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LGI Homes reports 504 home closings in August; company had 93 active selling communities as of Aug. 31

LGI Homes reports 469 home closings in July; company had 93 active selling communities as of Jul. 31

LGI Homes Q2 2022 Earnings Call - Transcript

LGI Homes reports Q2 net income up 4.4% year-over-year to US$123.4M on home sales revenues down 8.6% to US$723.1M, closings fell 29.0% to 2,027 homes; 5.0% improvement in gross margin to 32% and 4.6% improvement in adjusted gross margin to 33.1%

LGI Homes announced further expansion into Charlotte, North Carolina market with opening of new community, Colonial Crossing; community offers one, two-story single-family homes with up to five bedrooms ranging from 1,601 sq. ft. to 2,805 sq. ft.

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