LGI Homes announced that it closed 224 homes in February 2017, a slight drop from its 245 home closings in February 2016. LGI ended the first two months of 2017 with 396 home closings, compared to 477 home closings during the first two months of 2016.
As of the end of February 2017, the Company had 65 active selling communities.
“Although closings year to date are down year over year, sales are off to a strong start in 2017 and demand for home ownership remains solid,” said Eric Lipar, LGI’s CEO said in a press release. “Assuming that general economic conditions, including interest rates and mortgage availability, in the remainder of 2017 are similar to those in the fourth quarter of 2016, we believe we are on track to close more than 4,700 homes in 2017.”