Last month LGIH ended with 71 active selling communities, down 1 from 72 the end of May. I wondered whether they might be behind on building new inventory.
In the last week LGIH has announced a flurry of new selling communities:
Fort Mill, SC: https://finance.yahoo.com/news/lgi-homes-debuts-community-fo…
Thornton, CO: https://finance.yahoo.com/news/lgi-homes-now-building-thornt…
Phoenix, AZ: https://finance.yahoo.com/news/lgi-homes-opens-first-terrata…
Tuscon, AZ: https://finance.yahoo.com/news/lgi-homes-now-building-vander…
And there was a press release that they will soon sell out their community in Orlando, FL: https://finance.yahoo.com/news/lgi-homes-releases-last-18-12…
So as of today they will end July with 74 active selling communities (+3) assuming the Orlando, FL community sells out the remaining 18 homes by the end of the month. There had been some questions as to whether LGIH could build fast enough to meet demand. Looks like they’re doing ok.
Their calendar 2017 guidance included having 75-80 active selling communities by the end of 2017. They’ve been averaging about a net +1 active selling community per month so they are still on track there.