LGI Homes reports a 19.7% increase in May 2026 home closings, totaling 498 homes, with 150 active selling communities.
Quiver AI Summary
LGI Homes, Inc. announced that it closed 498 homes in May 2026, marking a 19.7% increase from the 416 homes closed in May 2025. This total includes 24 single-family rental homes that were currently or previously leased. As of the end of May 2026, the company had 150 active selling communities. LGI Homes, based in The Woodlands, Texas, is known for its innovative approach to the homebuilding industry, having closed over 80,000 homes since its establishment in 2003. The company has received national recognition for its quality construction and customer service, including a spot on Newsweek's list of the World’s Most Trustworthy Companies, and has earned multiple workplace awards. For additional information, interested parties can visit their website.
Potential Positives
- LGI Homes closed 498 homes in May 2026, marking a 19.7% increase compared to 416 homes closed in May 2025, indicating strong sales growth.
- The company has 150 active selling communities as of May 31, 2026, demonstrating a robust market presence and expansion capability.
- LGI Homes has been recognized on Newsweek’s list of the World’s Most Trustworthy Companies, enhancing its reputation and credibility in the industry.
- The company has received the Top Workplaces USA 2026 Award, reflecting its positive workplace culture and employee satisfaction, which can contribute to better performance and retention.
Potential Negatives
- Notably, the press release highlights only a modest increase in home closings (19.7% from the previous year), which may indicate a slower growth compared to industry standards or expectations.
- The mention of 24 single-family rental homes being included in the closing figures may raise concerns about the company's reliance on this sector rather than purely home sales.
- The press release lacks detailed information on the company's financial performance or profitability for the month of May 2026, leaving questions about the overall health of the business.
FAQ
What recent achievement did LGI Homes announce?
LGI Homes announced the closing of 498 homes in May 2026, a 19.7% increase from the previous year.
How many homes has LGI Homes closed since its founding?
Since its founding in 2003, LGI Homes has closed over 80,000 homes.
Where is LGI Homes headquartered?
LGI Homes is headquartered in The Woodlands, Texas.
What recognition has LGI Homes received for workplace culture?
LGI Homes received the Top Workplaces USA 2026 Award for its commitment to a positive workplace culture.
In how many markets does LGI Homes operate?
LGI Homes operates in 36 markets across 21 states.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LGIH Insider Trading Activity
$LGIH insiders have traded $LGIH stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.
Here’s a breakdown of recent trading of $LGIH stock by insiders over the last 6 months:
- ERIC THOMAS LIPAR (CEO and Chairman of the Board) has made 0 purchases and 6 sales selling 39,898 shares for an estimated $1,675,684.
- MICHAEL LARRY SNIDER (President and COO) has made 0 purchases and 6 sales selling 13,887 shares for an estimated $583,777.
- CHARLES MICHAEL MERDIAN (CFO and Treasurer) has made 0 purchases and 3 sales selling 7,211 shares for an estimated $303,134.
- SCOTT JAMES GARBER (General Counsel and Secretary) has made 0 purchases and 3 sales selling 1,353 shares for an estimated $56,877.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LGIH Revenue
$LGIH had revenues of $319.7M in Q1 2026. This is a decrease of -9.02% from the same period in the prior year.
You can track LGIH financials on Quiver Quantitative's LGIH stock page.
You can access data on LGIH stock through the Quiver Quantitative API.
$LGIH Congressional Stock Trading
Members of Congress have traded $LGIH stock 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LGIH stock by members of Congress over the last 6 months:
- REPRESENTATIVE TIM MOORE has traded it 5 times. They made 4 purchases worth up to $250,000 on 03/20, 03/19, 03/18, 03/12 and 1 sale worth up to $250,000 on 03/26.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$LGIH Hedge Fund Activity
We have seen 96 institutional investors add shares of $LGIH stock to their portfolio, and 171 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ATLAS FRM LLC added 640,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $25,299,200
- MILLENNIUM MANAGEMENT LLC added 469,855 shares (+542.1%) to their portfolio in Q1 2026, for an estimated $18,573,368
- MARSHALL WACE, LLP added 458,924 shares (+1256.0%) to their portfolio in Q1 2026, for an estimated $18,141,265
- WASATCH ADVISORS LP removed 447,995 shares (-70.9%) from their portfolio in Q1 2026, for an estimated $17,709,242
- TRIBUTARY CAPITAL MANAGEMENT, LLC removed 386,072 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $16,585,653
- GOLDMAN SACHS GROUP INC added 378,710 shares (+135.5%) to their portfolio in Q1 2026, for an estimated $14,970,406
- KHROM CAPITAL MANAGEMENT LLC removed 342,448 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $13,536,969
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LGIH Price Targets
Multiple analysts have issued price targets for $LGIH recently. We have seen 2 analysts offer price targets for $LGIH in the last 6 months, with a median target of $68.0.
Here are some recent targets:
- Michael Rehaut from JP Morgan set a target price of $41.0 on 04/30/2026
- James McCanless from Citizens set a target price of $95.0 on 01/07/2026
Full Release
THE WOODLANDS, Texas, June 03, 2026 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 498 homes in May 2026, which includes the closing of 24 currently or previously leased single-family rental homes. This represents a 19.7% increase compared to 416 homes closed in May 2025.
As of May 31, 2026, the Company had 150 active selling communities.
About LGI Homes, Inc.
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. LGI Homes has closed over 80,000 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 2026 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 www.lgihomes.com .
CONTACT:
Joshua D. Fattor
Executive Vice President, Investor Relations and Capital Markets
(281) 210-2586
[email protected]
