New Home Sales Soar for LGI Homes with a Record Breaking July

The Woodlands, TX, August 06, 2011 --( LGI Homes is pleased to announce that July was a record breaking month for residential closings. With a previous closing record of 56 in October of 2010, LGI Homes reached 57 closings on new homes in July 2011, an all-time high for the homebuilder. Currently, LGI Homes is ranked 58th by Builder Magazine among America’s Largest Builders.

While LGI continues to increase sales, the Census Bureau recently reported that new home sales in fact, fell 1% in June. In Houston alone, research firm Metrostudy reported builders closed 23% less homes in the last quarter than from a year earlier, while LGI actually increased closings by 43%.

Since 2009, LGI Homes has increased closings every year and 2011 is looking to be no different. Recently, Chief Executive Officer Eric Lipar was reported saying to The Wall Street Journal, “It’s going pretty well for us, but we’re probably the exception.” Many builders would agree that LGI Homes is the exception and Eric says, “Our focus is on our people and our marketing. That is what makes us different.” LGI spends time with every buyer who walks in the door and will do whatever it takes get them qualified to purchase a new home; this means sometimes spending months with a customer to bump up their credit score or get them used to the idea of owning their own home.

LGI Homes is on the fast track for growth. Along with Houston, Dallas and San Antonio, expanding to Austin and Phoenix will mean LGI will be selling in four of the fifteen healthiest markets according to the March edition of Builder Magazine.

About LGI Homes
LGI was founded in 2003 and since then has become one of the fastest growing homebuilders in Texas. With property and homes in four major markets, their number one priority is to help customers simplify the buying process and provide them with a quality new home. Under the leadership of Eric Lipar, LGI Homes has been listed as one of the fastest private growing companies by INC Magazine and has also received recognition as a New Home Quality Award winner for the Houston area.

Eric Lipar, CEO of LGI Homes is now recognized as a top leader in the homebuilding industry due to his success with LGI Homes. He has been selected to speak at events such as the Builder 100 Advisory Council Round Table Discussion during the 2011 Housing Leadership Summit and the JP Morgan Private Builder/Private Equity Conference in New York. He has also been featured on CNBC and is quoted frequently in industry related articles in The Wall Street Journal. For information about LGI Homes, please visit

LGI Homes
Alison Feazell
281 362 8998