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Investor Alert

press release

Sept. 3, 2021, 5:50 p.m. EDT

LGI Homes Reports Record August 2021 Home Closings

THE WOODLANDS, Texas, Sep 03, 2021 (GLOBE NEWSWIRE via COMTEX) -- THE WOODLANDS, Texas, Sept. 03, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. /zigman2/quotes/202461766/composite LGIH +2.44% today announced it closed 776 homes in August 2021, up from 669 homes closed in August 2020, representing year-over-year growth of 16.0%. The Company ended the first eight months of 2021 with 7,123 home closings, a 39.1% increase over 5,120 home closings during the first eight months of 2020.

As of August 31, 2021, the Company had 102 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) 210-2619
investorrelations@lgihomes.com

COMTEX_392727088/2471/2021-09-03T17:49:42

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/zigman2/quotes/202461766/composite
US : U.S.: Nasdaq
$ 146.38
+3.48 +2.44%
Volume: 135,050
Oct. 20, 2021 4:00p
P/E Ratio
8.35
Dividend Yield
N/A
Market Cap
$3.52 billion
Rev. per Employee
$2.52M
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