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LGI picks up rate of homebuilding to meet strong demand during pandemic

from Houston Chronicle

LGI picks up rate of homebuilding to meet strong demand during pandemic Houston Chronicle When the pandemic began affecting the United States economy in the first quarter, The Woodlands-based homebuilder LGI Homes hit the brakes. It started building fewer than 50 homes in April as it gauged which way the housing market would turn. After a strong second quarter — in which its net income increased 20.8 percent to $55.6 million from $46.0 million a year earlier — LGI Homes is charging full steam ahead. READ MORE

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