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Century Communities Expands Houston Metro Offerings With Land Purchase in Fulshear

(Very Positive)
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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.

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Positive

  • Expansion into fast-growing Fulshear submarket with 100-acre land purchase
  • Development of 251 new homesites, increasing housing inventory
  • Inclusion of 21 acres of mixed-use commercial real estate, potentially increasing property value
  • Location in a sought-after school district, attracting potential homebuyers
  • Convenient access to major highways and proximity to Houston, enhancing appeal to commuters

Negative

  • Construction not set to begin until 2025, delaying potential revenue generation
  • Significant capital investment required for land purchase and development

News Market Reaction – CCS

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In the trading session that priced this news, CCS gained 1.81%, reflecting a mild positive market reaction.

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New mixed-use development will bring over 250 homes to Fulshear submarket

HOUSTON, July 30, 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 a 100-acre land purchase in Fulshear, Texas, a city in the fast-growing west Houston Metro. This submarket has emerged as a key growth area in the Houston MSA, driven by commercial and residential development and an excellent school district.

Named Fulshear Junction, the new development will bring 251 homesites to the area, with construction anticipated to begin in 2025. Fulshear Junction will include 21 acres of mixed-use commercial real estate, appealing to homebuyers looking for quick access to retail, dining, offices, and childcare.

Stay in the know about Fulshear Junction and join the interest list at 713.222.7000 or www.CenturyCommunities.com/Houston.

In the future development, students will attend newly constructed Lamar Consolidated ISD schools, a sought-after district that's quickly becoming one of the highest-rated school systems in the Houston area.

Fulshear Junction boasts quick access to some of the most active highways in the Houston area, connecting to I-10 via Texas Heritage Parkway, and Texas State Highway 99 (Grand Parkway) via FM 1093. Houston is also within convenient commuting distance at about 40 miles away.

"We're thrilled to contribute to the ongoing growth in Fulshear with Fulshear Junction," said Texas Regional President Blake Roberts. "With 251 new homesites and vibrant mixed-use development, this community will offer homebuyers in west Houston exceptional opportunities to find their dream home."

DISCOVER THE FREEDOM OF ONLINE HOMEBUYING:

Century Communities is proud to feature its industry-first online homebuying experience on all available homes in Texas.

How it works:

  • Shop homes at CenturyCommunities.com
  • Click "Buy Now" on any available home
  • Fill out a quick Buy Online form
  • Electronically submit an initial earnest money deposit
  • Electronically sign a purchase contract via DocuSign®

Learn more about the Buy Online experience at www.CenturyCommunities.com/online-homebuying.

About Century Communities
Century Communities, Inc. (NYSE: CCS) is 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, consecutively awarded for a second year. Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 18 states and over 45 markets across the U.S., and also offers title, insurance and lending services in select markets through its Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

 

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SOURCE Century Communities, Inc.

FAQ

How many homesites will Century Communities (CCS) develop in Fulshear Junction?

Century Communities (CCS) will develop 251 homesites in Fulshear Junction, a new mixed-use development in Fulshear, Texas.

When is construction expected to begin on Century Communities' Fulshear Junction project?

Construction on Century Communities' Fulshear Junction project is anticipated to begin in 2025.

What school district will serve Century Communities' Fulshear Junction development?

Students in Century Communities' Fulshear Junction development will attend newly constructed schools in the Lamar Consolidated ISD, a highly-rated school district in the Houston area.

How much mixed-use commercial real estate is included in Century Communities' Fulshear Junction project?

Century Communities' Fulshear Junction project includes 21 acres of mixed-use commercial real estate, offering retail, dining, offices, and childcare options.