LGI Homes Achieves Record Annual Home Closings in 2024

Impressive Growth Achieved by LGI Homes in 2024

LGI Homes, Inc. (NASDAQ: LGIH) has made headlines with its exceptional performance in home closings throughout 2024. In December alone, the company proudly announced the successful closing of 580 homes, which contributed to an impressive total of 6,131 homes sold for the entire year. This achievement reflects the company’s commitment to excellence and its adaptive strategies that resonate well in the competitive homebuilding market.

Quarterly Performance Highlights

The fourth quarter of 2024 marked a significant milestone for LGI Homes, as it closed 1,636 homes. This success included a strategic bulk sale of 103 leased, single-family homes that occurred in November. The positive trajectory was greatly aided by the company's extensive network of active selling communities, amounting to 151 as of December 31, 2024.

Team Efforts Shine Through

Eric Lipar, the Chief Executive Officer and Chairman of the Board at LGI Homes, commended his teams for their dedication and hard work that propelled the company toward achieving its targets. "Our teams across the country delivered a strong finish to the year," stated Lipar. This sentiment highlights the collective effort of all employees in enhancing LGI Homes' brand strength across various neighborhoods.

Looking Ahead to 2025

As LGI Homes moves forward, there is a palpable sense of excitement regarding the upcoming earnings conference call slated for February. During this session, the company intends to share detailed insights regarding its 2024 performance and its strategic outlook for 2025, promising an engaging discussion that investors will closely follow.

Conference Call Details

On February 25, 2025, LGI Homes will release its financial results for both the fourth quarter and the entirety of 2024 before markets open. A conference call is scheduled for 12:30 p.m. Eastern Time to discuss these results with stakeholders and analysts. Participants can expect a comprehensive overview of the company's standings and plans moving forward.

The Commitment of LGI Homes

Established in 2003, LGI Homes has rapidly ascended within the homebuilding sector, having closed over 75,000 homes to date. The company’s innovative approach combines design and construction, achieving both quality and satisfaction in homeownership. Recognized for its contributions to the industry, it continues to receive accolades for its exceptional service and workplace culture.

Recognitions and Awards

LGI Homes has earned a place on Newsweek’s list of the World’s Most Trustworthy Companies, highlighting its strong reputation and commitment to customer service. Furthermore, the company has been recognized with the Top Workplaces USA 2024 Award, reflecting its positive work environment and employee satisfaction.

Contact and More Information

For those seeking more information about LGI Homes' innovative business model and dedication to quality, the company’s website provides a wealth of resources. Interested parties can learn how LGI Homes is making homeownership accessible for families across the country.

Get in Touch

Joshua D. Fattor, the Executive Vice President of Investor Relations and Capital Markets, can be reached at (281) 210-2586 or through email at investorrelations@lgihomes.com for any inquiries or further information regarding LGI Homes.

Frequently Asked Questions

What is LGI Homes’ recent achievement in home closings?

LGI Homes closed a total of 6,131 homes in 2024, showcasing exceptional growth and performance.

How many homes did LGI Homes close in December 2024?

The company successfully closed 580 homes in December 2024.

What are the future plans for LGI Homes in 2025?

LGI Homes plans to discuss its outlook for 2025 in an upcoming earnings conference call scheduled for February.

When will LGI Homes release its earnings for 2024?

The financial results for the fourth quarter and full year of 2024 will be released on February 25, 2025.

Who can I contact for more information about LGI Homes?

Joshua D. Fattor, the Executive Vice President of Investor Relations, is available at (281) 210-2586 or via email at investorrelations@lgihomes.com.

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