LGI Homes (NASDAQ:LGIH) is a residential construction company that designs, builds and sells new homes primarily to first-time buyers, move-up buyers and active-adult customers. Its portfolio generally includes single-family homes and, in select communities, townhomes and other attached housing. The company offers homes in a range of floor plans and typically emphasizes value-oriented designs, included features and move-in-ready construction.
Founded in 2003, LGI Homes serves buyers through communities across multiple regions of the United States, including markets in the South, Southeast, Southwest, West and select other metropolitan areas. Its operations have expanded beyond its original Texas base into states such as Arizona, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee and Washington, among others. The company sells homes through its website, online lead-generation efforts and local sales offices.
LGI Homes also operates related residential brands, including Terrata Homes, which focuses on higher-end homes, and LGI Living, which develops and operates rental housing communities. The company became publicly traded on the Nasdaq exchange in 2013 under the symbol LGIH. Eric Lipar, a member of the company’s founding family, serves as chief executive officer.
