LGI Homes, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Eric Thomas Lipar
- Full Time Employees
- 1,000
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Address
- 1450 Lake Robbins Drive The Woodlands TX United States of America 77380
- IPO Date
- Nov 7, 2013
- CIK
- 0001580670
- Website
- lgihomes.com
- Similar Companies
- Business
- LGI Homes, Inc. is a national homebuilder engaged in the design, construction, and sale of new homes primarily targeting entry-level homebuyers and active adults under the LGI Homes brand, with luxury homes marketed under its Terrata Homes brand. The company operates in 36 markets across 21 states in the United States, including Texas, Arizona, Florida, Georgia, North Carolina, California, and others. Its products include detached and attached single-family homes, townhomes, active adult lifestyle homes, and luxury homes, offering features such as the CompleteHome and CompleteHome Plus packages with upgraded finishes and energy-efficient components. LGI Homes also conducts a wholesale business that builds and sells homes in bulk primarily to institutional buyers acquiring single-family rental properties and engages in strategic joint ventures providing mortgage and insurance services under LGI Mortgage Solutions and LGI Insurance Solutions. Founded in 2003 and headquartered in The Woodlands, Texas, LGI Homes has closed over 75,000 homes since inception and ended 2024 with 6,131 home closings and 151 active communities, representing a 29.1% increase in community count year over year. The company maintains a flexible land acquisition strategy, acquiring raw and finished lots typically further from urban centers but with access to retail and business hubs. Recent operational expansions include growth in the wholesale rental home business and the ongoing development of its Terrata luxury home brand, with 318 luxury homes closed in 2024 at an average price of $637,000. LGI Homes emphasizes efficient construction management, long-term supplier relationships, and digital and direct marketing strategies targeting renters transitioning to homeownership. The company is publicly traded on NASDAQ under the symbol LGIH. Recent major developments include a focus on increasing its active community count to over 150 nationwide, strategic land acquisitions to support diverse home price points, and continued expansion of its wholesale homebuilding operations. LGI Homes also reports improvements in profitability and operational execution in 2024 despite a mixed macroeconomic environment, and it is recognized for workplace excellence and customer service quality.
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