Business
LGI Homes, Inc. Celebrates 20 Years of Homebuilding Excellence
THE WOODLANDS, Texas, April 17, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) celebrates 20 years of making the dream of homeownership a reality for
About this update from Lgi Homes, Inc.
[{"type":"text","content":"THE WOODLANDS, Texas, April 17, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) celebrates 20 years of making the dream of homeownership a reality for families across the country. “We are excited to commemorate our 20th anniversary as a homebuilder,” stated Eric Lipar, Chief Executive Officer and Chairman of LGI Homes. “Twenty years ago, we identified an unaddressed need in the housing market. Throughout the country were thousands of apartment renters who dreamed of the comfort and safety of a home but believed that dream was beyond their reach. We started this business based on our belief that there was a superior way to build and sell homes directly to those customers. In 2003, we broke ground on a set of affordable, modern homes in a small development in the growing town of Conroe, Texas. We marketed these homes directly to renters, and the positive response was overwhelming. Almost immediately, all the homes were under contract. Our convictions were validated and in April of 2003, we closed our first home. “Today, when newly hired employees come to our headquarters for training, we show them that first, special home. While the city around it has grown and the trees are much taller, it is as handsome as the day it closed and still occupied by the same, satisfied family that escaped the cycle of renting when they purchased it 20 years ago. “A lot has changed since that first closing. Over the last two decades, we have grown into one of the nation’s largest and most recognized homebuilders with operations across 35 markets in 20 states. We now offer multiple product lines to meet the diverse needs of customers around the country. Since that first closing, we have helped over 64,000 families achieve their dream of homeownership. The success of our unique business model has been proven in every market where we operate, and we have established a reputation for quality, affordability and dream fulfillment. “Perhaps what is most important is what has not changed. We remain focused on helping renters become first-time homeowners by building and selling quality, entry-level homes with the finishes, features and conveniences our customers desire. We have been profitable every year since our founding and base every decision on continuing that legacy. Most importantly, despite our growth and success, we have remained a people-foc...