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Stock impact report

LGI Homes, Inc. Announces Record December, 4th Quarter, and Year End 2017 Home Closings and 2017 Year End Earnings Conference Call

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, Jan. 04, 2018 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) today announced an all-time record for closings during a single month with 770 homes closed in December 2017, representing year-over-year growth of 64.9%. In addition, the Company announced record-breaking quarterly home closings of 1,844 during the fourth quarter of 2017 compared to 1,139 home closings in the fourth quarter of 2016, a 61.9% increase year-over-year. The Company had 5,845 home closings in 2017 surpassing its previous annual record of 4,163 home closings in 2016 by 40.4%. As of the end of December 2017, the Company had 78 active selling communities. "We are extremely pleased with our record setting performance," said Eric Lipar, LGI Homes Chairman and CEO. "We continue to see robust demand for homeownership in our markets and uphold a positive outlook for 2018. Assuming that general economic conditions, including interest rates and mortgage availability, in 2018 are similar to thos Show less Read more
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