LGI Homes Closings Up 49.3% in September

For the third quarter, the company set a record with 1,729 closings, up 64.4% from last year's quarter.

LGI Homes, Inc., The Woodlands, Tx. (Nasdaq:LGIH) on Thursday reported it closed 542 homes in September 2017, up from 363 home closings in September 2016, representing year-over-year growth of 49.3%.

The company also reported a record 1,729 closings for the third quarter of 2017 compared to 1,052 home closings in the third quarter of 2016, a 64.4% increase year-over-year.

LGI had 4,001 home closings during the first nine months of 2017, a 32.3% increase over 3,024 homes closed during the first nine months of 2016.

As of the end of September 2017, the Company had 77 active selling communities.

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