LGI Homes — Nov 5, 2024 release

The Company now expects: • Home closings between 6,100 and 6,400 • Active selling communities at the end of 2024 of approximately 150 • Average sales price per home closed between $360,000 and $370,000 • Gross margin as a percentage of home sales revenues between 24.0% and 25.0% • Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 26.0% and 27.0% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin • SG&A as a percentage of home sales revenues between 14.0% and 14.5% • Effective tax rate of approximately 24.5% This outlook assumes that general economic conditions, including input costs, materials, product and labor availability, interest rates and mortgage availability, in the remainder of 2024 are similar to those experienced to date in 2024 and that construction costs, availability of land and land development costs in the remainder of 2024 are consistent with the Company’s recent experience. In addition, this outlook assumes that governmental regulations relating to land development and home construction are similar to those currently in place. Earnings Conference Call The Company will host a conference call via live webcast for investors and other interested parties beginning at 12:30 p.m. Eastern Time on Tuesday, November 5, 2024 (the “Earnings Call”). Participants may access the live webcast by visiting the Investor Relations section of the Company’s website at www.investor.lgihomes.com. An archive of the Earnings Call will be available for replay on the Company’s website for one year from the date of the Earnings Call. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and sys