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Century Communities, Inc. (NYSE: CCS), founded in 2002, is a leading national homebuilder headquartered in Colorado. The company specializes in the construction of single-family homes, townhomes, and flats across major metropolitan markets in Colorado, Texas, Nevada, and Georgia. Known for its rapid growth, Century Communities is among the top five fastest-growing homebuilders in the United States by total revenue.
Century Communities operates through five distinct homebuilding segments: West, Mountain, Texas, Southeast, and Century Complete. Additionally, it has a sixth segment dedicated to financial services, which provides mortgage, title, and insurance services to homebuyers. The company's comprehensive approach encompasses land acquisition, entitlement, development, construction, marketing, and home sales.
The company's latest offerings include new communities like Trails at Smoky Hill in Parker, Colorado, and University Village in San Antonio, Texas. These communities feature a range of home styles and floor plans, incorporating desirable features such as smart home technology, spacious layouts, and multi-generational suites.
Century Communities' dedication to quality and customer satisfaction is evident. The company has been recognized on Newsweek's list of America's Most Trustworthy Companies for 2023 and 2024. The company's mission, through its Century Communities and Century Complete brands, is to build attractive, high-quality homes at affordable prices, providing a home for every dream.
Financially, Century Communities has shown strong performance. In the fourth quarter of 2023, the company reported record deliveries of 3,157 homes, generating total revenue of $1.2 billion. For the full year 2023, the company delivered 9,568 homes with total revenues of $3.7 billion. The company anticipates further growth in 2024, targeting deliveries of 10,000 to 11,000 homes and home sales revenues between $3.8 billion and $4.2 billion.
Moreover, Century Communities continues to innovate with its industry-first online homebuying experience, providing a seamless and efficient homebuying process for customers nationwide. The company also offers comprehensive title, insurance, and lending services through its subsidiaries Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans.
For more detailed information about Century Communities, visit their official website at www.centurycommunities.com.
Century Communities (NYSE: CCS) has launched Sterling, a new residential community in Jurupa Valley, California's Inland Empire region, with homes starting from the low $600s. The development features four two-story floor plans ranging from 3 to 4 bedrooms, 2.5 bathrooms, and 2-bay garages, with homes up to 1,958 square feet. The community includes amenities such as picnic tables and shade structures, with convenient access to I-15, dining, and shopping. Sterling showcases Century Communities' online homebuying platform, allowing customers to complete the entire purchase process digitally.
Century Communities (NYSE: CCS) announces its Century Complete brand is now selling new homes at Grand Oaks, a gated community in Avon Park, Florida. The development features single-family homes starting from the $260s, with 95 homesites offering up to 4 bedrooms and 1,941 square feet. Grand Oaks includes amenities such as a community dock, boat ramp, pool, and cabana. The community showcases the single-story Coryell floor plan through a model home and offers online homebuying capabilities through Century Complete's digital platform.
Century Communities (NYSE: CCS) has announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be paid on December 11, 2024, to stockholders of record as of the close of business on November 27, 2024.
Century Communities announced a model grand opening event on November 9 at Liberty Bay Vista, their new community in Poulsbo, Washington. The development offers single-family homes starting from the high $700s, featuring 3 to 5 bedrooms and ranging from 2,219 to 3,392 square feet. Select lots provide views of Liberty Bay and basement options. The homes include premium features like quartz countertops, luxury vinyl plank flooring, and the Century Home Connect® smart home package. Community amenities include a playground, walking trails, park, and basketball courts, with convenient access to downtown Poulsbo.
Century Communities (NYSE: CCS) has unveiled a new model home at their Rancho Colorado development in Bullhead City, Arizona. The community features ranch-style homes starting from the $240s, with floor plans ranging from 1,155 to 1,815 square feet. The development offers over 150 single-family homesites with up to 4 bedrooms and 2 bathrooms. Standard features include granite countertops, Kohler® fixtures, stainless-steel appliances, and covered patios. Located less than a mile from the Colorado River, the community showcases the Verbena plan model home and offers Century Complete's online homebuying experience.
Century Communities (NYSE: CCS) has launched sales of new homes at Pattison Place in Olympia, Washington. The development offers two-story single-family homes priced from the mid $500s, featuring 3 to 4 bedrooms, 2.25 bathrooms, and 2-bay garages. Home sizes range from 1,959 to 2,745 square feet. Premium features include quartz countertops, front and backyard landscaping, luxury vinyl plank flooring, large kitchen islands, and primary suites with bathrooms and walk-in closets. The community is located just three miles from downtown Olympia, near the southern tip of the Puget Sound.
Century Communities (NYSE: CCS) announces Grand Opening events for two new home communities in Merced, California: Sundial at Bellevue Ranch and Solera III, bringing a total of 156 new homesites to the area. The events will take place on October 26 from 12 to 3 p.m., featuring model tours and special savings. Sundial at Bellevue Ranch offers homes from the mid $400s with 3-5 bedrooms and 1,415-2,287 square feet, while Solera III starts from the low $400s with 3 bedrooms and 1,290-1,777 square feet. Both communities feature single and two-story floor plans with modern open-concept designs on generous homesites.
Century Communities (NYSE: CCS) reported strong Q3 2024 results with home sales revenues of $1.1 billion, up 29% year-over-year. The company achieved record-breaking deliveries of 2,834 homes, representing a 25% increase, while net new home contracts grew 19% to 2,563. The company reached a record community count of 305, up 21% YoY. Net income was $83.0 million ($2.59 per diluted share), with adjusted net income of $87.0 million ($2.72 per diluted share). The company maintained strong margins with adjusted homebuilding gross margin of 23.6%. Century Communities increased its 2024 guidance, projecting 10,900-11,300 home deliveries and sales revenues of $4.3-4.4 billion.
Century Communities has announced the launch of its fourth new home community, Kendall Glades, in the Huntsville metro area through its Century Complete brand. Located in Toney, Alabama, just 17 miles from Huntsville, Kendall Glades offers affordable single-family homes starting from the $250s. The community features 80 homesites with single- and two-story floor plans, up to 5 bedrooms, 3 bathrooms, and 2,180 square feet.
Homes include desirable features such as granite countertops, Kohler® fixtures, and stainless-steel appliances. Century Complete also provides an online homebuying experience for all available homes in Alabama, allowing buyers to easily find and purchase their ideal home while working with their chosen real estate agent. The company offers additional communities in the Huntsville area, including Laurenwood in Athens, Bermuda Lakes in Meridianville, and Ramsay Cove in Owens Cross Roads.
Century Communities, a top U.S. homebuilder, announces a significant expansion of new home offerings in the Greater Nashville area. The company is launching multiple new communities in growing locations like Pleasant View, Lebanon, and Murfreesboro. These include:
1. Slatewood in Murfreesboro: Opening in November, priced from the $700s.
2. Averitt Landing in Lebanon: Under construction and pre-selling from the low $500s.
3. Canebrake at Hickory Hills in Old Hickory: Under construction and pre-selling from the high $400s.
4. Morgan's Place in Ashland City: Now selling from the high $300s.
5. Highland Reserves in Pleasant View: Now selling from the high $400s.
These communities offer a variety of single-family detached homes with different floor plans, amenities, and price points. Century Communities also highlights its online homebuying experience, allowing customers to purchase homes entirely online.
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