LGIH News and Press, LGI Homes Inc. From 06/15/21

The scorching-hot single-family housing market has finally cooled in recent months as record-low housing supply and soaring home prices have forced potential buyers to pause their home buying search. Would-be buyers are facing an increasingly tight rental market, however, as apartment...

LGI Homes (LGIH) has priced its offering of $300M of unsecured Senior Notes due 2029. The Notes will bear interest at a rate of 4.000% per annum. Net proceeds will be used to fund the redemption of all of the Company’s outstanding 6.875% Senior Notes due 2026 and to invest in short-ter...

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) (“LGI Homes” or the “Company”) today announced that it has priced its previously announced offering (the “Offering”) of $300 million aggregate principal amount of ...

THE WOODLANDS, Texas, June 14, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $300 million aggregate principal amount of unsecured S...

Chainarong Prasertthai/iStock via Getty Images "Despite the stronger economy, the housing market is experiencing a slowdown in purchase application activity due to modestly higher mortgage rates. However, it has yet to translate into a weaker home price trajectory because the shortage of inve...

THE WOODLANDS, Texas, June 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 911 homes in May 2021, up from 640 homes closed in May 2020, representing year-over-year growth of 42.3%. The Company ended the first five months of 2021 with 4,420 home closings...

"Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough," Freddie Mac’s Chief Economist Sam Khater commented.30-year fixed-rate mortgage averaged 2.99% for the week ending June 3, higher from 2.95% recorded in prior ...

Continuing to offer many homeowners the potential to refinance and increase their monthly cash flow, 30-year fixed-rate mortgage averaged 2.95% for the week ending May 27, moving higher from 3% recorded in prior week and down from 3.15% averaged in same ...

Reignited by the red-hot U.S. housing market, timber REITs and lumber producers have "caught fire" since mid-2020 as lumber prices have soared to record highs amid a historic supply shortage. Caught flat-footed by the velocity of the rebound in lumber demand from homebuilding and remo...

RALEIGH, N.C., May 18, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced its newest community in the Raleigh, North Carolina market, Carthage Townes . This premier townhome community offers homebuyers the opportunity to own a brand-new home in an exceptional location...