appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . june 2015 learn how and when to remove this template message lgi homes lgi homes logo traded as nasdaq lgih 1 industry construction founded 2002 headquarters the woodlands texas u.s. key people thomas lipar founder eric lipar ceo mike snider president revenue 383 million 2014 number of employees 604 2 website lgihomes.com lgi homes is a texas based builder of housing developments with its development projects mostly focused in the southwestern region of the united states . according to builder magazine lgi homes is the 15th largest home builder in the united states . 3 in 2013 the company announced that they would be expanding to the southeast and that plans to develop new home communities in florida and georgia were in place . 4 the company began building houses in the houston area in 2003 . 5 total revenue for lgi homes in 2011 was 86 million a 49 % increase from the prior year while end totals for 2012 show 1 062 homes sold and 149 million in revenues with a 58 % increase over 2011 . 3 lgi homes closed 1 617 homes in 2013 and 3 404 in 2015 . lgi homes began publicly trading shares of their company on november 7 2013 . the share price of the initial 9 million shares rose from 11 per share to 12.26 by market closing an increase of 11 % . 6 according to lgi homes ceo eric lipar the company plans to use the 90 million they raised to grow their company even more with plans to expand particularly in major texas markets . 7 contents 1 history 2 corporate culture 3 projects and sales 4 divisions partnerships and subsidiaries 5 see also 6 references 7 external links history edit lgi homes was founded in 2003 in the woodlands texas . corporate culture edit lgi homes focuses on entry level housing in the vicinity of major metropolitan areas . its primary customer is the first time homebuyer . 8 lgi suffered less than most similar companies during the collapse of the united states real estate market in 2008 being one of the few top 100 builders to post gains in 2011 . 9 as of september 2015 lgi homes holds an a rating with the better business bureau . 10 projects and sales edit the low end home market that serves as the focus of lgi homes brand has grown throughout the company s history . currently lgi homes builds in exurban areas focusing development in towns that have traditionally been considered rural but are now being incorporated into the greater metropolitan areas of their respective cities . the company saw sales trend upward from 2006 to 2008 when it was the only builder in the builder magazine top 200 builders to generate unit sales and see revenue growth across that period . 11 the company s growth slowed in 2009 when lgi homes experienced a 9 % drop in home sales year over year . 12 according to lgi homes ceo eric lipar the company plans to use the 90 million they raised to grow their company with plans to expand in texas markets . 13 in october 2014 the company purchased oakmont home builders and expanded into north carolina south carolina and new mexico . in the same year the company closed 2 357 homes . in february 2015 lgi homes expanded to colorado . divisions partnerships and subsidiaries edit in 2010 lgi homes broke its partnership with interlinc mortgage inc. which began operating in 2006 . 14 15 see also edit companies portal housing estate references edit lgi homes inc. lgih ipo . nasdaq . retrieved 30 may 2015 . zucker shaina august 10 2012 . meet houston s fast 100 lgi homes today s business solutions victory transportation systems . houston business journal . retrieved 26 june 2013 . a b 2015 builder magazine builder 100 . builderonline.com . the builder . retrieved 8 may 2015 . affordable new homes from lgi homes are coming to central florida . lgi homes . july 10 2012 . retrieved 26 june 2013 . about lgi development . lgidevelopment.com . lgi development . retrieved 26 june 2013 . mantell ruth 7 november 2013 . the wall street journal s market watch . retrieved 24 february 2015 . zucker shaina 8 november 2013 . lgi homes ceo has big plans for 90m raise . houston business journal . retrieved 24 february 2015 . refuse to participate in the housing slow down builder radio interview with company ceo eric lipar 2008 . exception to the rule builder magazine march 2009 . bbb business review lgi homes . bbb.org . better business bureau . retrieved 26 june 2013 . dawson jennifer april 4 2010 . lgi homes goldentree insite targets dirt cheap lots . houston business journal . retrieved 26 june 2013 . lgi homes from the builder magazine 2009 builder 100 . zucker shaina . lgi homes ceo expects continued expansion after ipo . houston business journal . american city journals . retrieved 17 december 2013 . interlinc mortgage from lgidevelopment.com about interlinc from interlincmortgage.com external links edit official website lgi homes on facebook retrieved from https en.wikipedia.org w index.php title lgi homes & oldid 743465183 categories companies established in 2003companies based in texashome builderseconomy of houstonthe woodlands texashidden categories wikipedia articles with possible conflicts of interest from june 2015pages using infobox company with unsupported parametersuse dmy dates from may 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 19 51 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view