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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, Inc. has expanded its Century Complete brand into Sumter County, Florida, launching Sumter Villas, which features 175 single-family homes starting from the mid $200s. These homes will include desirable features such as granite countertops and stainless-steel appliances. The new community offers diverse floor plans, including ranch and two-story options, located conveniently between Orlando and Tampa. The homes are designed for online purchasing, allowing buyers a streamlined homebuying experience. A new model home is set to open later this fall.
Century Communities, Inc. has achieved recognition for its innovative online homebuying process by winning the 2022 Optimizer Award for Best B2C Buying Experience from Optimizely. This award was presented at the Opticon conference in San Diego. The company's mission, 'A Home For Every Dream®,' aims to make homeownership accessible by offering a user-friendly online experience. This includes a straightforward process for customers to shop and buy homes online, along with ongoing savings through its 20th Anniversary Sale. The company operates in 17 states across the U.S.
Century Communities, Inc. (NYSE: CCS) reported strong third quarter 2022 results, with net income rising 27% to $144.5 million or $4.44 per diluted share. Total revenues increased 19% to $1.1 billion, driven by deliveries of 2,630 homes, a 13% year-over-year growth. EBITDA reached $188.7 million, up 16%. Despite market challenges due to rising interest rates, the company maintained a healthy backlog of 3,455 homes valued at $1.4 billion. However, home deliveries guidance was revised down to 10,000 to 10,500 homes for the full year.
Century Communities (NYSE: CCS) announced its third quarter 2022 financial results will be released after market close on October 26, 2022. A conference call to discuss the results will take place on the same day at 5:00 p.m. Eastern time. The call is accessible via the Investors section of the company's website. Century Communities operates in 17 states, focusing on homebuilding and related services, including title and lending through its subsidiaries. For more information, visit centurycommunities.com.
Century Communities, a leading national homebuilder, announced the launch of seven new communities in west Michigan and northwest Indiana, featuring a total of 154 affordable homes under the Century Complete brand. The homes, available through an efficient online buying process, are priced from the mid $200s to mid $300s. Each community offers modern single-family floor plans with desirable amenities, enhancing homeownership accessibility in in-demand locations. The expansion is aimed at strengthening Century's presence in the Midwest and simplifying the homebuying experience.
Century Communities, Inc. (NYSE: CCS) is launching the Floret Collection at The Outlook at Southshore in Aurora, CO, with 89 new homesites and five new floor plans priced from the mid $600s. The collection features ranch and two-story homes equipped with smart home technology and modern amenities. Residents will enjoy resort-style facilities, including access to a saltwater pool and multiple community centers. An official Grand Opening event is scheduled for September 17, 2022, from 10 a.m. to 6 p.m., featuring tours of the Iris model.
Century Communities, Inc. (NYSE: CCS) has announced the Grand Opening of The Overlook at Johnstown Farms in Johnstown, Colorado, featuring homes starting in the low $500s. This new community offers 121 homesites and 6 unique single- and two-story floor plans, including smart home technology and modern finishes. The location provides easy access to I-25 and Northern Colorado cities like Fort Collins and Loveland, along with proximity to educational institutions and outdoor recreation. Century Communities emphasizes its innovative online homebuying experience for all available homes.
Century Communities, Inc. (NYSE: CCS) announced the grand opening of four new model homes in the Skye Canyon development, Las Vegas, scheduled for August 27, 2022. The homes feature modern designs with 3 to 6 bedrooms, open layouts, and smart home technology. Visitors can tour two model homes from each of the neighborhoods, Eaglepointe and Marvella, from 10 a.m. to 2 p.m.. Prices for homes start in the mid $400s, with various community amenities available, including parks and a pool.
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