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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. (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.
Century Communities (CCS) announces new home offerings in Parker, Colorado, recently named the second-best place to live in America by Money Magazine. The company develops single-family homes, paired homes, and condos across four communities: Alder Village, Anthology, Enclave at Pine Grove, and The Trails at Westcreek. Prices start in the low $300s to mid $400s, catering to diverse homebuyer needs. All communities are situated within the Douglas County School District and provide easy access to local amenities and major transportation routes.
Century Communities (NYSE: CCS) has announced the Grand Opening of five new home communities in Arizona, South Carolina, and Texas. These communities offer single-family homes under the Century Complete brand, known for its innovative online homebuying process. Homes are priced from the low $100s to the low $200s and feature desirable amenities like granite countertops and stainless-steel appliances. The new locations include Wickenburg Vistas, West Lakes, Cedar Creek, Palmetto Place, and Crockett Reserve, catering to diverse homebuyer needs.
On October 8, 2020, Century Communities (NYSE: CCS) announced the acquisition of land for a new community in Cadence, a prominent area in Henderson, featuring over 450 acres of open space, parks, and amenities like splash pads and sports courts. The new community is set to open in Summer 2021, offering six customizable two-story floor plans with up to 5 bedrooms and 2,947 square feet. This development positions Century Communities to leverage the growing demand for housing in the region, benefiting from a strategic location near Lake Mead and local shopping.
Century Communities (NYSE: CCS) announces the release of its Q3 2020 financial results on October 28, 2020, after market close. A conference call for results discussion and Q&A will follow at 5:00 p.m. Eastern Time. Interested participants can join via a domestic line at 1-877-451-6152 or internationally at 1-201-389-0879. The call will be webcasted on the company's website, where playback will also be available until November 28, 2020.
On September 21, 2020, Century Communities (NYSE: CCS) introduced Century Home Base, a program aimed at enhancing homebuyer workspaces. This initiative allows buyers to customize home environments with features like built-in desks, soundproof walls, and LED lighting. Century Home Base acknowledges the increased demand for home office solutions, catering to remote workers and virtual learners. Additionally, Century Complete is contributing by providing tips for home workspace customization. Century Communities operates in 17 states and is a leading national homebuilder.
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