LGI Homes, Inc. opened its newest community, Sherman Heights, in Sherman, Texas, on April 15, 2026. The 196‑home development offers three‑ and four‑bedroom floor plans and includes LGI’s CompleteHome™ package, which bundles appliances, landscaping and upgrades at no extra cost to buyers.
Sherman Heights sits north of Dallas and features a park with playgrounds, picnic areas and walking trails. The community is also close to shopping, dining and highly rated schools, positioning it as an attractive option for entry‑level buyers seeking move‑in‑ready homes.
The opening expands LGI’s presence in Texas, a high‑growth market, and adds to the company’s portfolio of 36 markets across 21 states. The new community is expected to strengthen the company’s sales pipeline and support its goal of maintaining community count growth amid a challenging housing market.
LGI’s Q4 2025 earnings showed home sales revenue of $474.0 million and an adjusted gross margin of 22.3%, with earnings per share of $0.97 beating analyst estimates. The company’s 2026 guidance projects 4,600–5,400 home closings, an average sales price of $355,000–$365,000, and an adjusted gross margin of 21.0%–23.0%, reflecting ongoing margin pressure and a shift toward more affordable homes.
CEO Eric Lipar said the 2026 guidance “reflects the conditions we are seeing in the market today and assumes they persist through the balance of the year.” Division President Stacy Conley added that the new neighborhood “reflects our commitment to delivering high‑quality, affordable homes in desirable locations.”
The company’s stock was trading at $39.29 on April 15, 2026.
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