Reports November closings of 543 vs 321 closed last year.



Per the release…

LGI Homes, Inc. (Nasdaq:LGIH) today announced 543 homes closed in November 2017, up from 321 home closings in November 2016, representing year-over-year growth of 69.2%. The Company ended the first eleven months of 2017 with 5,075 home closings, a 37.3% increase over 3,696 home closings during the first eleven months of 2016.

As of the end of November 2017, the Company had 78 active selling communities.

I found the following statement in the “About LGI Homes” section interesting…

The Company has a notable legacy of more than 14 years of homebuilding operations, over which time it has closed over 20,000 homes.

So in the first 11 months of just this year they’ve closed 25% of all homes they’ve closed in the last 14 years…that’s some exponential growth!