July was a record-breaking month for residential closings for LGI Homes, according to a press release on its site.
With a previous closing record of 56 in October of 2010, LGI Homes reached 57 closings on new homes in July 2011, an all-time high for the homebuilder. Currently, LGI Homes is ranked 58th by Builder Magazine among America’s Largest Builders.
LGI increased their Houston closings by 43 percent in the last quarter from a year earlier.
For more information: www.pr.com/press-release/344319
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
