LGI Homes announced an all-time record for closings during a single month with 433 homes closed in December 2015. In the fourth quarter, it closed 946 homes and in 2015 it closed 3,404 homes. That performance surpasses its previous record of 2,356 home closings for 2014 by 44.5%.
"We are extremely pleased with our record breaking year and proud to deliver such strong results," said Eric Lipar, LGI Homes chairman and CEO. "We continue to see robust demand for homeownership in our markets and uphold a positive outlook for 2016. Assuming that general economic conditions, including interest rates, and mortgage availability in 2016 are similar to those in 2015, we believe we will close more than 4,000 homes during 2016."