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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 (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.
Century Communities' Century Complete brand is launching three new communities in the greater Jacksonville area: Nobles Crossing, Greystone, and The Landing at Crooked River. These developments will offer over 120 new homesites with single-family homes featuring open-concept layouts and designer-selected finishes. Standard features include stainless-steel appliances, luxury vinyl plank flooring, and granite countertops.
The communities are strategically located, providing easy access to Jacksonville's attractions, shopping centers, and amenities. Pricing starts from the upper $200s for The Landing at Crooked River, with other community prices to be announced. Home sizes range from 3 to 5 bedrooms and up to 2,180 square feet. Century Complete also offers an innovative online homebuying experience for all available homes in Florida.
Century Communities, a leading US homebuilder, has announced the return of its Purple Tag Sales Event, offering significant savings on new homes across the nation. The event features special pricing, closing cost assistance, and competitive financing options through Inspire Home Loans®, with up to 25% off rates and rate lock programs available.
Customers can take advantage of these deals through Century Communities' innovative online homebuying experience, allowing them to shop, purchase, and complete necessary paperwork entirely online. This initiative aligns with the company's commitment to making homeownership more accessible and streamlined for buyers nationwide.
Greg Huff, National President, emphasized the company's unique position to help make homeownership dreams a reality through this event. The Purple Tag Sales Event is available at both Century Communities and Century Complete locations across the country.
Century Communities, one of the top homebuilders in the U.S., has announced its expansion into two popular planned communities in Northern California: Twelve Bridges in Lincoln and SOMO Village in Rohnert Park. These developments feature four collections of single-family homes starting from the mid $500s, each with modern, open-concept designs and the Century Home Connect® smart home package. Twelve Bridges offers homes up to 2,431 square feet with no HOA fees, while SOMO Village features homes up to 3,029 square feet and amenities like an outdoor amphitheater and planned fitness center. The homes are now available for summer and fall move-ins.
Century Communities (NYSE: CCS), a leading homebuilder, announced groundbreaking events for new communities and the unveiling of model homes in the greater San Antonio area. Key projects include Agave in East San Antonio and Applewhite Meadows in South San Antonio, with homes starting in the low $200s and $300s, respectively. New model homes will also be introduced in Hacienda, South San Antonio, and Hiddenbrooke in Seguin, offering modern amenities like smart home packages, car charging ports, and granite countertops. These expansions highlight Century Communities' commitment to providing diverse homebuying options in rapidly growing areas.
Century Communities, a leading U.S. homebuilder, announced that its Century Complete brand is now selling two new home collections at Trivium in Hickory, NC. The collections offer 140 homesites with townhomes starting from the mid-$200s and single-family homes starting from the high-$200s. These homes feature open-concept layouts, luxury finishes, and a convenient location near local amenities and outdoor recreation. The townhomes and single-family homes range from 1,429 to 1,648 square feet with 3 to 4 bedrooms. Buyers can also take advantage of Century Complete's online homebuying process to purchase homes 24/7.
Century Communities (NYSE: CCS), a prominent national homebuilder, announced its plans to release second quarter 2024 financial results on July 24, 2024, after the market closes.
A conference call will follow the release at 5:00 p.m. Eastern time to discuss the results, recent events, and answer investor questions. The call will be accessible via webcast on the company's website. Domestic participants can dial in at 1-833-816-1103, while international callers can use 1-412-317-0685. A playback option will be available until July 31, 2024, by dialing 1-877-344-7529 domestically or 1-412-317-0088 internationally, using passcode 1119095.
Century Communities, a leading national homebuilder and top online home seller, has announced a new partnership with Kohler Co. Starting this year, all new Century Communities homes will feature Kohler kitchen faucets, bathroom faucets, and showerheads. This partnership covers both the Century Communities and Century Complete brands. Kohler, an established leader in kitchen and bath product innovation since 1873, aligns with Century Communities' commitment to quality and design excellence. Executive Vice President Genji Nakata and National President Greg Huff expressed enthusiasm, highlighting Kohler's superior reputation and product innovation as key reasons for the collaboration.
Century Communities has announced the release of new single-family homes at Spring Valley Ranch in Elizabeth, Colorado. Homes are now available for purchase both online and on-site by appointment. The new phase includes ranch and two-story floor plans, featuring up to 2,767 square feet, RV garages, spacious owner's suites, and modern layouts with 3 to 5 bedrooms. Prices start from the upper $400s. The community is located near Spring Valley Golf Club and is 13 miles from Parker and 25 miles from Castle Rock. Century Communities, recognized on Newsweek's list of America's Most Trustworthy Companies 2024, also offers an online homebuying experience, allowing buyers to shop, purchase, and sign contracts electronically.
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