LGI Homes, Inc. Reports March and First Quarter 2017 Home Closings
April 05 2017 - 6:54PM
LGI Homes, Inc. (Nasdaq:LGIH) today announced 365 homes closed
in March 2017, compared to 367 home closings in March 2016. In
addition, the Company announced quarterly closings of 761 for the
first quarter of 2017, compared to 844 home closings during the
first quarter of 2016.
As of the end of March 2017, the Company had 69 active
selling communities.
“Although closings for the first quarter are down year over
year, sales continue to be strong and demand for homeownership
remains solid,” said Eric Lipar, the Company’s Chief Executive
Officer and Chairman of the Board. “Assuming that general economic
conditions, including interest rates and mortgage availability, in
the remainder of 2017 are similar to those in the first quarter of
2017, we believe we are on track to close more than 4,700 homes in
2017.”
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages
in the design, construction and sale of homes in Texas, Arizona,
Florida, Georgia, New Mexico, Colorado, North Carolina, South
Carolina, Washington and Tennessee. The Company has a notable
legacy of more than 14 years of homebuilding operations, over which
time it has closed over 16,000 homes. For more information about
the Company and its new home developments, please visit the
Company's website at www.LGIHomes.com.
Forward-Looking Statements
Any statements made in this press release that are not
statements of historical fact, including statements about the
Company's beliefs and expectations for 2017 home closings, are
forward-looking statements within the meaning of the federal
securities laws, and should be evaluated as such. For more
information concerning factors that could cause actual results to
differ materially from those contained in the forward-looking
statements please refer to the "Risk Factors" section, including,
without limitation, the risk factor entitled "Cautionary Statement
about Forward-Looking Statements" in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2016 filed by the
Company with the Securities and Exchange Commission on March 7,
2017. The Company bases these forward-looking statements on its
current expectations, plans and assumptions that it has made in
light of its experience in the industry, as well as its perceptions
of historical trends, current conditions, expected future
developments and other factors it believes are appropriate under
the circumstances and at such time. As you read and consider this
press release, you should understand that these statements are not
guarantees of future performance or results. The forward-looking
statements are subject to and involve risks, uncertainties and
assumptions and you should not place undue reliance on these
forward-looking statements. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
CONTACT:
Investor Relations
Caitlin Stiles, (281) 210-2619
InvestorRelations@LGIHomes.com
LGI Homes (NASDAQ:LGIH)
Historical Stock Chart
From Mar 2024 to Apr 2024
LGI Homes (NASDAQ:LGIH)
Historical Stock Chart
From Apr 2023 to Apr 2024