. 17, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the recent opening of two new communities in the Oklahoma City market: The Enclave at Creekside Village and Hollow Brook. Both communities offer prospective homeowners high-quality, newly constructed homes in prime locations, designed with family living in mind. The Enclave at Creekside Village – Yukon, OK Located in the charming town of Yukon, The Enclave at Creekside Village provides homebuyers with a selection of spacious one- and two-story floor plans ranging from 1,152 to 2,483 square feet. Homes in this community feature three to five bedrooms and come equipped with LGI Homes' CompleteHome Plus

SAN JACINTO, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announces the grand opening of Esplanade, a brand-new community in the rapidly expanding city of San Jacinto, California. Offering a selection of affordable new homes with built-in upgrades, Esplanade provides homebuyers with a simplified and affordable path to homeownership. Esplanade features brand-new, three-, four- and five-bedroom homes designed with spacious, single-story layouts. Each home includes LGI Homes' CompleteHome™ package, which adds value with sought-after upgrades such as Whirlpool® kitchen appliances, granite countertops and modern plank flooring included in the base price. "Esplanade

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Seaport Research Partners upgraded LGI Homes from Sell to Neutral

Wedbush upgraded LGI Homes from Underperform to Neutral and set a new price target of $125.00 from $97.00 previously

Seaport Research Partners downgraded LGI Homes from Neutral to Sell and set a new price target of $85.00

Wedbush downgraded LGI Homes from Neutral to Underperform and set a new price target of $74.00 from $88.00 previously

BTIG Research upgraded LGI Homes from Sell to Neutral

Seaport Research Partners initiated coverage of LGI Homes with a rating of Buy and set a new price target of $156.00

BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $73.00

BTIG Research upgraded LGI Homes from Sell to Neutral

BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $98.00

JP Morgan reiterated coverage of LGI Homes with a rating of Underweight and set a new price target of $96.00 from $125.00 previously

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THE WOODLANDS, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2024. "In the face of a mixed macroeconomic backdrop, our strong finish in the fourth quarter enabled us to meet, and in many cases exceed, our strategic goals for 2024," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Our strong execution in the fourth quarter resulted in full year closings of 6,131 homes, including the bulk sale of 103 leased, single-family homes. We successfully ended the year with a record high 151 active communities, an impressive increase of 29.1%. We made significant progress

THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024. As of December 31, 2024, the Company had 151 active selling communities. "Our teams across the country delivered a strong finish to the year," said Eric Lipar, LGI Homes' Chief Executive Officer and Chairman of the Board. "We closed 580 homes across 151 active communities in December, enabling us to achieve our guidance targets for full year home c

THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights Home sales revenues increased 5.6% to $651.9 millionHome closings increased 0.3% to 1,757 homesAverage sales price per home closed increased 5.2% to $371,004Gross margin as a percentage of home sales revenues decreased 60 basis points to 25.1%Adjusted gross margin* as a percentage of home sales revenues was 27.2% in both comparable periodsNet income before income taxes increased 2.7% to $91.9 millionNet income increased 3.8% to $69.6 million, or $2.96 basic EPS and $2

THE WOODLANDS, Texas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 579 homes in September 2024, a 7.2% year-over-year increase, resulting in a total of 1,757 homes closed during the third quarter of 2024. As of September 30, 2024, the Company had 138 active selling communities. The Company plans to release financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.

THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the second quarter 2024 and the six months ended June 30, 2024. Second Quarter 2024 Highlights Home sales revenues of $602.5 millionHome closings of 1,655Average sales price per home closed of $364,047Gross margin as a percentage of home sales revenues of 25.0%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 27.0%Net income before income taxes of $76.9 millionNet income of $58.6 million, or $2.49 basic EPS and $2.48 diluted EPS Six Months Ended June 30, 2024 Highlights Home sales revenues of $993.3 millionHome closings of 2,738Average sa

THE WOODLANDS, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 571 homes in June 2024. In addition, the Company announced quarterly home closings of 1,655 during the second quarter of 2024. As of June 30, 2024, the Company had 128 active selling communities. The Company plans to release financial results for the second quarter ended June 30, 2024 before the market opens on Tuesday, July 30, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com un

THE WOODLANDS, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Home sales revenues of $390.9 millionHome closings of 1,083Average sales price per home closed of $360,897Gross margin as a percentage of home sales revenues of 23.4%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 25.3%Net income before income taxes of $23.1 millionNet income of $17.1 million, or $0.72 basic EPS and $0.72 diluted EPSActive selling communities at March 31, 2024 of 120Total owned and controlled lots of 70,145Ending backlog of 1,335 homes valued at $51

THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024. As of March 31, 2024, the Company had 120 active selling communities. The Company will release financial results for the first quarter ended March 31, 2024, before the market opens on Tuesday, April 30, 2024 and will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com under the Events and Presentations section

THE WOODLANDS, Texas, April 02, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH), one of the nation's largest and most recognized homebuilders, announced today that it received the 2024 Top Workplace USA award issued by Energage and USA Today. This is LGI Homes' 4th consecutive year to receive this distinction. "It is a tremendous honor to be recognized as a 2024 Top Workplace USA for the fourth consecutive year," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "At LGI Homes, we are focused on maintaining a positive environment where top talent can thrive as our business grows. This award is a testament to LGI Homes' strong corporate culture and our dedication to

THE WOODLANDS, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2023. "We delivered a strong performance in the fourth quarter and successfully achieved all of our guidance targets for 2023," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "At the same time, we laid the foundation for profitable growth for years to come. "Our strong execution in the fourth quarter resulted in full year closings of 6,729 homes and revenue of $2.4 billion. We believe these results make us one of just a few homebuilders to have delivered growth in both of these metrics in 20

THE WOODLANDS, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Maria Renna Sharpe as a new independent director to its Board. Ms. Sharpe brings more than 37 years of legal, human resources and accounting expertise to LGI Homes. She is the Managing Principal of Sharpe Human Solutions, LLC, a human resource consulting and commercial real estate investment company, and is a member of the Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) where she serves as Chair of the Compensation and Human Capital Committee. Ms. Sharpe served as Senior Vice President, Global Human Capital Management, Services & Operations at PepsiCo

THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Shailee Parikh as a new independent director to its Board, effective December 31, 2021. As Global Head of Strategy and Solution Development for Health Solutions at Aon plc, a leading global professional services firm, Ms. Parikh is responsible for leading strategic planning, solution design and development, and product lifecycle management for Aon's Health business. Prior to Ms. Parikh's current role, she has held various leadership positions within Aon including Chief Financial Officer of EMEA, Aon Hewitt; Senior Vice President, Global Business Services; and Chief