Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 50

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 wholesale revenues resulting from 416 home closings, representing 17.9% of the 2,319 total homes closed during the six months ended June 30, 2025. Included within our home sales revenues for the six months ended June 30, 2024 was $64.3 million in wholesale revenues resulting from 219 home closings, representing 8.0% of the 2,738 total homes closed during the six months ended June 30, 2024. The increase in home closings as a percentage of revenues through our wholesale channel was primarily related to higher demand from our wholesale channel customers during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024.

•Home sales revenues in our Central reportable segment decreased by $63.0 million, or 22.7%, during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024, primarily due to a 19.2% decrease in the 

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number of homes closed and a 4.4% decrease in the average sales price per home closed. The decrease in home closings was the result of a lower absorption rate, partially offset by an increase in the average community count.

•Home sales revenues in our Southeast reportable segment decreased by $0.1 million during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024, primarily due to a 0.4% decrease in the average sales price per home closed, offset by a 0.4% increase in the number of homes closed. The increase in home closings was the result of an increase in community count, partially offset by a lower absorption rate.

•Home sales revenues in our Northwest reportable segment decreased by $16.5 million, or 15.8%, during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024, primarily due to a 14.9% decrease in the number of homes closed and a 1.0% decrease in the average sales price per home closed. The decrease in home closings was the result of a lower absorption rate, partially offset by an increase in the average community count.

•Home sales revenues in our West reportable segment decreased by $33.9 million, or 16.9%, during the six months ended June 30