Century Communities Announces New Home Collections in Apache Junction, Arizona
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Insights
The expansion of Century Communities, Inc. into the Apache Junction area represents a strategic move to tap into the growing demand for housing in suburban and exurban markets. This decision likely follows a trend where buyers are seeking more affordable and spacious living options outside of major urban centers. The introduction of new home collections, The Crest Collection and The Ridge Collection, indicates an attempt to cater to diverse buyer preferences, offering both ranch and two-story layouts.
From a market perspective, the launch of 250 new houses could stimulate local economic activity, potentially increasing employment opportunities during the construction phase and boosting related industries. However, the impact on the company's stock will depend on the absorption rate of these homes. If the homes sell quickly at the starting price point in the high $300s, it could reflect strong market demand and positively influence investor sentiment towards Century Communities.
The announcement by Century Communities, Inc. regarding new home sales should be closely monitored by investors as it may signal the company's growth trajectory and financial health. The homebuilder's ability to expand into new markets and offer desirable features such as granite countertops, stainless-steel appliances and smart home packages could enhance its competitive edge and appeal to a broader consumer base.
Investors should consider the short-term cash flow implications of the project, which includes initial capital outlay and potential revenue from home sales. In the long-term, successful expansion could lead to increased market share and revenue growth. However, investors must also be cognizant of the risks associated with real estate market fluctuations and interest rate changes, which could affect buyer affordability and consequently, the company's sales velocity.
The development of Superstition Vista by Century Communities in the greater Phoenix area is indicative of the broader trends in the housing market, particularly the shift towards suburban development. The proximity to key locations such as the Phoenix-Mesa Gateway Airport and Lost Dutchman State Park may enhance the attractiveness of these homes to potential buyers.
An economic analysis would consider the implications of this development on local housing supply and prices. An influx of 250 new homes could moderate price growth in the area by increasing supply. However, if demand outstrips this new supply, it might contribute to upward pressure on prices in the surrounding market. Additionally, the economic multiplier effect of new construction could benefit the local economy, but this must be balanced against potential concerns such as increased traffic or strain on local infrastructure and services.
Top 10 homebuilder and industry leader now selling new build homes outside of
Offering a versatile lineup of single-family homes, Superstition Vista boasts desirable features, including granite countertops, stainless-steel appliances and tile flooring, as well as front yard landscaping and the builder's Century Home Connect® smart home package. The community also features resort-style amenities, ranging from an outdoor pool and clubhouse to walking trails and open space. In total, Superstition Vista will contribute 250 houses to the greater
Learn more about Superstition Vista and view available homes at www.CenturyCommunities.com/ApacheJunction.
NOW SELLING:
The Crest Collection at Superstition Vista|
Now selling from the high
- 5 floor plans; ranch and two-story homes
- 3 bedrooms, 2 to 3 bathrooms, 2-bay garages
- 1,299 to 2,377 square feet
Location:
2640 E. Music Mountain Avenue
480.791.1570
Learn more & explore available homes at www.CenturyCommunities.com/SuperstitionVistaCrest.
The Ridge Collection at Superstition Vista|
Now selling from the high
- 4 two-story floor plans
- 3 bedrooms, 2.5 to 3 bathrooms, 2-bay garages
- 1,712 to 2,181 square feet
Location:
2701 E. Music Mountain Avenue
480.791.1577
Learn more & explore available homes at www.CenturyCommunities.com/SuperstitionVistaRidge.
DISCOVER THE FREEDOM OF ONLINE HOMEBUYING:
Century Communities is proud to feature its industry-first online homebuying experience on all available homes in
How it works:
- Shop homes at CenturyCommunities.com
- Click "Buy Now" on any available home
- Fill out a quick Buy Online form
- Electronically submit an initial earnest money deposit
- Electronically sign a purchase contract via DocuSign®
Learn more about the Buy Online experience at www.CenturyCommunities.com/online-homebuying.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023. Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 18 states and over 45 markets across the
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SOURCE Century Communities, Inc.
FAQ
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