Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 98

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 monthly absorption rate by reportable segment for the three months ended June 30, 2025 and 2024, and our community count by reportable segment as of June 30, 2025 and 2024, were as follows (revenues in thousands):

Three Months Ended June 30, 2025As of June 30, 2025RevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$112,986 360 $313,850 47.3 2.5 46 Southeast150,110 456 329,189 33.7 4.5 35 Northwest53,487 100 534,870 16.0 2.1 16 West100,339 230 436,257 24.7 3.1 25 Florida66,563 177 376,062 24.3 2.4 24 Total$483,485 1,323 $365,446 146.0 3.0 146 

Three Months Ended June 30, 2024As of June 30, 2024RevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$173,434 535 $324,176 44.0 4.1 44 Southeast135,418 410 330,288 24.7 5.5 23 Northwest68,125 132 516,098 14.3 3.1 14 West128,155 308 416,088 22.0 4.7 23 Florida97,365 270 360,611 23.3 3.9 24 Total$602,497 1,655 $364,047 128.3 4.3 128 

Home sales revenues for the three months ended June 30, 2025 were $483.5 million, a decrease of $119.0 million, or 19.8%, from $602.5 million for the three months ended June 30, 2024. The decrease in home sales revenues was primarily due to a 20.1% decrease in homes closed, partially offset by a 0.4% increase in the average sales price per home closed during the three months ended June 30,