"In Q1, LGI generated $319.7 million in revenue from 881 closings, with the average sales price up 2.9% year-over-year to $362,924. The company delivered an adjusted gross margin of 23.4%, exceeding expectations and prompting an increase in its full-year guidance to 22%-24%."
"LGI is not simply relying on incentives to move product. It is preserving margin while maintaining volume, a balance many peers have struggled to maintain."
"We continue to benefit from the structural advantages of our self-developed land pipeline and our disciplined approach to pricing and inventory management."
LGI Homes reported $319.7 million in revenue from 881 closings in Q1 2026, with an average sales price increase of 2.9% to $362,924. The company achieved an adjusted gross margin of 23.4%, exceeding expectations and raising its full-year guidance. Despite a market with high demand but low conversion rates, LGI's focus on affordability through standardized plans and disciplined land acquisition has allowed it to maintain volume while preserving margins. CEO Eric Lipar emphasized the importance of structural consistency in their operations.
Read at www.housingwire.com
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