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 (NYSE: CCS) has launched Sterling, a new residential community in Jurupa Valley, California's Inland Empire region, with homes starting from the low $600s. The development features four two-story floor plans ranging from 3 to 4 bedrooms, 2.5 bathrooms, and 2-bay garages, with homes up to 1,958 square feet. The community includes amenities such as picnic tables and shade structures, with convenient access to I-15, dining, and shopping. Sterling showcases Century Communities' online homebuying platform, allowing customers to complete the entire purchase process digitally.
Century Communities (NYSE: CCS) announces its Century Complete brand is now selling new homes at Grand Oaks, a gated community in Avon Park, Florida. The development features single-family homes starting from the $260s, with 95 homesites offering up to 4 bedrooms and 1,941 square feet. Grand Oaks includes amenities such as a community dock, boat ramp, pool, and cabana. The community showcases the single-story Coryell floor plan through a model home and offers online homebuying capabilities through Century Complete's digital platform.
Century Communities (NYSE: CCS) has announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be paid on December 11, 2024, to stockholders of record as of the close of business on November 27, 2024.
Century Communities announced a model grand opening event on November 9 at Liberty Bay Vista, their new community in Poulsbo, Washington. The development offers single-family homes starting from the high $700s, featuring 3 to 5 bedrooms and ranging from 2,219 to 3,392 square feet. Select lots provide views of Liberty Bay and basement options. The homes include premium features like quartz countertops, luxury vinyl plank flooring, and the Century Home Connect® smart home package. Community amenities include a playground, walking trails, park, and basketball courts, with convenient access to downtown Poulsbo.
Century Communities (NYSE: CCS) has unveiled a new model home at their Rancho Colorado development in Bullhead City, Arizona. The community features ranch-style homes starting from the $240s, with floor plans ranging from 1,155 to 1,815 square feet. The development offers over 150 single-family homesites with up to 4 bedrooms and 2 bathrooms. Standard features include granite countertops, Kohler® fixtures, stainless-steel appliances, and covered patios. Located less than a mile from the Colorado River, the community showcases the Verbena plan model home and offers Century Complete's online homebuying experience.
Century Communities (NYSE: CCS) has launched sales of new homes at Pattison Place in Olympia, Washington. The development offers two-story single-family homes priced from the mid $500s, featuring 3 to 4 bedrooms, 2.25 bathrooms, and 2-bay garages. Home sizes range from 1,959 to 2,745 square feet. Premium features include quartz countertops, front and backyard landscaping, luxury vinyl plank flooring, large kitchen islands, and primary suites with bathrooms and walk-in closets. The community is located just three miles from downtown Olympia, near the southern tip of the Puget Sound.
Century Communities (NYSE: CCS) announces Grand Opening events for two new home communities in Merced, California: Sundial at Bellevue Ranch and Solera III, bringing a total of 156 new homesites to the area. The events will take place on October 26 from 12 to 3 p.m., featuring model tours and special savings. Sundial at Bellevue Ranch offers homes from the mid $400s with 3-5 bedrooms and 1,415-2,287 square feet, while Solera III starts from the low $400s with 3 bedrooms and 1,290-1,777 square feet. Both communities feature single and two-story floor plans with modern open-concept designs on generous homesites.
Century Communities (NYSE: CCS) reported strong Q3 2024 results with home sales revenues of $1.1 billion, up 29% year-over-year. The company achieved record-breaking deliveries of 2,834 homes, representing a 25% increase, while net new home contracts grew 19% to 2,563. The company reached a record community count of 305, up 21% YoY. Net income was $83.0 million ($2.59 per diluted share), with adjusted net income of $87.0 million ($2.72 per diluted share). The company maintained strong margins with adjusted homebuilding gross margin of 23.6%. Century Communities increased its 2024 guidance, projecting 10,900-11,300 home deliveries and sales revenues of $4.3-4.4 billion.
Century Communities has announced the launch of its fourth new home community, Kendall Glades, in the Huntsville metro area through its Century Complete brand. Located in Toney, Alabama, just 17 miles from Huntsville, Kendall Glades offers affordable single-family homes starting from the $250s. The community features 80 homesites with single- and two-story floor plans, up to 5 bedrooms, 3 bathrooms, and 2,180 square feet.
Homes include desirable features such as granite countertops, Kohler® fixtures, and stainless-steel appliances. Century Complete also provides an online homebuying experience for all available homes in Alabama, allowing buyers to easily find and purchase their ideal home while working with their chosen real estate agent. The company offers additional communities in the Huntsville area, including Laurenwood in Athens, Bermuda Lakes in Meridianville, and Ramsay Cove in Owens Cross Roads.
Century Communities, a top U.S. homebuilder, announces a significant expansion of new home offerings in the Greater Nashville area. The company is launching multiple new communities in growing locations like Pleasant View, Lebanon, and Murfreesboro. These include:
1. Slatewood in Murfreesboro: Opening in November, priced from the $700s.
2. Averitt Landing in Lebanon: Under construction and pre-selling from the low $500s.
3. Canebrake at Hickory Hills in Old Hickory: Under construction and pre-selling from the high $400s.
4. Morgan's Place in Ashland City: Now selling from the high $300s.
5. Highland Reserves in Pleasant View: Now selling from the high $400s.
These communities offer a variety of single-family detached homes with different floor plans, amenities, and price points. Century Communities also highlights its online homebuying experience, allowing customers to purchase homes entirely online.
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