LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States.[4] 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share.[5] 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018.[6]
History
LGI Homes was founded in 2003 in The Woodlands, Texas by Thomas Lipar and began building in the Houston area.[7][8] LGI Homes focuses on entry-level housing in the vicinity of major metropolitan areas. Its primary customer is the first-time homebuyer.