LGI Homes News & Resources
Exception to the Rule – LGI has a unique business model that favors spec building, targets local renters, and follows leads with a highly trained salesforce. The company expects to break records for dollars and unit sales again in 2009 and is raising capital to expand beyond its two subdivisions in Houston and one in San Antonio. “There’s no reason why, in the Texas market, we can’t go to five, eight, 10 communities, take the LGI way of selling there, and be phenomenally successful,” says Eric Lipar, the builder’s president. – www.builderonline.com
Is training an expense or an investment? – The case study in this article is based on LGI Homes in TX. Despite the current housing market, LGI Homes has had their third consecutive year of increased sales. In 2004, 2006 & 2007, LGI Homes was listed by Builder Magazine as one of the top 200 builders in the country. According to industry reports, they were only one of nine builders in the top 200, to increase closings from 2006 to 2007 and is probably the only builder to increase sales in 2008. www.exchangemagazine.com
GoldenTree InSite Partners and LGI Homes Form Joint Venture – Houston, TX and New York, NY, March 18, 2010 – GoldenTree InSite Partners and LGI homes announced today that they have entered into a strategic joint venture that combines the financial and residential investment expertise of GoldenTree InSite Partners with LGI Homes’ land development and homebuilding operations. www.gtispartners.com
Refuse to Participate in the Housing Slow-Down – Eric Lipar has heard the news reports about the housing slow-down. But, in his words, he refuses to participate in it. Instead, his companies, LGI Homes and LGI Development, are selling homes and property at a record pace. From their three communities (two in the Houston area and one in San Antonio) they sold and closed 418 homes in 2006, putting LGI Homes among the top 200 builders in the country. They expect another 10% increase in 2007. www.builderradio.com