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Investor Alert

press release

Nov. 3, 2021, 6:29 p.m. EDT

LGI Homes Reports October 2021 Home Closings

THE WOODLANDS, Texas, Nov 03, 2021 (GLOBE NEWSWIRE via COMTEX) -- THE WOODLANDS, Texas, Nov. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. /zigman2/quotes/202461766/composite LGIH +2.68% today announced it closed 725 homes in October 2021, compared to 818 homes closed in October 2020. The Company ended the first ten months of 2021 with 8,641 home closings, a 28.0% increase over 6,749 home closings during the first ten months of 2020.

As of October 31, 2021, the Company had 106 active selling communities.

About LGI Homes, Inc.

LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America's fastest growing companies, LGI Homes has a notable legacy of more than 18 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10 [th] largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes' commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA's 2021 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company's website at www.lgihomes.com .

CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2586
investorrelations@lgihomes.com

COMTEX_396316596/2471/2021-11-03T18:28:35

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/zigman2/quotes/202461766/composite
US : U.S.: Nasdaq
$ 101.04
+2.64 +2.68%
Volume: 213,017
May 17, 2022 4:00p
P/E Ratio
6.11
Dividend Yield
N/A
Market Cap
$2.33 billion
Rev. per Employee
$3.04M
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