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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 reported a record first-quarter net income of $142.5 million, or $4.20 per diluted share, marking a 40% increase from the previous year. Pre-tax income also reached a record at $188.8 million, with total revenues at $1.0 billion. The company achieved a return on equity of 33.7% and improved gross margins, reflecting strong demand despite supply chain challenges. The backlog rose to 5,247 homes, valued at $2.2 billion, and the annual guidance remains reaffirmed.
Century Communities, a leading homebuilder, announced the launch of its Century Complete brand in the Birmingham area, Alabama's largest metro region. This initiative includes two new communities in Birmingham and Rainbow City, featuring affordable single-family homes priced from the mid $200s. The homes will offer modern designs and amenities such as granite countertops and stainless-steel appliances. Century Complete aims to simplify the homebuying process with its online platform, enhancing accessibility for prospective homeowners.
Century Communities, Inc. (NYSE: CCS) plans to release its Q1 2022 financial results on April 27, 2022, following market closure. A conference call will occur at 5:00 p.m. Eastern time the same day, discussing results and holding a Q&A session. Interested parties can access the call through the company's website. The playback of the call will be available until May 27, 2022.
Century Communities is a leading national homebuilder operating in 17 states, involved in all aspects of homebuilding, including land acquisition and construction.
Century Communities (NYSE: CCS) has partnered with Diamond Age to construct 72 homes using innovative 3D printing technology in the Phoenix metro area. This marks Century's first use of 3D printing in home construction and Diamond Age's first on-site commercial deployment. The collaboration aims to reduce labor and construction cycle times while enhancing safety and quality. Construction of the first home is set to begin in Spring 2022, highlighting both companies' commitment to addressing the growing demand for affordable housing.
Century Communities has commenced construction on its 425-unit Lincoln Station Apartments in Lone Tree, CO. This project, part of its multifamily division, offers access to light rail and boasts high-end amenities including private courtyards, a rooftop deck, and a co-working area. The development features a mix of unit types, with an average size of 811 square feet. Expected to begin leasing in 2024, the project aims to enhance livability in a prime location near downtown Denver and major transportation routes.
Century Communities, Inc. (NYSE: CCS), a prominent national homebuilder, has announced a quarterly cash dividend of
Century Communities has launched its brand in Jacksonville, Florida, introducing five new home communities with over 900 homesites. Notable locations include Fernandina Beach and Jacksonville's Northside. The brand offers single-family homes, townhomes, and paired homes, with the option for online purchasing. This marks an expansion into a fast-growing market, aiming to cater to diverse homebuyer needs with a mix of floor plans and convenient online buying features.
Century Communities (NYSE: CCS), a leading U.S. homebuilder, has unveiled its Jasper model home at Monarch, a new community in Kingsburg, California. Homes start from the high $400s, featuring spacious floor plans, community parks, and a prime location near Highway 99. The Jasper model offers customizable layouts, including an optional pop-top for added living space. Monarch will have 64 homesites and amenities like playgrounds, appealing to various homebuyers. The community's proximity to downtown Kingsburg enhances its attractiveness for potential residents.
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