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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. (NYSE: CCS), a leading national homebuilder, will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call to discuss the results will take place at 5:00 p.m. Eastern time the same day. Investors can access the live broadcast on the company's website and participate via phone by dialing in five minutes before the call. Century Communities operates in 17 states and over 40 markets across the U.S., offering new homes and relevant services through its subsidiaries.
Century Communities (NYSE: CCS) recently launched two new pre-sale communities, Olivewood and Meadowood II, in Fresno, California. These developments will add over 300 homesites, featuring a variety of single-family homes with modern designs and smart home technology. Olivewood will offer homes starting from the low $400s, while Meadowood II's pricing begins in the mid $400s. Both communities promise access to local amenities, schools in the Clovis Unified School District, and beautiful parks, attracting prospective homebuyers eager for new opportunities in the area's housing market.
Century Communities, Inc. is expanding its Century Complete brand into the Louisville Metro area, marking its first communities in Kentucky. The new developments include single-family homes with pricing from the high $100s to low $300s. The company operates in 17 states, offering modern homebuying experiences through an innovative online purchasing process. The new sales studios in Louisville will open in fall 2021, providing both in-person and online options for buyers.
Century Communities, Inc. (NYSE: CCS) has announced a substantial land acquisition in Porter, TX, transitioning from the decommissioned North Houston Airport. The community, named Maple Heights, will feature 917 homesites with six modern floor plans, starting sales in early 2022. Notable features include granite countertops, tankless water heaters, and smart home technology. The community will also offer recreational amenities and is strategically located near major highways, enhancing accessibility for potential buyers.
Centry Communities, Inc. (NYSE: CCS) has closed a private offering of $500 million in 3.875% Senior Notes due 2029. The proceeds will primarily be utilized to redeem $400 million of its 5.875% Senior Notes due 2025. This refinancing strategy aims to optimize the company’s debt structure. The notes are secured by the company’s current and future subsidiaries, enhancing their appeal in the credit market. Following the redemption, remaining funds will be allocated for general corporate purposes.
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