LGI Homes
LGI Homes is a United States homebuilder focused primarily on entry-level new homes and residential communities near major metropolitan areas.
Last updated August 25, 2026
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Overview
LGI Homes is a Texas-based residential construction company and homebuilding brand that develops and sells newly built houses and housing communities in the United States. The company was founded in 2003 by Thomas Lipar in The Woodlands, Texas, and initially concentrated on building homes in the Houston area. Its business model has historically emphasized entry-level housing in locations near major metropolitan areas, with first-time homebuyers forming an important part of its target customer base. The company emerged during a difficult period for the United States housing market. Between 2006 and 2008, LGI Homes was reported to have increased both unit sales and revenue, distinguishing it from the broader group of large U.S. builders tracked by Builder Magazine. Growth slowed in 2009, when the company recorded a year-over-year decline in home sales, but the business continued to expand its geographic footprint and development pipeline. A major turning point came in 2013, when LGI Homes announced plans to enter the southeastern United States, including new-home communities in Florida and Georgia. The company also completed its initial public offering that year. It offered 9 million shares at $11 per share and began trading publicly on November 7, 2013. The offering raised approximately $90 million, according to the cited reference material, and the company indicated that the proceeds would support expansion, particularly in Texas. The shares closed their first trading day at $12.26, above the offering price. LGI Homes continued its regional expansion through acquisitions and new market entries. In October 2014, it acquired Oakmont Home Builders, which extended its presence into North Carolina and South Carolina. In 2015, it expanded into Colorado. In 2018, it acquired the assets of Wynn Homes, adding more than 200 homes under construction and approximately 4,000 lots to its development resources. The company’s operations have primarily been concentrated in the southern and southwestern United States, although its market network has broadened over time. By February 25, 2020, the company was reported to operate in 31 markets across 18 states. LGI Homes has been described by Builder Magazine as one of the largest homebuilders in the United States, ranking tenth in the cited material. In 2019, LGI Homes closed 7,690 homes, an 18.1 percent increase from 2018. Home-sales revenue for that year was reported at $1.8 billion, representing a 22.2 percent increase over the previous year. These figures illustrate the scale reached by the company before the source material’s 2020 operating snapshot. LGI Homes’ positioning remains centered on standardized, attainable new-home offerings, community development, geographic expansion, and serving buyers seeking newly constructed entry-level housing.
History
LGI Homes was established in 2003 in The Woodlands, Texas, by Thomas Lipar. Its initial business centered on building new homes in the Houston area. From the beginning, the company concentrated on entry-level housing located near major metropolitan areas, a strategy designed to serve buyers seeking relatively attainable newly constructed homes. First-time homebuyers became a particularly important customer group. The company’s early development coincided with major changes in the U.S. housing market. From 2006 through 2008, LGI Homes increased both unit sales and revenue, even as many other builders faced pressure. The cited historical account describes LGI Homes as the only builder among Builder Magazine’s Top-200 builders to record both unit-sales and revenue growth throughout that period. Its growth nevertheless slowed in 2009, when home sales fell 9 percent year over year. LGI Homes resumed geographic expansion as housing conditions and demand evolved. In 2013, it announced plans to develop communities in Florida and Georgia, marking a move into the Southeast. That year also brought a significant corporate transition: LGI Homes priced an initial public offering of 9 million shares at $11 each and began trading on November 7. The first-day closing price was $12.26. The offering generated approximately $90 million, which the company planned to use to support growth, with particular emphasis on its Texas operations. Expansion continued through both acquisitions and direct market entry. In October 2014, LGI Homes purchased Oakmont Home Builders, broadening its operations into North Carolina and South Carolina. In 2015, it entered Colorado. In 2018, the company acquired the assets of Wynn Homes. That transaction brought more than 200 homes under construction and approximately 4,000 lots into the company’s resources, strengthening its ability to build and sell homes across its operating markets. LGI Homes has generally operated as a regional-to-national builder rather than as a single-market Texas company. Its projects have been concentrated especially in the southern and southwestern United States, while its network has expanded into additional states and metropolitan areas. By February 25, 2020, the company was reported to operate in 31 markets across 18 states. The company’s scale was reflected in its ranking by Builder Magazine, which identified LGI Homes as the tenth-largest homebuilder in the United States in the cited material. Its 2019 operating results also showed substantial growth: it closed 7,690 homes, up 18.1 percent from 2018, while home-sales revenue reached $1.8 billion, a 22.2 percent year-over-year increase. These results came from a model based on land acquisition, community development, construction, and sales of new single-family homes. The available source material does not establish later leadership changes, ownership changes, or current market statistics.
- 2019
Record growth reported in the cited account
[1]The company closed 7,690 homes and reported $1.8 billion in home-sales revenue, with both measures increasing materially from 2018.
- 2018
Wynn Homes asset acquisition
[1]The acquisition added more than 200 homes under construction and approximately 4,000 lots.
- 2015
Colorado expansion
[1]LGI Homes entered Colorado as part of its multi-state growth strategy.
- 2014
Oakmont Home Builders acquisition
[1]The purchase of Oakmont Home Builders expanded the company into North Carolina and South Carolina.
- 2013
Southeastern expansion and public listing
[1]LGI Homes announced planned communities in Florida and Georgia, priced its initial public offering at $11 per share, and began public trading on November 7.
- 2009
Home sales decline
[1]Home sales declined 9 percent year over year as the company’s growth slowed.
- 2006
Growth during a difficult housing period
[1]LGI Homes began a period in which it increased unit sales and revenue through 2008, distinguishing itself from many other large U.S. builders.
- 2003
Company founded in The Woodlands
[1]Thomas Lipar founded LGI Homes in The Woodlands, Texas, with the company initially building homes in the Houston area.
Products and positioning
A large U.S. homebuilder focused on attainable, entry-level new construction near major metropolitan areas, with particular emphasis on first-time homebuyers and community-scale residential development.
Residential construction · 2003
Entry-level single-family homes
LGI Homes’ core offering is newly constructed single-family housing aimed primarily at entry-level purchasers. The company’s historical positioning has emphasized homes near major metropolitan areas and customers purchasing their first home. Individual plans, specifications, prices, and availability vary by community and are not detailed in the supplied reference material.
Housing developments · 2003
Residential communities
The company develops and sells homes within planned residential communities. Its operating model combines land and lot development, home construction, and sales activity across multiple U.S. markets. The cited material identifies projects primarily in the southern and southwestern United States, with later expansion into the Southeast and Colorado.
Brand decisions
2018
Acquisition of Wynn Homes assetsM&ABackground
LGI Homes continued to build its geographic and land inventory through acquisitions.
Action taken
The company acquired assets of Wynn Homes.
Aftermath
The acquisition added more than 200 homes under construction and approximately 4,000 lots to LGI Homes’ resources.
2014
Acquisition of Oakmont Home BuildersM&ABackground
LGI Homes used acquisition-led expansion to enter additional southeastern states.
Action taken
The company purchased Oakmont Home Builders.
Aftermath
The transaction expanded LGI Homes’ operations into North Carolina and South Carolina.
2013
Initial public offeringOtherBackground
LGI Homes sought additional capital to support its expansion as a multi-state homebuilder.
Action taken
The company offered 9 million shares at $11 per share and began trading publicly on November 7, 2013.
Aftermath
The shares closed the first trading day at $12.26. The cited account states that approximately $90 million was raised and intended to support growth, particularly in Texas.
Initial public offering proceeds. Approximately $90 million raised (2013)
2013
Expansion into Florida and GeorgiaStrategyBackground
After establishing its business in Texas and surrounding southwestern markets, LGI Homes sought to broaden its geographic reach.
Action taken
The company announced plans to develop new-home communities in Florida and Georgia.
Aftermath
The announcement marked the company’s planned entry into the Southeast; the supplied sources do not provide detailed results for those individual communities.
Recent events
LGI Homes announces opening of Second Creek Farm community[2]
Reported:
LGI Homes announced the opening of Second Creek Farm, a new home community in Commerce City in the Denver market, with homes available from the $370s.
LGI Homes announces Homestead Estates community in Austin[3]
Reported:
LGI Homes announced the opening of its newest community in the Austin market, Homestead Estates.
LGI Homes announces Kensington View community in Lakeland[4]
Reported:
LGI Homes announced the opening of Kensington View, a new community in the Lakeland market offering new homes.
LGI Homes announces five new floor plans in the Phoenix area[5]
Reported:
LGI Homes announced five new floor plans for its newest community, Ghost Hollow Estates, in Casa Grande, Arizona.
Sources6 sources
- 1LGI Homesen.wikipedia.org
- 2LGI Homes宣布Second Creek Farm社区开放finance.yahoo.com
- 3LGI Homes宣布在奥斯汀推出Homestead Estates社区finance.yahoo.com
- 4LGI Homes宣布在莱克兰推出Kensington View社区finance.yahoo.com
- 5LGI Homes宣布在凤凰城地区推出五种新户型finance.yahoo.com
- 6LGI Homes Introduces New Floor Plan Lineup With New Community in Tucsonfinance.yahoo.com
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