LGI Homes sees Q3 home closings between 1,100-1,300

The Company is providing the following guidance for the third quarter of 2025: Active selling communities at the end of the third quarter of 2025 of approximately 145; Average sales price per home closed between $360,000 and $365,000; Gross margin as a percentage of home sales revenues between 21.5% and 22.5%; Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 24.0% and 25.0% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin; SG&A as a percentage of home sales revenues between 15.0% and 16.0%; Effective tax rate of approximately 24.5%