LGI Homes, Inc. Provides Operating Guidance for the Year 2021
February 23, 2021 at 08:35 am EST
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LGI Homes, Inc. provided operating guidance for the year 2021. The Company believes Home closings will be between 9,200 and 9,800. Active selling communities at the end of 2021 will be between 112 and 120. Average sales price per home closed will be between $260,000 and $270,000.
LGI Homes, Inc. is focused on the homebuilding industry. The Company designs, constructs and sells homes across approximately 36 markets in 21 states. The Company offers multiple product lines, including attached and detached entry-level homes and active adult offerings that are marketed and sold under its LGI Homes brand and luxury homes that are marketed and sold under its Terrata Homes brand. Its homebuilding operations are organized and managed by seven operating segments: West, Northwest, Central, Midwest, Florida, Southeast and Mid-Atlantic. The Company offers an attached townhome product in certain markets. The Company's CompleteHome and CompleteHome Plus packages offers buyers move-in ready homes. Each of these packages includes preselected, upgraded features, including stainless steel appliances, cabinets and others. Its wholesale business builds and sells homes primarily to institutions interested in acquiring single-family rental properties through bulk sales agreements.
LGI HOMES, INC. 
