THE WOODLANDS, TX -- LGI Homes, Inc. (LGIH) announced an all-time record for closings during a single month with 214 homes closed in December 2013. With record-setting closings of 505 during the fourth quarter of 2013, the Company finished out 2013 with 1,617 homes closed for the full year far surpassing its previous record of 1,062 home closings for 2012. The home closings reported for the fourth quarter and full years 2013 and 2012 include those from the Company's pre IPO joint ventures. As of the end of 2013 the Company had 25 active selling communities.
"We are extremely pleased with our record breaking home closings and are encouraged by the strong demand we continue to see from consumers looking for homeownership," said Eric Lipar, LGI Homes chairman and CEO. "In addition, we uphold a positive outlook on 2014 and maintain our previously released guidance. Assuming that general economic and mortgage availability conditions in 2014 are similar to those in 2013, we believe we will have 36 active selling communities at the end of 2014 and close 2,200 homes during the year."
LGI Homes expects to report fourth quarter and full year 2013 financial results on or about March 31, 2014 and will provide additional information at that time. A press release will be issued in March to confirm the date and details for the conference call to discuss the Company's fourth quarter and full year 2013 financial results.
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design and construction of homes in Texas, Arizona, Florida, Georgia and New Mexico. LGI's core markets include Houston, San Antonio, Dallas/Fort Worth, Austin, Phoenix, Tampa, Orlando, Atlanta and more recently, Tucson and Albuquerque. For more information about the Company and its new home developments please visit the Company's website at www.LGIHomes.com.