LGIH - LGI Homes reports 506 home closings in February 2023 up ~53% Y/Y
2023-03-06 03:00:11 ET
- Homebuilder LGI Homes ( NASDAQ: LGIH ) on Friday said it had closed 506 homes in February, compared to 331 homes closed in January and up 52.87% Y/Y.
- The company said as of Feb. 28, it had 97 active selling communities, unchanged from January.
- Last month, LGI Homes stock slides after downgrade to Sell at BTIG on high valuation , on the heels of LGI Homes ( LGIH ) posting weaker-than-expected profit and sales for the fourth quarter, reflecting lower gross margin and unit orders.
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LGI Homes reports 506 home closings in February 2023, up ~53% Y/Y