Welcome to our dedicated page for CENTURY COMMUNITIES news (Ticker: CCS), a resource for investors and traders seeking the latest updates and insights on CENTURY COMMUNITIES stock.
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) 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.
Century Communities, Inc. (NYSE: CCS) announced a quarterly cash dividend of $0.15 per share, to be paid on September 15, 2021, to stockholders on record as of September 1, 2021. This dividend reflects the company's ongoing commitment to returning value to its shareholders. As a top 10 national homebuilder, Century operates across 17 states, offering title, insurance, and lending services through various subsidiaries. The company emphasizes that future dividends are subject to Board approval and various financial factors.
Century Communities, Inc. (NYSE: CCS) has launched a private offering of $400 million Senior Notes due 2029, targeting qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. The notes are expected to be secured by the company's wholly-owned subsidiaries. Proceeds will redeem all $400 million of existing 2025 Senior Notes, contingent upon market conditions. A conditional notice has been issued for the redemption on September 2, 2021, at a price of 102.938% of the principal amount plus accrued interest.
Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, has announced the grand opening of a new model home featuring the Bronte floor plan at Enclave at Pine Grove in Parker, Colorado. This community includes 142 lots with strong sales momentum and offers a variety of homes ranging from 3 to 6 bedrooms. Positioned near shopping, dining, and parks, the Enclave provides prime accessibility to downtown Parker and major destinations such as the Denver Tech Center and Denver International Airport. Interested buyers can tour the model and explore available homes.
Century Communities, Inc. (NYSE: CCS) reported a record second quarter for 2021, with net income soaring 207% to $117.9 million, or $3.47 per share. Home sales revenues hit $1.0 billion, an increase of 34%, while home deliveries rose 12% to 2,771 homes. The company also saw a 17% rise in net new home contracts, totaling 3,120 homes. Its backlog improved to 4,446 homes valued at $1.8 billion. Notably, EBITDA increased 142% to $173.2 million. Century expanded its credit line by $800 million and initiated a quarterly dividend of $0.15 per share.
Century Communities, Inc. (NYSE: CCS) has launched its second community in the Sonterra West development in Jarrell, TX. The new construction homes are priced from the upper $200s and feature versatile floor plans with open-concept layouts. Buyers can choose from six single-story and seven two-story plans, offering 3 to 5 bedrooms and up to 2,560 square feet. This community provides residents with access to amenities like a clubhouse, pool, and scenic surroundings, while maintaining proximity to major cities like Austin and Waco.
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