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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) announced the grand opening of its new community, Levi Pines, in Cherryville, NC. This development, under the Century Complete brand, simplifies the online homebuying process. Homes in Levi Pines feature two-story layouts with open-concept designs, starting from the upper $100s, and include various amenities such as granite countertops and stainless-steel appliances. The community is strategically located near Cherryville's downtown, offering easy access to shopping and outdoor activities.
Century Communities, Inc. (NYSE: CCS), a leading homebuilder, has launched two model homes for viewing in its new community, Rosewood at Terra Ranch in Manteca, California. The community features single-family homes priced from the upper $400s and offers various floor plans, including single- and two-story options with up to 7 bedrooms and ample garage space. Residents will enjoy a community park complete with a playground and disc golf course. The location provides convenient access to highways 120 and 99, enhancing its appeal to potential homebuyers.
Century Communities, a top 10 national homebuilder, is sponsoring the 30th annual Christmas for Kids event in Denver. This initiative, coordinated by the Denver Active 20-30 Children's Foundation, supports underprivileged children with a $100 shopping budget for Christmas gifts. The event has adapted to a virtual format due to COVID-19, ensuring safety while still delivering joy to families. With a history of raising over $12 million, the foundation continues to impact children's lives positively, showcasing Century Communities' commitment to community support during challenging times.
Century Communities, Inc. (NYSE: CCS) announced that its Craig Ranch community in North Las Vegas has received recognition as a Silver Winner in the 2020 Best of Las Vegas contest for Best Planned Community. This honor, awarded by the Las Vegas Review-Journal, reflects the community's appeal among local residents. Craig Ranch features five home collections ranging from the upper $200s and includes amenities such as a 3.5-acre park and over five miles of trails. The Nevada Division President expressed excitement for the attention this award brings to the community.
Century Communities, Inc. (NYSE: CCS) has appointed Patricia Arvielo as an independent director to its Board, effective January 1, 2021. With over 39 years in mortgage and real estate, she co-founded New American Funding, a leading independent mortgage company. Arvielo's initiatives aim to improve homeownership access for Hispanic and Black consumers. Company executives express confidence that her expertise will enhance strategic initiatives and drive shareholder value. Century Communities operates in 17 states, focusing on homebuilding and offering related services.
Century Communities (NYSE: CCS) has announced the grand opening of Island Lakes at Midtown, a new home community in Taylor, Michigan. Located strategically near major highways and key amenities, the community offers two-story single-family homes featuring brick exteriors, stainless-steel appliances, and granite countertops. Offering 4-5 bedrooms and 2.5-3 baths, these homes range up to 2,217 square feet. The company also provides closing cost assistance to homebuyers, enhancing accessibility to affordable housing options.
Century Communities, Inc. (NYSE: CCS) has launched sales for two new single-family home collections at the popular Harmony community in Aurora, Colorado. This expansion includes six new floor plans, with options for ranch and two-story layouts and 3-bay garage designs. The Harmony community features over 1,300 acres, access to trails, parks, a P-8 school, and plans for a fitness center. Home prices start in the upper $300s, offering various layouts with 3 to 5 bedrooms and up to 2,408 square feet.
Century Communities, Inc. (CCS) has announced the launch of five new residential communities in the Charlotte Metro area, including locations in Union County and Mecklenburg County. The developments feature a combination of single-family homes and townhomes, with pricing starting from the mid $200,000s to the mid $300,000s. Home sizes range from 1,849 to 3,534 square feet and include various floor plans with 3 to 5 bedrooms. Company President Ken Rabel highlighted these offerings as great opportunities for homebuyers.
Century Communities reported a remarkable third quarter of 2020, achieving a 84% increase in net income to $49.8 million or $1.48 per diluted share. Home sales revenues surged 32% to $760.2 million with record home deliveries of 2,283 homes, up 21%. Notably, net new home contracts skyrocketed 57% to 3,204 homes. The company improved its backlog to 3,699 homes valued at $1.3 billion. These results reflect the effectiveness of strategic initiatives and strong demand in the housing market.
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