LGI’s Closing Jump 20% in August

Overall, the builder's closings jump 23.5% in 2016.

LGI Homes announced that it closed 383 homes in August 2016, up from 320 home closings in August 2015. That represents year-over-year growth of 19.7%.

LGI ended the first eight months of 2016 with 2,661 home closings, which is a 23.5% increase over its 2,155 home closings during the first eight months of 2015.

As of the end of August 2016, the Company had 59 active selling communities in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington and Tennessee.

About the Author

Les Shaver

Les Shaver is a former deputy editor for the residential construction group. He has more than a decade's experience covering multifamily and single-family housing.

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