LGI Homes closed 531 homes in November 2024, including 103 rental homes, and operates 142 active selling communities.
Quiver AI Summary
LGI Homes, Inc. reported the closure of 531 homes in November 2024, which included a significant sale of 103 single-family rental homes. As of the end of November, the company operated 142 active selling communities. Based in The Woodlands, Texas, LGI Homes has been a leader in the homebuilding sector since its inception in 2003, having closed over 70,000 homes across 36 markets in 21 states. The company, recognized for its quality and customer service, has consistently delivered profitable results and earned accolades, including a spot on Newsweek’s list of the World’s Most Trustworthy Companies and the Top Workplaces USA 2024 Award. For further details about LGI Homes and its mission to support homeownership, the press release directs readers to visit their website.
Potential Positives
- LGI Homes closed 531 homes in November 2024, indicating strong sales performance in the housing market.
- The company completed a bulk sale of 103 single-family rental homes, highlighting its strategic approach to diversifying revenue streams.
- As of November 30, 2024, LGI Homes had 142 active selling communities, demonstrating substantial market presence and growth potential.
- LGI Homes earned a place on Newsweek’s list of the World’s Most Trustworthy Companies, enhancing its reputation and consumer trust in the brand.
Potential Negatives
- Closing only 531 homes in November 2024 may indicate a slowdown in sales momentum compared to prior months or years, which could raise concerns about demand and market positioning.
- The bulk sale of 103 single-family rental homes might suggest a reliance on rental properties rather than traditional home sales, which could impact the company's core business model.
- The mention of 142 active selling communities, while a positive figure, may not sufficiently convey growth if the number of new communities being opened is declining or if past performance indicates a downward trend.
FAQ
How many homes did LGI Homes close in November 2024?
LGI Homes closed 531 homes in November 2024, including 103 single-family rental homes in a bulk sale.
What is the location of LGI Homes' headquarters?
LGI Homes is headquartered in The Woodlands, Texas.
How many active selling communities does LGI Homes have?
As of November 30, 2024, LGI Homes had 142 active selling communities.
When was LGI Homes founded?
LGI Homes was founded in 2003 and has since closed over 70,000 homes.
What award did LGI Homes receive in 2024?
LGI Homes received the Top Workplaces USA 2024 Award for its workplace excellence and employee satisfaction.
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 Hedge Fund Activity
We have seen 124 institutional investors add shares of $LGIH stock to their portfolio, and 154 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 846,202 shares (-100.0%) from their portfolio in Q2 2024
- KHROM CAPITAL MANAGEMENT LLC added 678,106 shares (+282.5%) to their portfolio in Q3 2024
- ALTSHULER SHAHAM LTD removed 454,760 shares (-100.0%) from their portfolio in Q3 2024
- AMPFIELD MANAGEMENT, L.P. removed 401,404 shares (-100.0%) from their portfolio in Q3 2024
- ANOMALY CAPITAL MANAGEMENT, LP added 283,560 shares (+547.3%) to their portfolio in Q3 2024
- RIVER ROAD ASSET MANAGEMENT, LLC added 218,923 shares (+45.9%) to their portfolio in Q3 2024
- FRONTIER CAPITAL MANAGEMENT CO LLC added 160,814 shares (+30.0%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
THE WOODLANDS, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 531 homes in November 2024, including the bulk sale of 103 single-family rental homes.
As of November 30, 2024, the Company had 142 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. As one of America’s fastest growing companies, LGI Homes has closed over 70,000 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 2024 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]
