LGI Homes closes 84 homes in August, making it a 200% increase from August 2010.
After a record breaking month in July, LGI Homes has beat the record again, ending August with 84 residential closings. That is a 47% increase from July, which had 57 closings. Currently, LGI Homes is ranked 58th by Builder Magazine among America’s Largest Builder. LGI fully expects to be in the top 50 Largest Builders come 2012.
With eight communities currently selling in Texas, LGI averaged 10 closings per community for August, in what is considered the bottom of the housing economy. This is a 200% increase from August 2010, when they closed on 28 homes. At Luckey Ranch, LGI’s newest community in San Antonio, LGI broke its record in first month closings, reaching 20.
Many builders would agree that LGI Homes is the exception in the current economy and CEO Eric Lipar says “Our focus is on our people and our marketing. That is what makes us different.” LGI sales offices are open 7 days a week, 8:30am to 8:00pm, with fully staffed offices ready to answer the phones. They go directly to the consumer and do not rely on realtors, as many builders do. With their direct mail system, which sends about 15,000 mailers every week per community, LGI knows how many calls to expect and how many of those calls will be converted first to tours then sales and closings.
LGI Homes is on the fast track for growth, with a number of projects in the pipeline. Along with Houston, Dallas and San Antonio, expanding to Austin and Phoenix will mean LGI will be selling in four of the fifteen healthiest markets according to the March edition of Builder Magazine.
About LGI Homes
LGI was founded in 2003 and since then has become one of the fastest growing homebuilders in Texas. With property and homes in four major markets, their number one priority is to help customers simplify the buying process and provide them with a quality new home. Under the leadership of Eric Lipar, LGI Homes has been listed as one of the fastest private growing companies by INC Magazine and has also received recognition as a New Home Quality Award winner for the Houston area.
Eric Lipar, CEO of LGI Homes is now recognized as a top leader in the homebuilding industry due to his success with LGI Homes. He has been selected to speak at events such as the Builder 100 Advisory Council Round Table Discussion during the 2011 Housing Leadership Summit and the JP Morgan Private Builder/Private Equity Conference in New York. He has also been featured on CNBC and is quoted frequently in industry related articles in The Wall Street Journal. For information about LGI Homes, please visit http://www.lgihomes.com.
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Filed under: Real Estate
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