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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 fourth quarter and full year 2021, with a 142% increase in net income to $498.5 million or $14.47 per diluted share. Total revenues surged 33% to $4.2 billion, fueled by a 14% rise in home deliveries, totaling 10,805 homes. In Q4 alone, net income rose 80% to $165 million. The company's return on equity reached 33%, marking the 19th consecutive profitable year. Looking ahead, the 2022 outlook estimates home deliveries between 11,500 and 12,500 homes.
Century Communities (NYSE: CCS) has expanded its online homebuying experience to include all homes across its operations in 17 states. This move builds on its previous success with the Century Complete brand, offering streamlined purchasing options for homebuyers. Key features include online prequalification, electronic earnest money deposits, and virtual tours, making the process more convenient. Celebrating its 20-year anniversary, the company is focused on enhancing accessibility in homeownership, with a full suite of digital tools for buyers.
Century Communities, Inc. (NYSE: CCS) announced it will release its fourth quarter and full-year 2021 financial results on February 2, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern time to discuss the results and recent events. Interested parties can access the call via the Company's website. The Company operates in 17 states with a focus on homebuilding and related services, including title and lending.
Century Communities is expanding its Century Complete brand into Gainesville, Florida, targeting the growing homebuying market. The company will introduce three new communities in High Springs, Lake City, and Live Oak, featuring single-family homes with prices starting from the low $200s. Each home includes modern features such as granite countertops and stainless-steel appliances, with spacious layouts up to 2,014 square feet. This expansion highlights Century Communities' commitment to innovative online homebuying processes, allowing customers to purchase homes conveniently.
Century Communities, a top 10 national homebuilder, is sponsoring the 31st annual Christmas for Kids event by the Denver Active 20-30 Children's Foundation on December 11, 2021. This event aims to support underprivileged children in the Denver area by providing each child with a $100 budget for holiday shopping, along with assistance in budgeting and wrapping gifts. The foundation has raised nearly $14 million since 1987 to benefit disadvantaged children. The event will implement health precautions to ensure safety during in-person activities.
Century Communities (NYSE: CCS), a prominent homebuilder, has declared a quarterly cash dividend of
Century Communities is expanding its presence in the Houston Metro area by launching five new Century Complete communities. These sites will feature single-family homes priced from the low $200s, with over 250 available homes. Each community will offer multiple contemporary floor plans, focusing on online homebuying. Key locations include Willis, Bryan, Huntsville, and Snook, with plans ranging in size and accommodating 3 to 5 bedrooms. This expansion reflects Century's commitment to affordable and accessible housing.
Century Communities, Inc. (NYSE: CCS) reported strong third quarter results for 2021, achieving record revenues of $958 million, a 21% year-over-year increase. Net income surged 129% to $114 million, or $3.31 per diluted share. Key highlights include a gross margin improvement to 25.7% and EBITDA rising by 87% to $162.9 million. Backlog reached 4,866 homes valued at $1.9 billion. With a return on equity (ROE) of 31%, the company showcases robust growth and operational efficiency despite challenges in the housing market.
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