Latest news with #LGIHomes
Business Upturn
15 hours ago
- Business
- Business Upturn
LGI Homes Introduces Medley Park in Clayton, NC: A Stylish Townhome Community Close to Raleigh
CLAYTON, N.C., June 27, 2025 (GLOBE NEWSWIRE) — LGI Homes (NASDAQ: LGIH) is excited to unveil Medley Park, a vibrant new townhome community located in the heart of downtown Clayton, just a 30‑minute drive from Raleigh, North Carolina. Designed for families and first-time buyers, Medley Park introduces the 'Dagny' floor plan, a thoughtfully crafted three‑bedroom, two-and-a-half‑bath townhome spanning 1,231 square feet. The Dagny townhome presents modern, open‑concept living highlighted by a chef‑inspired kitchen with stunning granite countertops, stainless steel appliances, and designer wood cabinetry. Upstairs, you'll enjoy a spacious master suite complete with a walk‑in closet, two additional bedrooms, a full bath, and the convenience of a second‑floor laundry room. Exterior options enhance curb appeal and personalization, from stone‑accent facades to plank‑style siding, varied color palettes and trim, and even a front porch or stoop configuration, all contributing to a custom streetscape presence. The Dagny will start from $284,900. At Medley Park, LGI Homes brings quality finishes and energy-efficient design to every residence. Buyers will appreciate premium features included at no extra cost, such as granite countertops, energy-saving appliances, designer plumbing fixtures, crown-molding cabinets, and recessed LED lighting, reflecting the builder's dedication to delivering turnkey homes. Conveniently situated within walking distance of Clayton's downtown shops and restaurants, Medley Park also offers immediate access to green spaces and recreation, including the newly-opened Clayton Municipal Park, and easy commuting to employment hubs in Raleigh. Medley Park will open for sales on Saturday, June 28, with exclusive savings available for one weekend only. Prospective homeowners are invited to call (855) 687-8221 ext. 500 to request a VIP tour, or visit the sales office at 193 Seville Way, Clayton, NC 27520, open daily from 11 a.m. to 7 p.m. About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext. 2560 A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
3 days ago
- Business
- Yahoo
5 Insightful Analyst Questions From LGI Homes's Q1 Earnings Call
LGI Homes' first quarter was marked by a negative market reaction, as the company's results fell short of Wall Street expectations. Management attributed the underperformance to a combination of elevated mortgage rates and persistent affordability challenges, which led to slower sales during the early part of the quarter. CEO Eric Lipar highlighted that, despite strong buyer interest due to limited existing home inventory, the volatility in rates and buyer confidence remained significant headwinds. Additionally, a one-time expense related to the company's forward commitment incentive program further impacted margins and profitability. Is now the time to buy LGIH? Find out in our full research report (it's free). Revenue: $351.4 million vs analyst estimates of $370.1 million (10.1% year-on-year decline, 5% miss) Operating Margin: 0%, down from 4.8% in the same quarter last year Backlog: $406.2 million at quarter end, down 21.8% year on year Market Capitalization: $1.16 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Michael Rehaut (JPMorgan) pressed for details on the gross margin cadence and the impact of tariffs, to which CEO Eric Lipar explained that supplier price hikes and market uncertainty drove the downward revision to margin guidance. Trevor Allinson (Wolfe Research) inquired about the company's confidence in accelerating closings despite a slow start. Lipar noted that March saw a strong pick-up, and ongoing community openings should support higher absorption for the remainder of the year. Carl Reichardt (BTIG) questioned whether buyer confidence was affected by broader economic concerns. Lipar responded that today's buyers are more attuned to market dynamics and job market uncertainty, compared to prior years' entry-level buyers. Kenneth Zener (Seaport Research Partners) asked about the drivers of margin ramp-up and inventory levels. CFO Charles Merdian clarified that margins should improve modestly as volumes increase, with inventory levels likely staying similar by year-end. Jay McCanless (Wedbush) sought clarity on wholesale channel demand and the geographic mix of new community openings. Lipar indicated that wholesale demand is market-specific, and upcoming openings will be distributed across both higher-volume and higher-price markets. In the coming quarters, our team will be tracking (1) the extent and pace of cost pass-through from tariffs and supplier surcharges, (2) the effectiveness of buyer incentives in sustaining sales volumes amid affordability constraints, and (3) the impact of new community openings and salesforce maturation on absorption rates. Monitoring changes in the wholesale channel and geographic sales mix will also be important for understanding margin trends. LGI Homes currently trades at $50.72, down from $59.22 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
LGI Homes Launches 'Sunsational Summer Savings' National Sales Event
LGI Homes and Terrata Homes celebrates Sunsational Summer Savings. THE WOODLANDS, Texas, June 23, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) and its luxury brand, Terrata Homes, are excited to announce the launch of their highly anticipated Sunsational Summer Savings national sales event, offering limited-time incentives on beautiful, move-in ready homes across the country. Taking place now through August 10th, prospective homebuyers will have access to exclusive savings on select inventory homes in premier communities nationwide. Whether it's a first-time homebuyer looking for value or a move-up buyer seeking a high-end home in a scenic setting, this event provides the perfect opportunity to make a move before Summer's end. 'This event is all about making homeownership even more attainable for families this season,' said Rachel Eaton, Chief Marketing Officer of LGI Homes. 'With strong demand and limited inventory across many markets, our Sunsational Summer Savings event allows buyers to take advantage of exceptional value, quick move-in timelines, and the quality construction we're known for. We're thrilled to help more families achieve the dream of homeownership this Summer.' The Sunsational Summer Savings event includes special pricing and incentives that vary by community. During this event, customers can take advantage of exclusive interest rate incentives, builder-paid closing costs, and pricing incentives on select, move-in ready homes. Buyers are encouraged to act quickly, as incentives are available for a limited time and only while supplies last. Interested customers can visit or to learn more about available homes and schedule a tour. About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at MEDIA CONTACT: Rachel Eaton (281) 362-8998 ext. 2560 A photo accompanying this announcement is available at
Business Upturn
18-06-2025
- Business
- Business Upturn
LGI Homes Introduces Five New Floor Plans at Knights Bridge in Richburg, SC
By GlobeNewswire Published on June 18, 2025, 03:39 IST RICHBURG, S.C., June 17, 2025 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the release of five brand-new floor plans at Knights Bridge, its thriving new-home community located off I-77 just south of Rock Hill in Richburg, South Carolina. 'We're excited to unveil our enhanced floor plans at Knights Bridge, now offering five brand-new designs filled with premium upgrades – all in the same exceptional location our buyers already love. We are confident that Knights Bridge will continue to be a top choice for homebuyers seeking both quality and convenience,' stated Chris Cositore, Vice President of Sales at LGI Homes. The expansion of home offerings at Knights Bridge include diverse new layouts to meet the growing demand of buyers in the area. The newly introduced floor plans offer a range of options to suit varying needs and lifestyles. The Blanco is a three-bedroom, two-bathroom home spanning 1,316 square feet, featuring a cozy, open-concept design perfect for families or first-time buyers. Pricing starts at $313,900. is a three-bedroom, two-bathroom home spanning 1,316 square feet, featuring a cozy, open-concept design perfect for families or first-time buyers. Pricing starts at $313,900. The Cary , a spacious one-story home with three bedrooms, two-and-a-half bathrooms, and 1,552 square feet, offers an open-concept layout perfect for hosting. The Cary floor plans start at $321,900. , a spacious one-story home with three bedrooms, two-and-a-half bathrooms, and 1,552 square feet, offers an open-concept layout perfect for hosting. The Cary floor plans start at $321,900. The Carolina offers three bedrooms and two-and-a-half bathrooms across 1,700 square feet, with a spacious two-story layout and a covered back patio, perfect for enjoying evenings in the back yard. The Carolina is priced starting at $329,900 offers three bedrooms and two-and-a-half bathrooms across 1,700 square feet, with a spacious two-story layout and a covered back patio, perfect for enjoying evenings in the back yard. The Carolina is priced starting at $329,900 For those seeking additional room, the Avery delivers 1,800 square feet of bright, open living space with three bedrooms and two-and-a-half bathrooms. The Avery floor plan starts at $338,900. delivers 1,800 square feet of bright, open living space with three bedrooms and two-and-a-half bathrooms. The Avery floor plan starts at $338,900. Finally, coming soon, the Graham is the most expansive of the new offerings, featuring four bedrooms, two-and-a-half bathrooms, and 2,218 square feet, providing generous living areas and a game room, ideal for larger households. Pricing for the Graham will be announced later this summer. Homes at Knights Bridge include LGI's CompleteHome™ package, offering style, efficiency, and convenience. Each home features stainless steel Whirlpool® appliances, granite countertops, luxury vinyl plank flooring, and upper wood cabinets with crown molding. The package also includes front yard landscaping, designer lighting, and a stylish front door for added curb appeal. Energy-saving features like LED lighting, double-pane Low-E windows, and a programmable thermostat are built in, along with smart-home touches such as USB outlets and a Wi-Fi-enabled garage door opener. Knights Bridge offers fantastic amenities such as a children's playground, dog park, and covered picnic pavilion. Located near shopping, dining, and the Catawba River, Knights Bridge provides a quiet, wooded setting with easy access to Charlotte and Rock Hill, making it a peaceful and convenient place to call home. To learn more about the new floor plans or to schedule a private tour of Knights Bridge, interested homebuyers are encouraged to call (866) 888-6764 ext. 295 or visit About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at MEDIA CONTACT:Rachel Eaton (281) 362-8998 ext. 2560 A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Globe and Mail
18-06-2025
- Business
- Globe and Mail
LGI Homes Introduces Five New Floor Plans at Knights Bridge in Richburg, SC
RICHBURG, S.C., June 17, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the release of five brand-new floor plans at Knights Bridge, its thriving new-home community located off I-77 just south of Rock Hill in Richburg, South Carolina. 'We're excited to unveil our enhanced floor plans at Knights Bridge, now offering five brand-new designs filled with premium upgrades - all in the same exceptional location our buyers already love. We are confident that Knights Bridge will continue to be a top choice for homebuyers seeking both quality and convenience,' stated Chris Cositore, Vice President of Sales at LGI Homes. The expansion of home offerings at Knights Bridge include diverse new layouts to meet the growing demand of buyers in the area. The newly introduced floor plans offer a range of options to suit varying needs and lifestyles. The Blanco is a three-bedroom, two-bathroom home spanning 1,316 square feet, featuring a cozy, open-concept design perfect for families or first-time buyers. Pricing starts at $313,900. The Cary, a spacious one-story home with three bedrooms, two-and-a-half bathrooms, and 1,552 square feet, offers an open-concept layout perfect for hosting. The Cary floor plans start at $321,900. The Carolina offers three bedrooms and two-and-a-half bathrooms across 1,700 square feet, with a spacious two-story layout and a covered back patio, perfect for enjoying evenings in the back yard. The Carolina is priced starting at $329,900 For those seeking additional room, the Avery delivers 1,800 square feet of bright, open living space with three bedrooms and two-and-a-half bathrooms. The Avery floor plan starts at $338,900. Finally, coming soon, the Graham is the most expansive of the new offerings, featuring four bedrooms, two-and-a-half bathrooms, and 2,218 square feet, providing generous living areas and a game room, ideal for larger households. Pricing for the Graham will be announced later this summer. Homes at Knights Bridge include LGI's CompleteHome™ package, offering style, efficiency, and convenience. Each home features stainless steel Whirlpool® appliances, granite countertops, luxury vinyl plank flooring, and upper wood cabinets with crown molding. The package also includes front yard landscaping, designer lighting, and a stylish front door for added curb appeal. Energy-saving features like LED lighting, double-pane Low-E windows, and a programmable thermostat are built in, along with smart-home touches such as USB outlets and a Wi-Fi-enabled garage door opener. Knights Bridge offers fantastic amenities such as a children's playground, dog park, and covered picnic pavilion. Located near shopping, dining, and the Catawba River, Knights Bridge provides a quiet, wooded setting with easy access to Charlotte and Rock Hill, making it a peaceful and convenient place to call home. To learn more about the new floor plans or to schedule a private tour of Knights Bridge, interested homebuyers are encouraged to call (866) 888-6764 ext. 295 or visit About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek's list of the World's Most Trustworthy Companies. LGI Homes' commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at
