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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, a leading homebuilder, announced the upcoming release of new homes across five communities in the Atlanta metro area, scheduled to open by fall 2021. Prices for these homes will start in the mid $300s. Highlights include innovative designs with smart home features, located near key amenities and attractions. The communities are Fairburn's Southwind, Dallas' Summit Pointe, Canton's Carmichael Farms, and Sugar Hill's Level Creek and Sardis Falls. The developments aim to meet increasing demand in sought-after areas, enhancing homebuyer options.
Century Communities (NYSE: CCS), a prominent homebuilder, has announced the launch of six new communities in North Carolina under its Century Complete brand. These include versatile options of single-family homes and townhomes, with pricing ranging from the mid $100s to the low $200s. The homes feature appealing layouts and modern amenities such as stainless-steel appliances and granite countertops. The new communities are strategically located with access to recreational areas and essential amenities, enhancing value for prospective buyers.
Century Communities (NYSE: CCS) announced it will release its Q2 2021 financial results on July 28, 2021, after market close. A conference call to discuss these results and recent events will be held that day at 5:00 p.m. Eastern time. Investors can access the call via their website and are encouraged to register 15 minutes in advance. Century Communities, one of the top 10 national homebuilders, operates in 17 states and offers a range of services including home construction, title, insurance, and lending.
Century Communities (NYSE: CCS) will unveil two new model homes at Skyline Ridge in Castle Pines on June 19-20. The homes showcase the Princeton II and Harvard floor plans, part of the Prestige Collection, catering to homebuyers seeking spacious, multi-generational living options. Key features include generous 3-bay garages and dedicated home offices, with prices starting in the $700s. Located 20 minutes from Castle Rock and the Denver Tech Center, the community offers easy access to parks and golf. For more details, visit www.CenturyCommunities.com/SkylineRidgeCO.
Century Communities, Inc. (NYSE: CCS) has launched a new collection of townhomes called Harmony at Matthews in Matthews, NC. These two-story homes feature open-concept designs, modern kitchens, and attached garages, with prices starting from the $300s. The community includes planned amenities such as a pocket park. Located near Highway 74 and I-485, residents will have easy access to Charlotte and other regional attractions. Interested homebuyers can explore the Cameron model and quick move-in options online.
Century Communities (NYSE: CCS) announces the launch of Echo, a new gated community in South El Monte, California, featuring two-story townhomes starting from the low $700s. The homes offer 3-4 bedrooms, 2.5 bathrooms, and a range of modern amenities, including a smart home package. Echo's location provides easy access to downtown LA, shopping, and recreational areas. Interested buyers can schedule tours of model homes online. With a focus on innovative homebuilding across 17 states, Century aims to cater to a variety of homebuyers.
Century Communities has announced a new quarterly cash dividend of $0.15 per share, equating to $0.60 per share annually. This dividend will be paid on June 16, 2021, to stockholders of record by June 2, 2021. Chairman Dale Francescon emphasized the company's growth and profitability, while Co-CEO Rob Francescon expressed confidence in sustaining profitable growth and returning capital to shareholders. This marks a significant development in CCS's commitment to shareholder value post its public offering seven years ago.
Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, is scheduled to present at the 14th Annual J.P. Morgan Homebuilding & Building Products Conference on May 19, 2021, at 3:10 p.m. Eastern time. The presentation will be accessible through the Investor Relations section of Century's website, with a replay available post-event. Century Communities operates in 17 states and offers a range of services, including title, insurance, and lending, through its subsidiaries. For further details, visit www.centurycommunities.com.
Century Communities, Inc. (CCS) reported remarkable financial results for Q1 2021, achieving a record net income of $101.7 million, up 289% year-over-year. Home sales revenue surged 67% to $959.3 million, driven by a 50% increase in home deliveries, totaling 2,797 units. The company’s backlog reached a record 4,097 homes valued at $1.6 billion, reflecting a 58% increase. Strong operational efficiencies improved gross margins to 21.1% and SG&A expenses decreased to 9.6% of revenues. With total liquidity of $1.2 billion and a net debt to net capital ratio of 19.9%, Century remains poised for growth.
Century Communities (NYSE: CCS) has announced the grand opening of model homes for sales at its Deerbrooke community in Leander, Texas. This planned community features resort-style amenities, including a fitness center, dog park, and miles of trails. Homebuyers can select from eight floor plans, with homes priced from the mid $300s. The community emphasizes a prime location in the Austin Metro area, with nearby parks, schools, and shopping options. Tours of the Knox model home begin on April 23, 2021, showcasing versatile home designs aimed at a broad range of buyers.
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