LGIH News and Press, LGI Homes Inc. From 09/23/21

HILLLIARD, Fla., Sept. 23, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced Terrata Homes is now selling its newest community in the Jacksonville, Fla. market, Southern Pines . Southern Pines offers homebuyers a variety of new construction homes with spacious layout...

LGIH's unique operating business model as a 100% spec builder, along with the lighter asset strategy it adopts, generates excess returns on capital. The company maintains a conservative capital structure that enhances its profitability with impressive returns of ROIC at 26% and R...

RICHMOND, Texas, Sept. 21, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc . (NASDAQ: LGIH) today announced the company’s return to Vacek Country Meadows in Richmond, Texas, where the builder is constructing an additional 168 single-family homes priced from the $240s. Homeowners at V...

“It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months. The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater...

"While the economy continues to grow, it has lost momentum over the last two months due to the current wave of new COVID cases that has led to weaker employment, lower spending and declining consumer confidence," Freddie Mac’s Chief Economist Sam Khater commented. 30-year fixed-rate mo...

Backlogs in construction and rising commodity prices led to tight supply in the housing market, thus creating a surge in housing prices over the past year. However, as demand has started to decline lately, homebuilder stocks Lennar (LEN), KB Home (KBH), Meritage Homes (MTH), and LGI Homes (LG...

THE WOODLANDS, Texas, Sept. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 776 homes in August 2021, up from 669 homes closed in August 2020, representing year-over-year growth of 16.0%. The Company ended the first eight months of 2021 with 7,123 home ...

"Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates," Freddie Mac’s Chief Economist Sam Khater commented 30-year fixed-rate mortgage averaged 2.87% for the week e...

DALLAS, Aug. 27, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of two new communities in the Dallas-Fort Worth market, Shadowbend and Big Sky Estates . “In a time of robust demand for homeownership in the Dallas-Fort Worth marke...

THE WOODLANDS, Texas, Aug. 25, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced that Laura Miller is resigning from LGI Homes’ Board of Directors (the “Board”) so that she may focus her efforts on other professional responsibilities. Ms. Mil...