LGI Homes Inc (NASDAQ: LGIH) is a homebuilding company that designs, constructs, and sells single-family and attached homes across entry-level, active adult, and luxury segments. Revenue is generated through the transactional sale of completed homes, with average sales prices ranging from approximately $192,000 to more than $1,230,000 during FY2025. The company markets homes under two brands: LGI Homes, covering entry-level and active adult offerings, and Terrata Homes, covering the luxury segment. In FY2025, LGI Homes closed 4,788 homes, including 103 currently or previously leased single-family homes, at an average sales price of $364,035 (excluding those leased homes). In FY2024, the company closed 6,131 homes at an average sales price of $365,394 (excluding a bulk sale of 103 leased single-family homes). The company pursues a flexible land acquisition strategy of purchasing or optioning finished lots. Average home completion time was approximately 105 to 135 days in both FY2025 and FY2024, with home sizes ranging from 900 to approximately 4,000 square feet.

Revenue model

Transactional revenue from the sale of completed single-family and attached homes. Average sales price per home closed was $364,035 in FY2025 and $365,394 in FY2024 (each excluding leased-home transactions).

Products and services

Attached and detached entry-level homes, active adult homes, and luxury homes. Entry-level and active adult offerings marketed under the LGI Homes brand; luxury homes marketed under the Terrata Homes brand. Home sizes range from 900 to approximately 4,000 square feet (FY2025), with sales prices from approximately $192,000 to more than $1,230,000 (FY2025).

Customers and end markets

Individual home buyers across entry-level, active adult, and luxury segments. End market is residential homeownership. The company also closed 103 currently or previously leased single-family homes in FY2025.

Value-chain role

Homebuilder. Acquires or options finished lots, constructs homes, and sells directly to end buyers. Does not operate as a land developer or real estate broker.

Geographic exposure

United States residential housing market. Specific states or regions are not detailed in the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-20

Industry: Operative Builders Peers: Cavco Industries Inc Century Communities Inc Meritage Homes Corp D.R. Horton Inc Installed Building Products Inc KB Home M/I Homes Inc SEKISUI HOUSE U.S., INC. Taylor Morrison Home Corp Tri Pointe Homes Inc (Delaware)