LGI Homes Records 52% Growth In July Home Closings

  • LGI Homes Inc LGIH reported 930 home closings in July 2021, a 52.2% increase year-on-year.
  • The builder has closed 6,347 homes in 2021 year-to-date, representing a 42.6% growth Y/Y.
  • Earlier in the week, the company reported a 64.4% Y/Y increase in second-quarter FY21 Home sales revenues of $791.51 million, beating the consensus of $713.3 million.
  • As of July 31, 2021, LGI Homes had 103 active selling communities.
  • Price action: LGIH shares closed lower by 2.47% at $159.01 on Wednesday.

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