THE WOODLANDS, Texas, Dec. 03, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced 960 home closings in November 2020, up from 748 home closings in November 2019, representing year-over-year growth of 28.3%. In addition, the Company ended the first eleven months of 2020 with 7,709 home closings, a 16.1% increase over 6,638 home closings during the first eleven months of 2019.
As of the end of November 2020, the Company had 114 active selling communities.
“We are proud to announce another record breaking month of home closings,” said Eric Lipar, Chief Executive Officer and Chairman of LGI Homes. “This was our best November on record and the second best month of closings overall in our history. Based on this outstanding November performance and our current view of the backlog available to close in December, we are updating our full year closings guidance to reflect our expectation of