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LGI Homes, Inc. (LGIH)

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  • New home sales surge to highest level since before the Great Recession
    MarketWatch

    New home sales surge to highest level since before the Great Recession

    New home sales occurred at a seasonally-adjusted, annual rate of 1.011 million, the Census Bureau reported Thursday. The median sales price in July was $312,800, down from July’s median price. While existing-home sales have also occurred at a fast pace, the inventory of homes left on the market is fast dwindling.

  • LGI Homes expands presence and product offering in the Portland market with two new communities near Vancouver
    GlobeNewswire

    LGI Homes expands presence and product offering in the Portland market with two new communities near Vancouver

    Riverside Estates offers single-family homes priced from the $360s; 5th Plain Creek Station introduces new townhome plans priced from the $320s Portland Area Townhomes by LGI Homes at 5th Plain Creek Station. LGI Homes introduces upgraded townhomes in Vancouver at 5th Plain Creek Station.PORTLAND, Ore., Sept. 24, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) today announced the grand opening of two new communities in the greater Portland metro, both located north of the city in Clark County. Riverside Estates is a private neighborhood offering single-family homes in La Center, and 5th Plain Creek Station hosts a mix of upgraded townhomes and single-family homes in Vancouver. Located near I-5 North in La Center, the picturesque Riverside Estates community positions residents for an easy commute to major employers and popular attractions, as well as proximity to a variety of local amenities. “We are excited to announce the opening of our Riverside Estates community,” said Ryan Stokes, division president for LGI Homes. “This community provides Portland buyers an opportunity to own an affordable, new home in a beautiful surrounding within reach of work, schools, shopping and area attractions.”LGI plans to build 190 single-family homes at Riverside Estates, ranging in size from approximately 1,300 to over 2,300 square feet, with up to five bedrooms and three baths. The one- and two-story floor plans offered at this community feature sought-after open-concept entertaining areas, upgraded kitchens and spacious owner retreats. Each home at Riverside Estates comes equipped with LGI’s CompleteHome™ package, a full suite of designer upgrades including Whirlpool® kitchen appliances, granite countertops and durable plank flooring. Pricing begins in the $360s.Portland buyers are also encouraged to visit 5th Plain Creek Station by LGI Homes, located near I-205 and WA-500 in the Orchards area of Vancouver. “The grand opening of this community represents a milestone as we expand our product offering in the Portland market to include townhomes,” Stokes stated. “5th Plain Creek Station provides an option for low-maintenance homeownership at an exceptional value. LGI’s affordable pricing combined with today’s low interest rates truly makes this a once-in-a-lifetime opportunity to own a new home in the heart of Vancouver.”5th Plain Creek Station showcases a variety of floor plans, including four new townhome plans and one new single-family plan, in addition to two of LGI’s most popular single-family homes. The modern two-story townhomes range in size from over 1,300 to 2,600 square feet, with up to four bedrooms and two and a half baths. These upgraded homes include attached two-car garages, spacious entertaining areas and luxurious master suites. Townhome pricing begins in the $320s.Single-family home designs at 5th Plain Creek Station include stunning fireplaces, abundant closet space and flex rooms. Ranging in size from approximately 1,500 to 2,100 square feet, the two-story homes offer up to four bedrooms and two and a half baths.  Every home at 5th Plain Creek Station is outfitted with LGI’s CompleteHome Plus™ package, featuring designer upgrades such as granite countertops, 42-inch upper kitchen cabinets, stainless steel Whirlpool® kitchen appliances, luxury vinyl plank flooring, window blinds and ceiling fans.For additional information, or to schedule a private tour at one of these new communities, interested homebuyers are encouraged to visit www.LGIHomes.com/Portland to contact their preferred community. To accommodate homebuyers at this time, LGI Homes’ information centers are open for tours by appointment only and are in compliance with Centers for Disease Control and Prevention and local safety guidelines.About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Recently recognized as the 10th largest residential builder in America, based on units closed, the Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 40,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com.MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext. 2560A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92366c93-5c8c-4b52-b03d-35c2f365e2c4

  • LGI Homes Announces New Community Near Austin
    GlobeNewswire

    LGI Homes Announces New Community Near Austin

    The spacious Travis plan is now available at Homestead Estates in Elgin, Texas. The stunning Travis plan offers an incredible amount of space with five bedrooms, a spacious family room and a large, upstairs game room.ELGIN, Texas, Sept. 22, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of its newest community in the Austin market, Homestead Estates, offering an astounding line up of superior-quality homes with home prices starting in the $210s. Ideally located in Elgin, Texas, Homestead Estates is situated less than five minutes from Highway 290, allowing residents to get anywhere quickly. This premier location places homeowners in great proximity to downtown Austin, several local attractions, great shopping, dining and a host of major employers. Inside the community, LGI Homes is constructing a brand-new park with a children’s playground and a covered picnic pavilion. For those residents who live a more active lifestyle, there will also be a sand volleyball court and a community soccer field. Additionally, there are several open green areas and walking trails throughout this family-friendly neighborhood.At Homestead Estates, LGI Homes is constructing a variety of three-, four- and five-bedroom homes ranging in size from 1,525 square feet to just over 2,500 square feet. Every new home in this community is designed with highly sought-after features such as open floor plans, spacious kitchens and designer finishes. Every new home will come with LGI Homes’ CompleteHome™ package, showcasing incredible upgrades such as a full suite of energy-efficient Whirlpool® kitchen appliances, sparkling granite countertops, 36” wood cabinetry with crown molding detail, luxurious vinyl-plank flooring and a Wi-Fi-enabled garage door opener. Additionally, every new home boasts energy-efficient features, such as double-pane Low-E vinyl windows and programmable thermostats.“Homestead Estates is an incredible community and we are excited to bring affordable, high quality homes to the area,” said Parker Scott, division president of LGI Homes. “This community is in a premier location near major employers and attractions, and combined with our simplified buying process, it’s truly a once-in-a-lifetime opportunity for Austin area homebuyers.”For additional information on available homes, or to schedule a private tour at Homestead Estates, interested homebuyers are encouraged to call the community directly at (866) 702-6757 ext 829. To accommodate homebuyers during this time, the Homestead Estates information center is open for tours by appointment only and is in compliance with Centers for Disease Control and Prevention and local safety guidelines.About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and Virginia. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 17 years of homebuilding operations, over which time it has closed more than 40,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.LGIHomes.com.MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext. 2560A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e580b5da-aea2-45aa-83a9-abcd97c763e3