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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, a prominent homebuilder, reported strong first quarter 2023 results, achieving net income of $33.3 million or $1.04 per diluted share. Total revenues reached $753.0 million, with home deliveries totaling 1,912 homes. The company increased its community count to a record 234 and anticipates home deliveries for the full year to range between 7,250 to 8,250 homes, generating estimated sales revenues of $2.7 billion to $3.2 billion. Financially, the company boasts a solid balance sheet with $2.2 billion in stockholders' equity and $1.2 billion in liquidity. They also raised their quarterly dividend by 15% to $0.23 per share.
Century Communities, a leading homebuilder, announces the Grand Opening of its Barton Hills community in Spring Hill, Tennessee, on April 22, 2023, with homes starting from the mid $400s. This new development features 256 homesites and offers five two-story floor plans, accommodating 3 to 5 bedrooms and 3 to 4 bathrooms. Key amenities include spacious homes with modern features, and future plans for a walking trail and recreational areas. The location provides easy access to Nashville's shopping and employment hubs, enhancing its appeal to potential buyers.
The company promotes an innovative online homebuying experience, streamlining the purchasing process for buyers.
On April 12, 2023, Century Communities announced the launch of East Virginia Village, a new townhome community in Denver. The project features 74 two-story townhomes with 3 bedrooms, 2.5 baths, and attached 2-bay garages, priced from the mid $400s. With nearly 20% of the homes sold shortly after opening, this community offers low-maintenance living and proximity to local amenities, including parks and shopping. Residents benefit from the Cherry Creek School District and enjoy various nearby recreational facilities.
Century Communities continues to lead the market with its innovative online homebuying platform, enabling customers to conveniently purchase homes remotely.
Century Communities, Inc. (NYSE: CCS) announced its first quarter 2023 financial results release on April 26, 2023, after market close. A conference call will follow at 5:00 p.m. Eastern time to discuss results and recent events. Investors can access the call via the Company's website or by dialing in. The Company operates in 18 states with a focus on homebuilding, offering services that include title and lending through subsidiaries.
Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, has been recognized by Newsweek as the highest-ranked homebuilder on its 2023 list of America's Most Trustworthy Companies. The awards, announced on March 29, 2023, are based on an independent survey of 95,000 U.S. residents assessing trust across three pillars: customer, investor, and employee trust. Century Communities is commended for its innovative online homebuying experience, allowing customers to easily purchase homes. Co-CEOs Dale and Rob Francescon highlighted the achievement as a reflection of the company's commitment to high standards and exceptional service.
Century Communities, a top 10 national homebuilder, has launched The Townes at Skyline Ridge in Castle Pines, CO, featuring two- and three-story townhomes starting from the low $500s. The development offers 187 homes, with seven floor plans available, ranging from 1,319 to 1,737 square feet, and includes modern amenities such as Whirlpool appliances. Buyers can explore model homes in Spring 2023. This community is strategically located near I-25, providing easy access to the Denver Tech Center and recreational areas. Century Communities also emphasizes its innovative online homebuying experience, making it easier for potential buyers to purchase homes seamlessly.
Century Communities (NYSE: CCS), a leading national homebuilder, is now pre-selling homes at Creekland Village in Cypress, TX, part of the popular Bridgeland community. The development spans 2,300 acres, with over 54% dedicated to open space, and includes a state-of-the-art amenity center. Homes will start in the mid $300s, offering five floor plans and a model home is under construction. The community provides various amenities, including hiking trails and easy access to Houston via major highways. Interested buyers can explore homes online through an innovative homebuying experience.
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