LGI Homes Achieves Significant Milestone of 50,000th Home Closing Since Inception
June 28 2021 - 3:01PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced the closing of the
Company’s 50,000th home since its inception in 2003.
“From the beginning, our focus has been on fulfilling our
customers’ dreams of homeownership,” said Eric Lipar, Chairman and
Chief Executive Officer of LGI Homes. “We are pleased to announce
that we moved our 50,000th family into an LGI home. This is a
monumental occasion, and we could not have achieved this important
milestone without the efforts and dedication of our talented
employees and preferred partners.”
Since 2003, LGI Homes has grown its operations to 35 markets
across 19 states and focuses on constructing quality homes at
affordable prices. Driven by a commitment to its customers and its
desire to make dreams of homeownership come true, LGI has offered
innovative designs filled with modern conveniences to bring joy to
customers nationwide.
LGI Homes continues to innovate, while focusing on delivering
high-quality homes at affordable prices for first time homebuyers
across the nation. One of the Company’s hallmarks is including all
upgrades in every home, and in 2019 LGI furthered this commitment
through the launch of its CompleteHome™ and CompleteHome Plus™
interior packages. These packages added even more modern finishes
and premium upgrades, such as stainless steel Whirlpool®
appliances, granite or quartz countertops, undermount sinks, and
Moen® fixtures to every LGI home. Today, LGI continues to focus on
the expectations of its customers by providing energy-efficient
features, such as WaterSense plumbing fixtures, double-pane Low-E
windows, ENERGY STAR appliances, LED lighting, and integrated
technology offerings such as a programmable thermostat, USB
compatible outlet in the kitchen, and Wi-Fi-enabled garage door
openers in each home.
Lipar continued, “Our Company continues to deliver on its
promises of exceptional customer service and superior quality. We
have streamlined our construction process to meet the needs of our
target customer segment, keeping convenience, comfort and
affordability at the forefront of our product offerings. Further,
our simplified buying process enables our customers to achieve
their dreams of homeownership with ease. This commitment to our
customers, coupled with an intense focus on operational efficiency,
has fueled LGI’s rapid growth and enabled our Company to
consistently deliver industry-leading financial performance. We are
proud of our accomplishments as an organization and this latest
milestone is one of many successes we will celebrate along our path
to becoming a top 5 homebuilder.”
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, Virginia and Pennsylvania. 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 18 years of
homebuilding operations, over which time it has closed more than
50,000 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. 2560
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d212d867-7cc2-4b93-b4a9-e8420a62472d.
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