LGI Homes announces record June and second quarter


THE WOODLANDS, Texas, July 06, 2021 (GLOBE NEWSWIRE) – LGI Homes, Inc. (NASDAQ: LGIH) today announced it has closed 997 homes in June 2021, up from 760 homes closed in June 2020, representing one year in l further growth of 31.2%. In addition, the Company announced record quarterly closings of 2,856 in the second quarter of 2021, compared to 2,005 closings in the second quarter of 2020, an increase of 42.4% year-over-year. The Company ended the first six months of 2021 with a total of 5,417 closings, an increase of 41.1% over the 3,840 closings in the first six months of 2020.

As of June 30, 2021, the Company had 106 active selling communities.

The Company expects to release financial results for the second quarter ended June 30, 2021 before market opens on Tuesday, August 3, 2021. The Company will hold a conference call at 12:30 pm Eastern time the same day to discuss results.

A link to the live audio webcast will be provided via the Investors page of the Company’s website at www.investor.lgihomes.com in the Events and Presentations section.

The call is also accessible by dialing (855) 433-0929 for domestic participants or (970) 315-0256 for international participants. Participants should request the LGI Homes Earnings conference call or reference number 7269003.

An archive of the webcast will be available for replay on the Company’s website for one year from the date of the conference call.

About LGI Homes, Inc.

Based in The Woodlands, Texas, LGI Homes, Inc. is dedicated to the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, Carolina from North, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. As of 2018, LGI Homes has been ranked the 10th largest home builder in the United States on the basis of closed units. The company has a notable legacy of over 18 years of residential construction activity, during which it has closed more than 50,000 homes. For more information on the company and its new residential developments, please visit the company’s website at www.lgihomes.com.

CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2619
investor [email protected]


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