Century Communities

Century Communities, Inc. engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington. The Mountain segment represents projects in Arizona, Colorado, Nevada and Utah. The Texas segment is composed of projects in Houston, San Antonio and Austin. The Southeast segment consists of projects in Florida, Georgia, North Carolina, South Carolina and Tennessee. The Century Complete segment includes the revenue from the company's Century Complete brand, which has operations over 11 states. The Financial Services segment provides mortgage, title, and insurance services to homebuyers. The company was founded by Dale Francescon and Robert J. Francescon in 2002 and is headquartered in Greenwood Village, CO.

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Century Communities reports strong Q4 performance amidst market challenges

Century Communities navigated Q4 with a focus on cash position, reducing debt, and managing costs amidst market challenges.
The company aims to improve margins, reduce build times, and enhance efficiency to drive profitability and growth in the coming quarters.
Despite near-term sales pressures and SG&A challenges, Century Communities remains optimistic about underlying demographics and future prospects.

Century Communities reports solid Q1 earnings, eyes growth opportunities

Century Communities had a strong Q1 performance with solid financial results and improved contract numbers.
Despite challenges with lower margins, they are capitalizing on opportunities for growth and seasonality.
The company's focus on near-term home deliveries and strong Century Complete business position them well for the year.
Expectations of increased home deliveries and revenues indicate positive outlook for 2023.

Century Communities reports robust Q2 earnings and growth opportunities ahead

Century Communities delivered impressive financial results, marked by strong revenue growth and operational improvements in Q2 2023.
The company's focus on sustainability, growth strategies, and appreciation for stakeholders positions it well for future success.
While challenges like managing cancellations and market uncertainties exist, Century Communities is poised to capitalize on opportunities in the housing market and ESG initiatives.

Century Communities reports robust Q3 results and eyes growth opportunities

Century Communities delivered strong financial performance in Q3, with notable increases in home sales revenues and earnings per share.
While facing challenges such as cancellation rates and declining net orders, the company's strengths in gross margins and financial position provide a solid foundation.
Opportunities lie in market share growth, lot expansion, and profitability enhancements, positioning Century Communities for future success.
Investors can be optimistic about the company's outlook for 2024, as it looks to build on its Q3 performance and navigate potential challenges.

Century Communities (CCS) achieves record Q4 results and eyes growth

Century Communities (CCS) delivered impressive results in Q4 2023, reflecting strong operational performance and market demand.
Strategic acquisitions, focus on affordable housing, and operational efficiencies position the company for continued growth.
While challenges like market dynamics and cost management exist, opportunities in expansion and customer engagement are significant.
Overall, Century Communities demonstrates resilience and strategic foresight in navigating the evolving housing landscape.

Century Communities excels in Q1, eyes growth amidst market challenges

Century Communities delivered impressive Q1 results, showcasing growth in key operational and financial metrics, bolstering its market position and investor confidence.
The company's recognition for trustworthiness, coupled with robust guidance and strategic focus, underlines its resilience and potential for sustained success in the housing industry.
While facing challenges such as interest rate uncertainty and supply management, Century remains poised to capitalize on opportunities in growing markets and drive future expansion.
By navigating challenges, leveraging strengths, and seizing opportunities, Century is well-positioned to navigate market dynamics and deliver long-term value to stakeholders.

Century Communities reports record Q3 results amidst growth opportunities

Century Communities (CCS) delivered exceptional financial performance in Q3 2024, marked by record home deliveries and revenues, showcasing strong growth momentum.
While facing challenges such as increased debt ratio and market competition, the company's focus on cost control and sustainable growth strategies positions it well for the future.
Opportunities for expansion and market penetration exist through increased delivery guidance and a strategic approach to addressing market challenges and analyst inquiries.

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Custom-built home in The Woodlands Hills gifted to U.S. Army Sergeant Joanna Ellenbeck and daughter in recognition of Ellenbeck's military service HOUSTON , June 11, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—along with the Houston Texans, The Howard Hughes Corporation, the Greater Houston Builders Association (GHBA) and Operation Finally Home, welcomed U.S. Army Sergeant Joanna Ellenbeck and her daughter to their new custom-built, mortgage-free home in The Woodlands Hills outside of Houston on Thursday, May 16. The Ellenbeck family was initially surprised with the news they'd be receiving a new home during a Houston Texans game on December 18, 2022.

Century Communities & Partners Welcome Veteran to New, Mortgage-Free Home North of Houston

Online homebuying leader expands Dallas-Fort Worth offerings with 150+ single-family homes at Sperling Farms FERRIS, Texas , June 3, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced it's now selling at Sperling Farms, offering a quality and affordable selection of single- and two-story homes with modern open-concept layouts and desirable included features.  Conveniently located in Ellis County near I-45, homebuyers will enjoy a short drive to downtown Dallas—along with local attractions such as restaurants, shops, breweries and community events.

Century Communities Now Selling Affordable New Homes in Ferris, TX

Top national builder now selling single-family homes off Blue Diamond Road & Grand Canyon Drive LAS VEGAS , May 30, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced plans to host a Grand Opening event on Saturday, June 1 at Southwind, the company's new community in sought-after southwest Las Vegas, now selling from the low $500s. The event will unveil two brand-new model homes, showcasing the community's Residence 2308 and Residence 2605 floor plans.

Century Communities Announces June Grand Opening in Southwest Las Vegas

Century Communities' (CCS) brand expands market reach in Huntsville, AL and plans to open more communities by 2025.

Century Communities' (CCS) Brand to Open Communities in Alabama

Online homebuying pioneer bringing more affordable new construction to fast-growing area HUNTSVILLE, Ala. , May 28, 2024 /PRNewswire/ -- Century Communities, Inc.—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced that its Century Complete brand is expanding on the builder's number of communities in the surging Huntsville, Alabama area.

Century Complete Expands Alabama Home Offerings With New Communities Near Huntsville

Online homebuying pioneer now selling from the high $200s at Belle Arbor FORT MYERS, Fla., May 23, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced that its Century Complete brand is now selling affordable and quality new homes in LaBelle, FL at Belle Arbor.

Century Complete Expands Fort Myers Area Offerings With LaBelle, FL Community

Top 10 national builder now selling at The Aurora Highlands AURORA, Colo. , May 20, 2024 /PRNewswire/ -- Century Communities, Inc.—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced that it's joined The Aurora Highlands, a 4,000-acre planned community, boasting exceptional amenities like a park with a carousel and a future Beach Club with indoor and outdoor swimming pools.

Century Communities Joins Popular Planned Community in Aurora, CO

Online homebuying pioneer offering attractive single-family homes from the mid $300s DETROIT , May 14, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed that its Century Complete brand is now selling new homes in Newport, MI at Newport Creek. Starting from the mid $300s, homes at Newport Creek feature two-story floor plans with modern open-concept layouts, offering 4 bedrooms, basements, and more.

Century Complete Now Selling New Homes in Newport, Michigan

Top homebuilder set to begin selling new phase of single-family homes near Provo MAPLETON, Utah , May 13, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed a new model home, featuring the company's popular Summit floor plan, at Mapleton Heights in Mapleton, UT. The unveiling comes ahead of a grand opening event, celebrating the community's release of a new phase of single-family estate homes.

Century Communities Reveals New Model Home in Mapleton, UT Community

Trusted homebuilder bringing over 80 new single-family homes to Cleburne, Texas CLEBURNE, Texas , May 9, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced that it's now selling at Courtland Place, the company's anticipated new community in Cleburne, Texas. Bringing attractive, affordable housing to the area, Courtland Place is currently offering new homes from the upper $200s to the mid $300s.

Century Communities Introduces Affordable New Community 30 Miles From Fort Worth

Green Brick Partners

LGI Homes

TRI Pointe Group

Back in October, we published a list of 17 home-builder stocks and showed that the group was trading cheaply on a forward price-to-earnings basis when compared with the S&P 500, and also when compared with its own long-term average valuations. The builders' stocks have soared since then, so it is time for another stock screen.

Home builders' stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.

New Sales Studio offers in-person support and resources from the national leader in online homebuying CAPE CORAL, Fla. , April 29, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced the grand opening of its Century Complete brand's new Sales Studio in Cape Coral—the sixth studio opening in Florida this year.

Century Complete Announces Grand Opening of New Home Sales Studio in Cape Coral

Dream Finders Homes

KB Home

Century Communities (CCS), KB Home (KBH) and Dream Finders (DFH) are three home-building stocks that you can look into as the housing sector stays on a recovery path.

3 Home-Building Stocks to Buy on the Housing Sector Revival

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Century Communities (CCS) Stock?

Century Communities, Inc. (CCS) Q1 2024 Earnings Call Transcript

The headline numbers for Century Communities (CCS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Century Communities (CCS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Century Communities (CCS) came out with quarterly earnings of $2.22 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.04 per share a year ago.

Century Communities (CCS) Surpasses Q1 Earnings and Revenue Estimates

- Deliveries of 2,358 Homes Increased 23% YoY - - Home Sales Revenues of $922.4 Million Increased 25% YoY - - First Quarter Net Income Increased 93% YoY to $64.3 Million, or $2.00 Per Diluted Share - - First Quarter Adjusted Net Income Increased 114% YoY to $71.4 Million, or $2.22 Per Diluted Share - - Total Lots Increased to 75,089, with Controlled Lots at 58% of Total Lots - - Community Count Increased to a Record 253 - GREENWOOD VILLAGE, Colo. , April 24, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2024.

Century Communities Reports Increased First Quarter 2024 Results

Online homebuying leader offering single- and two-story homes at Blue Sky Meadows MONROE, N.C. , April 23, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—recently unveiled two new model homes at Blue Sky Meadows in Monroe, NC.

Century Communities Unveils Two New Model Homes in Monroe, NC

National leader in online homebuying now selling at Carly Court near Detroit DETROIT , April 22, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced that the company's Century Complete brand is now selling at Carly Court in Westland, MI. Nestled in a charming cul-de-sac, Carly Court provides homeowners with an added sense of privacy.

Century Complete Debuts New Community in Westland, Michigan

Century Communities (CCS) is likely to have gained in Q1 from its home affordability initiative, encompassing several incentive offerings, along with improved cycle times and cost-control actions.

Higher Deliveries to Aid Century Communities' (CCS) Q1 Earnings

Evaluate the expected performance of Century Communities (CCS) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Wall Street's Insights Into Key Metrics Ahead of Century Communities (CCS) Q1 Earnings

Top homebuilder and industry leader now selling modern homes in the suburbs near Seattle RENTON, Wash. , April 17, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced Lakeview Terrace, the company's new Seattle-area community, is now selling its lineup of modern single-family homes.

Century Communities Announces New Homes Now Available in Renton, WA

Beazer Homes USA

D.R. Horton

Hovnanian Enterprises

Lennar

Landsea Homes

M/I Homes

Smith Douglas Homes Corp

Taylor Morrison Home

Toll Brothers

Charts indicate the boom in homebuilding stocks is over, or at least pausing.

Homebuilder Rally Faces Reckoning As Stocks Bog Down — Should Investors Sell?

The national leader in online homebuying now selling affordable, quality new homes outside of Tucson BENSON, Ariz. , April 9, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed that its Century Complete brand is now selling a lineup of single-family homes at Turquoise Hills, its third Benson community.

News for Century Communities Stock (CCS)