LGI Homes, Inc. has opened its newest development, Waters Farm, in Woodruff, South Carolina, adding 198 homesites to the company’s portfolio. The community features six floor‑plan options ranging from three‑ to four‑bedroom homes, with base prices beginning in the $270,000 range. LGI’s CompleteHome™ package—an all‑in‑one bundle of energy‑efficient appliances, granite countertops and other upgrades—comes at no additional cost to buyers.
Waters Farm’s design and pricing strategy align with LGI’s spec‑driven construction model, which emphasizes speed, cost efficiency and a streamlined buying experience. The new community feeds directly into the company’s 2026 guidance, which projects the sale of 4,600–5,400 homes at an average price of $355,000–$365,000 and a gross margin of 18–20%. In Q4 2025, LGI reported revenue of $473.97 million and an adjusted gross margin of 22.3%, while a 19.8% year‑over‑year decline in Q2 2025 revenue highlighted the importance of new inventory to sustain growth.
"Waters Farm offers the perfect balance of community, comfort and accessibility. Homebuyers will enjoy the charm of downtown Woodruff paired with quick access to Greenville and Spartanburg, along with professionally designed homes that are ready to live in from day one," said Chris Cositore, Vice President of Sales for South Carolina. The location places residents within a short drive of major employers such as BMW Manufacturing, GE and Michelin, reinforcing the community’s appeal to first‑time buyers and renters looking to transition to homeownership.
Analysts view the launch as a positive step toward meeting LGI’s growth targets, though some have expressed concerns about margin pressure amid rising construction costs. The company’s guidance for 2026 reflects confidence in its spec‑driven model, while acknowledging the need for disciplined cost control to maintain the projected 18–20% gross margin. The addition of Waters Farm strengthens LGI’s competitive position in the Greenville‑Spartanburg market, where demand for affordable, move‑in‑ready homes remains robust.
The launch of Waters Farm demonstrates LGI Homes’ continued focus on expanding its presence in high‑growth markets while leveraging its standardized, cost‑efficient build process. By adding 198 homesites in a region with strong employment prospects, the company is positioning itself to capture a larger share of the entry‑level housing segment and to sustain the momentum outlined in its 2026 guidance.
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