LGI Homes ( (LGIH) ) has issued an announcement.
LGI Homes reported its financial results for the fourth quarter and full year 2024, highlighting a strong finish despite a mixed macroeconomic environment. The company achieved full-year closings of 6,131 homes and increased its active communities by 29.1% to a record 151. While home sales revenues decreased by 6.6% to $2.2 billion, the average sales price per home rose by 4.2% to $365,394. Looking ahead to 2025, LGI Homes projects home closings between 6,200 and 7,000, with a focus on maintaining profitability through strategic investments and operational discipline.
More about LGI Homes
LGI Homes, Inc., headquartered in The Woodlands, Texas, is a prominent player in the homebuilding industry, known for its innovative approach to designing, constructing, and selling homes across 36 markets in 21 states. Since its founding in 2003, the company has closed over 75,000 homes and is recognized for its quality construction and customer service.
YTD Price Performance: -12.65%
Average Trading Volume: 206,927
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.79B
Learn more about LGIH stock on TipRanks’ Stock Analysis page.