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LGI Homes Opens New Section at Homestead Estates in Elgin, Texas

1. LGI Homes opens new section at Homestead Estates in Elgin, Texas. 2. Homes start in the $290s, offering affordable options for buyers. 3. The community includes upgraded homes with modern features and amenities. 4. Praise for convenient location near schools and access to city life. 5. LGI Homes recognized for building over 75,000 homes since 2003.

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FAQ

Why Bullish?

The launch of a new community often drives sales and investor interest, akin to previous successful developments by LGI.

How important is it?

The opening of a new community signifies growth potential and aligns with LGI's business model.

Why Short Term?

Initial demand from community launch may boost LGI's stock price quickly, similar to past new developments.

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February 19, 2025 08:00 ET  | Source: LGI Homes, Inc. AUSTIN, Texas, Feb. 19, 2025 (GLOBE NEWSWIRE) -- LGI Homes is excited to announce the grand opening of a new section at Homestead Estates, an incredible community located in Elgin, Texas. This new section offers an array of beautifully designed, affordable and upgraded homes, giving homebuyers the opportunity to own a brand-new home in a highly desirable location starting in the $290s. Homestead Estates offers a variety of brand-new one- and two-story homes, perfect for families and individuals seeking exceptional value in a vibrant community. The homes in this new section include brand-new floor plans with three to five bedrooms and feature spacious, open layouts, ideal for modern living. Each home comes equipped with LGI Homes' signature CompleteHome™ package, offering homebuyers a suite of premium upgrades, including Whirlpool® kitchen appliances, granite countertops, 36” upper wood cabinetry, luxurious vinyl plank flooring and energy-efficient features like double-pane Low-E vinyl windows and programmable thermostats. “Discover your dream home at Homestead Estates, where peaceful living seamlessly combines with unbeatable amenities, stunning upgrades and easy access to all the conveniences of city life,” stated Rich Randall, Vice President of Sales for Central Texas. Homestead Estates provides residents with a wealth of amenities to enhance their living experience. The community features a large park with a children’s playground, picnic area and walking trails. Active residents will enjoy the sand volleyball court and soccer field, while green spaces throughout the community provide plenty of room for outdoor recreation. Homestead Estates is perfectly situated just five minutes from Highway 290, offering easy access to both the charm of Elgin and the hustle and bustle of Austin. Located less than six minutes from Elgin High School, Neidig Elementary and Elgin Middle School, this community’s location is convenient for families with children. For more information or to schedule a tour of the newly opened section of Homestead Estates, call (866) 702-6757 ext 122 or visit LGIHomes.com/HomesteadEstates. About LGI Homes Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com. MEDIA CONTACT:Rachel Eaton(281) 362-8998 ext. 2560 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8fbcaec-b99f-42a8-a974-ee3c2379b8bb The Torres Plan by LGI Homes at Homestead Estates The Torres Plan by LGI Homes at Homestead Estates features five bedrooms, three-and-a-half bathrooms...

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