LGI Homes Delivers Record Yearly Home Closings and Sets

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THE WOODLANDS, Texas, Jan. 05, 2022 (GLOBE NEWSWIRE) – LGI Homes, Inc. (NASDAQ: LGIH) today announced that it closed 1,004 homes in December, a total of 2,526 home closings in the fourth quarter and a record of 10,442 houses closed for the whole of 2021.

“2021 has been a remarkable year for our company,” said Eric Lipar, CEO and Chairman of the Board of Directors of the company. “Our LGI teams across the country ended the fourth quarter strong, allowing us to close a record 10,442 homes in 2021, an increase of 11.8% over last year. This result is in the upper range of our closing forecast and once again demonstrates the ability of our business model to overcome unprecedented challenges and deliver exceptional results year after year.

The company had 101 active sales communities at the end of December 2021.

Fourth Quarter and Fiscal 2021 Results Conference Call and Webcast

The Company will release financial results for the fourth quarter and for the year ended December 31, 2021 prior to the opening of the market on Tuesday, February 15, 2022. The Company will hold a conference call the same day at 12:30 pm Eastern Time , to discuss the results.

Management will then provide forecasts for the whole of 2022.

A link to the live audio webcast will be provided via the Investors page of the Company’s website at www.investor.lgihomes.com in the Events and Presentations section.

The call is also accessible by dialing (855) 433-0929 for domestic participants or (970) 315-0256 for international participants. Participants should request the LGI Homes Earnings conference call or reference conference ID 1893201.

An archive of the webcast will be available for replay on the Company’s website for 12 months.

About LGI Homes, Inc.

LGI Homes, Inc. is a pioneer in the home construction 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 over 18 years of excellence in residential construction, during which it has closed over 50,000 homes and has been profitable. every year. Based in The Woodlands, TX, LGI Homes operates in 35 markets in 19 states and, as of 2018, has been ranked 10e largest residential builder in the United States on a closed unit basis. Recognized nationally for its quality construction and exceptional customer service, LGI Homes’ commitment to excellence extends to its more than 900 employees, which has earned it numerous workplace awards. at the local, state, and national levels, including the 2021 Top Workplaces USA Cultural Excellence Award. For more information on LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the country, please visit the company’s website at www.lgihomes .com.

Investor contact

Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2586
investor relations@lgihomes.com

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