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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 is launching a new residential community, Trinity Ranch, in Elgin, TX, with homes starting at the high $200,000s. This community is about 25 miles east of Austin and will feature a range of floor plans, including single-family homes with modern designs. Sales are expected to commence in February 2023. Residents will enjoy amenities such as community pools and playgrounds, along with quick access to shopping, dining, and outdoor activities. Century Communities emphasizes their innovative online homebuying experience for this development.
Century Communities (NYSE: CCS) has launched its first community of robotically printed 3D homes at Mountain View Estates in Casa Grande, Arizona. Prices start in the upper $200,000s, offering three single-story floor plans with up to 4 bedrooms and 1,901 sq. ft. Homes feature durable concrete composite walls for energy efficiency, noise reduction, and sustainability. Century Complete promotes an online homebuying experience, streamlining the purchasing process. Executive leaders express excitement about this affordable housing solution, marking a significant innovation in the homebuilding industry.
Century Communities (CCS) announced its fourth quarter and full year 2022 financial results will be released on February 1, 2023, after market close. A conference call will occur at 5:00 p.m. ET the same day to discuss results and recent developments. The company, a top national homebuilder operating in 18 states, is known for its focus on new home acquisition, construction, and marketing. For further details, investors can access the call via the company’s website.
Century Communities (NYSE: CCS) announced the launch of its new community, Horizon at Semiahmoo, in Blaine, WA, now offering homes starting in the low $700s. The community features a total of 27 homesites showcasing the MacLaine floor plan with 3 to 4 bedrooms and up to 3,283 square feet. Located near parks and downtown attractions, the community emphasizes an appealing coastal lifestyle. Century Communities also highlights its online homebuying experience, allowing buyers to purchase homes conveniently. Interested buyers are encouraged to tour the model home.
Century Communities, Inc. (NYSE: CCS) announces the launch of its new community, Concourse Crossing, in Fernandina Beach, Jacksonville Metro area. This development features a range of single-family homes and townhomes starting in the $300,000s, equipped with the Century Home Connect smart home package. The community includes pond-adjacent homesites and walking trails, located near Amelia Island's attractions. Concourse Crossing offers flexible floor plans with up to 6 bedrooms and 3,161 square feet, showcasing the builder's commitment to innovative homebuilding.
Century Communities (NYSE: CCS) has commenced construction on a 300-unit apartment complex in Parker, Colorado, under its Century Living division. This project, located in a prime area with access to local amenities and employment opportunities, is set to open for leasing in Q4 2023. The community will feature a range of amenities including a clubhouse, pool, and fitness center, alongside various 1- to 3-bedroom units. With upscale design features and a strategic location, this development aims to meet the growing housing demand in the region.
Century Communities is launching new residential developments under its Century Complete brand in Louisiana, specifically in Baton Rouge, Lafayette, and Lake Charles. These communities will feature affordable single-family homes and townhomes starting from the low $200s, with a total of 600 planned homes. The first two communities, Timberstone Estates and Mill's Terrace, are set to open in December 2022. The company emphasizes a modern online homebuying process, making it easier for buyers to purchase homes.
Century Communities (NYSE: CCS), a leading national homebuilder, declared a quarterly cash dividend of $0.20 per share, set to be paid on December 14, 2022. Shareholders on record by the close of business on November 30, 2022 will qualify for this dividend. The company operates in 17 states and over 45 markets in the U.S., actively involved in homebuilding and offering additional services like title and lending through its subsidiaries.
Century Communities, a top 10 national homebuilder, has announced the opening of two new gated communities in Southern California: Stonebrook Meadows in Yucaipa and The Depot in Rialto, adding a total of 113 homesites. Homes in both communities are priced from the high $400s and feature modern, open-concept designs. The grand opening for Stonebrook Meadows is on November 5, 2022, offering buyers a chance to tour model homes. Century is also promoting its online homebuying process as part of its innovative sales strategy.
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