LGI Homes ( (LGIH) ) just unveiled an announcement.
LGI Homes reported a robust third quarter for 2024, with home sales revenue rising by 5.6% to $651.9 million and an increased average sales price per home of $371,004. Despite a slight increase in home closings, the company’s focus on pricing and incentives led to a gross margin of 25.1%. The firm has adjusted its full-year guidance, projecting home closings between 6,100 and 6,400, showcasing a commitment to growth amid industry challenges. Investors can expect continued focus on profitability and strategic expansion.
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