Welcome to our dedicated page for Century Communit news (Ticker: CCS), a resource for investors and traders seeking the latest updates and insights on Century Communit stock.
About Century Communities, Inc. (NYSE: CCS)
Century Communities, Inc. (NYSE: CCS) is a Colorado-based homebuilder and one of the largest in the United States, with operations spanning 17 states and over 45 markets. Established in 2002, the company is dedicated to delivering high-quality, affordable housing solutions through its two distinct brands: Century Communities and Century Complete. Offering a wide range of single-family homes, townhomes, and flats, Century Communities caters to diverse homebuyers, from first-time buyers to those seeking move-up homes. Its mission, encapsulated in the slogan "A Home for Every Dream®," reflects its commitment to making homeownership accessible and fulfilling for all.
Core Business Segments
Century Communities operates through six primary business segments:
- Homebuilding: The company’s homebuilding operations are divided into five geographic regions: West, Mountain, Texas, Southeast, and Century Complete. These regions enable the company to maintain a strong presence in high-growth metropolitan areas across the U.S., such as Denver, Houston, Atlanta, and Phoenix.
- Financial Services: Through subsidiaries like Parkway Title, Inspire Home Loans, and IHL Home Insurance Agency, Century Communities offers mortgage, title, and insurance services, providing an integrated and seamless homebuying experience.
Innovative Online Homebuying Platform
Century Communities is an industry leader in digital innovation, offering an industry-first online homebuying platform. This platform allows prospective buyers to explore, customize, and purchase homes entirely online, providing unmatched convenience and flexibility. The company’s focus on digital transformation aligns with evolving consumer preferences and sets it apart from competitors.
Strategic Land Development
The company’s strategic approach to land acquisition and development ensures a steady pipeline of lots in desirable locations. Its land-light strategy emphasizes controlled lots, which accounted for a significant portion of its inventory, enhancing financial flexibility and reducing risk. Century Communities has also expanded its footprint through acquisitions, such as Anglia Homes in Houston, Texas, further solidifying its market presence.
Market Position and Competitive Advantages
Century Communities is recognized as one of the fastest-growing homebuilders in the U.S., consistently ranking among the top homebuilders by revenue. Its competitive advantages include:
- Affordability: The company focuses on delivering high-quality homes at accessible price points, addressing the growing demand for affordable housing.
- Diverse Offerings: With homes ranging from the mid-$200s to the $700s, Century Communities appeals to a broad spectrum of buyers.
- Customer-Centric Approach: By integrating financial services and leveraging its online platform, the company streamlines the homebuying process, enhancing customer satisfaction.
- Geographic Diversity: Operating in 17 states, the company mitigates regional market risks and capitalizes on growth opportunities in different areas.
Commitment to Sustainability and Community
Century Communities is committed to sustainable building practices and community development. Its homes feature energy-efficient designs and modern amenities, aligning with environmental standards and customer expectations. Additionally, the company invests in community amenities such as parks, trails, and recreational facilities, creating vibrant neighborhoods that enhance residents' quality of life.
Recognition and Awards
Century Communities has earned accolades for its trustworthiness and innovation. It has been featured on Newsweek’s lists of America’s Most Trustworthy Companies and the World’s Most Trustworthy Companies, underscoring its reputation for integrity and reliability.
Conclusion
Century Communities, Inc. stands out in the homebuilding industry for its commitment to affordability, quality, and innovation. By combining strategic land development, diverse housing options, and an integrated digital homebuying experience, the company continues to fulfill its mission of providing "A Home for Every Dream®." With a robust market presence and a customer-focused approach, Century Communities is well-positioned to meet the evolving needs of homebuyers across the United States.
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.
Century Communities (NYSE: CCS) plans to build over 400 homes in Conroe, Texas, with two new communities named Granger Pines and Caney Mills. These developments will feature homes from the Liberty Collection, starting in the low $200s. Buyers can choose from various single- and two-story floor plans, including modern amenities like the Century Home Connect smart home package. Granger Pines will have 122 homesites and Caney Mills 290, with projected sales starting in fall 2021. The areas are strategically located near major highways, schools, and parks, catering to growing demand in the Houston Metro area.
Century Communities (NYSE: CCS) announced the opening of a new model townhome at Coal Creek Commons in Erie, Colorado, set for April 9, 2021. The showcase features the Residence 602 floor plan, with two stories, a covered porch, and 5-piece bath. The community offers diverse ranch and two-story layouts with up to three bedrooms and attached garages. Priced from the low $400s, it includes a home automation package and amenities such as a community pool. Proximity to Denver and Boulder adds to its appeal.
Century Communities, Inc. (NYSE: CCS) will host a Grand Opening event for its new community, Weddington Pointe, in Union County, NC, on April 10-11, 2021. The community offers a variety of ranch and two-story homes with prices starting from the high $200s, featuring 3 to 5 bedrooms and up to 2,850 square feet. Located near downtown Monroe and less than an hour from Uptown Charlotte, Weddington Pointe includes community amenities such as a pool and clubhouse. Homes are selling quickly, emphasizing the demand in the area.
Century Communities is expanding its Century Complete brand into North Florida, launching six new communities in 2021, primarily in the Panhandle and Jacksonville regions. These new homes will feature modern amenities and range in price from the high $100s to the mid $200s. Homebuyers will benefit from an innovative online purchasing process that simplifies buying. The communities will mostly consist of single-family homes, with various floor plans available. This expansion is part of Century's strategy to capitalize on the growing demand for affordable housing in scenic locations.
Century Communities (NYSE: CCS) has launched Fairway Farms, a new residential community in Tomball, Texas, with homes priced from the low $200s. This community features nearly 200 homes with single- and two-story options, showcasing popular designs and modern amenities including granite countertops and smart home technology. Conveniently located near the Houston Metro area, Fairway Farms offers access to green spaces and parks. The sales center is located at 25603 Pinyon Hill Trail, Tomball, TX 77375. Interested buyers can visit the company's website for more details.
Century Communities, Inc. (NYSE: CCS) will release its first quarter 2021 financial results on April 28, 2021, after market close. A conference call will follow at 5:00 p.m. Eastern time to discuss results and recent developments. The call can be accessed via the company's website or by phone. Century Communities ranks among the top 10 national homebuilders, operating in 17 states and offering services like title and lending through its subsidiaries. Investors can listen live or access playback through May 28, 2021.
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