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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) has announced that its Century Complete brand is now selling new homes at Garden Walk in Jackson, GA, starting from the mid $200s. The community offers 111 homesites with two-story single-family floor plans featuring 4 to 5 bedrooms, 3 bathrooms, and 2-bay garages. Home sizes range from 1,774 to 2,180 square feet.
Garden Walk is conveniently located about halfway between Atlanta and Macon, providing small-town charm with easy access to big-city amenities. The community is just 1 mile from downtown Jackson and 8 miles from High Falls State Park. Century Complete offers an industry-leading online homebuying process, allowing customers to purchase homes 24/7/365. In-person assistance is also available at their Georgia East Studio in Atlanta.
Century Communities has announced the grand opening of The Classic Enclave, a new community in Spanaway, WA, adjacent to The Classic Golf Club. The company, recognized as an online homebuying pioneer and America's Most Trustworthy Company 2024 by Newsweek, is offering five floor plans starting from the upper $600s. The two-story homes feature 3 to 5 bedrooms, 2.5 to 4 bathrooms, and range from 2,763 to 3,585 square feet.
The community boasts a prime location near Tacoma and Puyallup, with easy access to city amenities. Century Communities will host a Grand Opening event on August 17, offering refreshments and tours. The company also highlights its industry-first online homebuying experience, allowing customers to purchase homes entirely online through a streamlined process.
Century Communities (NYSE: CCS), a leading U.S. homebuilder, has announced a quarterly cash dividend of $0.26 per share. The dividend will be paid on September 11, 2024, to stockholders of record as of the close of business on August 28, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and reflects confidence in its financial stability. The regular dividend payout suggests Century Communities maintains a strong cash position and positive outlook on its future performance in the housing market.
Century Communities announces the upcoming launch of Cane Creek, a new community in Snow Camp, NC, through its Century Complete brand. Set to open in early August, homes will start from the high $200s. The community offers two-story floor plans with 4 bedrooms, 2.5 to 3 bathrooms, and 2-bay garages, ranging from 1,774 to 2,376 square feet.
Located less than 18 miles from Chapel Hill, Cane Creek provides easy access to Greensboro and Burlington. The rural setting offers proximity to outdoor recreation along the Haw River. Century Complete's industry-leading online homebuying process allows customers to purchase homes 24/7, with in-person assistance available at their Sales Studio in High Point.
Century Communities (NYSE: CCS), a leading homebuilder, has acquired substantially all assets of Anglia Homes, doubling its community count in the Houston area with the addition of 25+ communities. This move cements Century's position as a top five builder in Greater Houston. The acquired assets, comprising single-family homes priced from the mid $200Ks to high $400Ks, will transition to the Century brand and be available on its website. This acquisition aligns with Century's strategy of expanding in existing markets and enhancing access to capital-efficient lots.
Jim Francescon, Century's EVP, highlights the strategic value of this acquisition, while CFO Scott Dixon notes it as part of their profitable growth strategy. Anglia's focus on quality, location, affordability, and design mirrors Century's values, making this acquisition a strategic fit.
Whelan Advisory acted as the financial advisor for Anglia Homes.
Century Communities, Inc. (CCS) has announced a 100-acre land purchase in Fulshear, Texas, a growing city in the west Houston Metro. The new development, named Fulshear Junction, will bring 251 homesites to the area, with construction expected to begin in 2025. The project includes 21 acres of mixed-use commercial real estate, offering homebuyers access to retail, dining, offices, and childcare.
Fulshear Junction will be part of the Lamar Consolidated ISD, a highly-rated school district. The development boasts quick access to major highways, connecting to I-10 and Texas State Highway 99. Century Communities highlights its online homebuying experience, allowing customers to purchase homes entirely online through a streamlined process.
Century Communities has announced a new community called Poplar Trace near Louisville, KY, set to open in early fall 2024. Located in Corydon, IN, just 25 miles west of Louisville, the community will offer affordable single- and two-story homes with 3 to 4 bedrooms, 2 to 3 bathrooms, and 2-bay garages. Home sizes will range up to 1,773 square feet.
Poplar Trace boasts a prime location near O'Bannon Woods State Park and offers easy access to Louisville via I-64. The community will feature Century Complete's online homebuying experience, allowing customers to purchase homes 24/7 while still having the option for in-person assistance at the Jeffersonville Sales Studio. Century Communities (NYSE: CCS) is recognized as one of America's Most Trustworthy Companies 2024 by Newsweek.
Century Communities, a leading national homebuilder, has announced the launch of sales for its new Oak Creek Preserve community near downtown Jacksonville, Florida. The community offers single-family homes starting from the high $400s, with floor plans ranging from 3 to 5 bedrooms and up to 3,161 square feet. Oak Creek Preserve boasts a prime location with direct boardwalk access to the St. Johns River and proximity to downtown attractions.
The homes feature open-concept layouts, covered patios, chef's kitchens, and quartz countertops. A Grand Opening celebration is planned for July 27, 2024. Century Communities highlights its online homebuying experience, allowing customers to complete the entire purchase process digitally. The company emphasizes its ranking as the highest-rated homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024.
Century Communities (NYSE: CCS) reported a strong second quarter for 2024, with net income increasing by 63% year-over-year to $83.7 million or $2.61 per diluted share. Total revenues reached $1.0 billion, a 23% rise YoY, while home sales revenues also hit $1.0 billion, representing a 24% increase YoY. The company delivered 2,617 homes, a 17% rise, and recorded 2,780 net new home contracts, up by 20% YoY. Adjusted homebuilding gross margin improved to 24%, up by 300 basis points YoY. Century Communities increased its full-year guidance for home deliveries to 10,700-11,300 homes and home sales revenues to $4.2-4.4 billion. The company also announced appointing Scott Dixon as Chief Financial Officer and repurchased 464,980 shares for $37 million.
Century Communities, a leading homebuilder, has announced its entry into Maricopa's planned community, The Lakes at Rancho El Dorado. Homes are now selling from the mid $300s, with a Grand Opening event scheduled for July 20. The event will feature model home tours, refreshments, and information on special savings opportunities.
The community offers single-family homes with up to four bedrooms, three baths, and 2,079 square feet. Standard features include 9' ceilings, stainless-steel appliances, covered patios, and Century Home Connect® smart home ecosystem. The Lakes at Rancho El Dorado boasts community lakes, playgrounds, walking trails, and parks, providing a balance of modern living and natural beauty.
Located 38 miles south of Phoenix, the community offers easy access to urban amenities and outdoor destinations. Century Communities also highlights its online homebuying experience, allowing customers to complete the entire purchase process electronically.
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