Subject to the caveats in the Forward-Looking Statements section of this press release, the Company is providing the following guidance for the full year 2023. The Company expects: Home closings between 6,000 and 7,000; Active selling communities at the end of 2023 between 115 and 125; Average sales price per home closed between $335,000 and $350,000; Gross margin as a percentage of home sales revenues between 21.0% and 23.0%; Adjusted gross margin as a percentage of home sales revenues between 22.5% and 24.5% with capitalized interest accounting for substantially all the difference between gross margin and adjusted gross margin; SG&A as a percentage of home sales revenues between 11.5% and 12.5%; Effective tax rate between 23.5% and 24.5%.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LGIH:
- LGI Homes Announces Opening of New Tampa Community, Royal Highlands
- LGI Homes Opens New Section in Prestigious Community in Houston Market
- LGI Homes, Inc. Reports January 2023 Home Closings
- LGI Homes announced it closed 331 homes in January
- LGI Homes Announces Expansion in the Fort Myers Market with Newest Community in Immokalee