LGI Homes

What LGI Homes does

LGI Homes is a vertically integrated, publicly traded U.S. homebuilder (NASDAQ: LGIH) founded in 2003 and headquartered in The Woodlands, Texas, that designs, constructs, and sells move-in-ready single-family homes and townhomes. The company operates in 36 markets across 21 states, with 142 active communities as of Q1 2026 and 2026 guidance for 150-160 communities, closing 4,685 homes in full-year 2025 at an average selling price of approximately $355,000-$365,000. Core product technology centers on the trademarked CompleteHome and CompleteHome Plus upgrade packages, which bundle Whirlpool stainless steel appliances, Moen faucets, Honeywell programmable thermostats, Wi-Fi-enabled garage door openers, and energy-efficient components (double-pane Low-E windows, LED ENERGY STAR lighting) into the base price — eliminating the buyer's upgrade-decision friction. The company runs three sub-brands — Terrata Homes (luxury/move-up), LGI Homes Active Adult (55+), and LGI Living (lease-to-buy) — alongside the core first-time-buyer brand.

LGI's revenue model is transaction-based home sales supplemented by a small recurring rental stream from LGI Living. Distribution is omnichannel: direct sales through company-owned information centers staffed with New Home Consultants and on-site preferred lenders; a formal broker/agent cooperation program paying commissions at closing; and digital self-serve search via the corporate website. The company targets entry-level and first-time homebuyers primarily, addressing affordability through all-inclusive pricing, 30-45 day close timelines, and credit-building pathways through the lease-to-buy program. In 2025 the company generated approximately $1.7 billion in revenue, down from a 2021 peak of roughly $3.05 billion as the housing cycle cooled, but 2026 indicators (May closings +19.7% YoY, expanding community count, geographic re-entry into Salt Lake City and California luxury via Terrata) suggest a cyclical recovery is underway. Leadership is founder-led, with Eric Lipar as Chairman and CEO and Yuval Mann and Mike Snider as Presidents, under an institutional ownership structure of approximately 84.9%.

Name

LGI Homes

Legal name

LGI Homes, Inc.

Website

https://lgihomes.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LGI Homes is a top-10 U.S. homebuilder (NASDAQ: LGIH) operating in 36 markets across 21 states, selling move-in-ready single-family homes and townhomes to first-time, move-up, and active-adult buyers via the CompleteHome upgrade-included pricing model.

Ownership category

akta.pro rank

Headquarters

HQ city

The Woodlands

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Home Sales: LGI Homes generates revenue primarily through the sale of single-family homes and townhomes. The company constructs and sells move-in ready homes across 36 markets in 21 states. Revenue is transaction-based with homes typically ranging from $240,000 to over $800,000 depending on market and features.
2. Home Leasing (LGI Living): LGI Living, an affiliated leasing company, manages single-family rental homes at select communities. The lease-to-buy program allows tenants to lease homes while working toward homeownership, with security deposits and rent payments applied toward purchase.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

LGI Homes designs, constructs, and sells move-in ready single-family homes, townhomes, and 55+ active-adult residences across 36 markets in 21 states under the LGI Homes, Terrata Homes, and LGI Homes Active Adult brands. Homes are sold with the trademarked CompleteHome or CompleteHome Plus upgrade packages and are priced from the $240s to over $800,000, complemented by the LGI Living lease-to-buy program for aspiring homeowners.

Product overview

LGI Homes operates as a national homebuilder offering a portfolio of residential products across multiple brands. The core LGI Homes brand targets first-time homebuyers with affordable, move-in ready single-family homes featuring included upgrades. The premium Terrata Homes sub-brand serves move-up buyers with luxury finishes and larger homesites. LGI Homes Active Adult caters to 55+ buyers, while the Lease with LGI program supports aspiring homeowners through a rent-to-own pathway. All homes include CompleteHome or CompleteHome Plus upgrade packages with Whirlpool appliances, designer finishes, and smart home technology. The company operates in 36 markets across 21 states.

Differentiator

Problem solved

Functional benefit

Brands

• Terrata Homes: Premium luxury brand under the LGI Homes family, offering high-end finishes, innovative designs, and meticulous attention to detail for move-up homebuyers.
• LGI Homes Active Adult

Products and services

• LGI Homes Brand (Affordable Move-In Ready Homes) Primary brand offering affordable, move-in ready single-family homes with included CompleteHome upgrades targeted at first-time homebuyers across 36 markets in 21 states.
• Terrata Homes (Luxury Move-Up Brand) Premium luxury home brand under LGI Homes offering high-end finishes, larger homesites, and resort-style amenities for move-up buyers priced from the $600,000s to $800,000s+.
• LGI Homes Active Adult (55+ Communities) 55+ active adult brand offering move-in ready homes in premier age-restricted communities with luxury amenities for retirees and empty nesters.
• Lease with LGI (LGI Living Rent-to-Own Program) Lease-to-buy program from affiliated LGI Living leasing company enabling prospective buyers to lease new construction homes while building credit through rent reporting and saving toward a down payment, with security deposits and rent applied to the future purchase.
• Townhome Communities (All Brands) Move-in ready townhome product offering including Allen Townhomes, Cider Hill, Evergreen Ridge, Topaz at Skye Canyon, and Gardens at Skyway communities with 36–138 unit townhome configurations across multiple states.
• Broker and Agent Partnership Program Formal program enabling licensed real estate brokers and agents to register prospects and earn commissions at closing when their clients purchase LGI Homes properties.

Quantifiable outcome

• 80,000+ families achieved homeownership since 2003
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Whirlpool CorporationcoreTechnology or IntegrationWhirlpool is the exclusive appliance provider for LGI Homes, supplying stainless steel refrigerator, dishwasher, oven, microwave, and cooktop in CompleteHome packages. Whirlpool is described as the #1 selling appliance brand in the US.
• MoencoreTechnology or IntegrationMoen supplies kitchen faucets with Power Clean spray technology featured in CompleteHome packages across all LGI communities.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• KB Home: Public US homebuilder (NYSE: KBH) that similarly targets first-time and move-up buyers with affordable, energy-efficient homes concentrated in California and the Sun Belt. Closest direct comparable in business model and price point to LGI Homes.
• Meritage Homes: Public US homebuilder (NYSE: MTH) with a strong focus on entry-level and first-time move-up buyers, particularly in the Sun Belt and Western US. Directly comparable to LGI on product positioning, energy-efficiency emphasis, and price-segment focus.
• Century Communities: Public US homebuilder (NYSE: CCS) focused on affordable entry-level and first-time move-up homes across the Sun Belt and Mountain West. Highly comparable to LGI in target customer, geographic footprint, and move-in ready inventory approach.
• Taylor Morrison Home Corporation: Public US homebuilder (NYSE: TMHC) with a portfolio spanning first-time, move-up, and luxury buyers, including a dedicated luxury brand (William Lyon) comparable to LGI's Terrata Homes. Closely comparable in size and segment mix.
• M/I Homes: Public US homebuilder (NYSE: MHO) with a focus on move-up and luxury buyers across the Midwest, Mid-Atlantic, Southeast, and Texas — overlapping materially with LGI's footprint and segment positioning at a similar size.
• Tri Pointe Homes: Public US homebuilder (NYSE: TPH) serving entry-level, move-up, and luxury buyers in California, the Southwest, and Pacific Northwest. Comparable in size, multi-brand structure, and lifestyle-segment targeting to LGI's portfolio.

Broad incumbents

• D.R. Horton: Largest US homebuilder (NYSE: DHI), with a dedicated entry-level brand (Express Homes) overlapping directly with LGI's core segment. Operates at significantly greater scale and across more geographies, making it a broad incumbent rather than a direct niche competitor.
• PulteGroup: Top-three US homebuilder (NYSE: PHM) whose Centex brand directly competes for first-time buyers in the same Sun Belt markets as LGI. Larger scale and broader brand portfolio (Centex, Pulte, Del Webb for 55+) make it a broad incumbent.
• Lennar Corporation: Second-largest US homebuilder (NYSE: LEN) operating nationally with both entry-level and move-up offerings. Overlaps with LGI on the entry-level segment and Sun Belt geographies, but at substantially larger scale and broader product mix.
• Toll Brothers: National luxury homebuilder (NYSE: TOL) directly comparable to LGI's Terrata Homes brand for move-up and luxury buyers. Operates at much larger scale and at a higher price point, making it a broad incumbent in the premium segment LGI targets via Terrata.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/LGIHomes
• Facebookfacebook.com/LGIHomes
• Instagraminstagram.com/lgihomes
• Xx.com/LGIHomes
• LinkedInlinkedin.com/company/lgi-homes

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LGI Homes