Century Complete Announces New Homes Now Selling in Supply, NC

Rhea-AI Summary

Century Communities (NYSE: CCS) has launched new home sales at Hewett Place in Supply, North Carolina through its Century Complete brand. The development features 101 single-family homesites with prices starting from the low $200s, offering affordable coastal living near popular beach destinations.

The community offers five floor plans ranging from 3 to 4 bedrooms and 2 to 3 bathrooms, with homes up to 1,765 square feet. Properties include modern amenities such as granite countertops, stainless-steel appliances, and luxury vinyl plank flooring. The development is USDA loan eligible and features Century Complete's online homebuying platform, allowing customers to purchase homes 24/7 while working with their chosen real estate agent.

Positive

• New revenue stream from 101 single-family homesites in coastal North Carolina
• Strategic expansion in attractive beach market location
• USDA loan eligibility expanding potential buyer pool
• Digital sales capability through online homebuying platform

Negative

• None.

Insights

Real Estate Market Analyst

The launch of Hewett Place represents a strategic move into an underserved market segment, offering $200,000+ homes in coastal North Carolina. The timing aligns with growing demand for affordable housing in secondary markets, particularly in coastal areas where pricing often excludes first-time homebuyers. The USDA loan eligibility is particularly noteworthy, as it can significantly reduce barriers to entry for potential buyers through zero down payment options and competitive rates.

The project's 101 homesites suggest a carefully sized development that balances scalability with market absorption rates. The price point positions these homes 20-30% below the median home price in coastal North Carolina, creating a compelling value proposition in a market where affordability is increasingly challenging. The online-first sales approach should help reduce overhead costs and potentially preserve margins despite the aggressive pricing strategy.

Construction Industry Specialist

The product specifications reveal a well-calibrated offering for the entry-level market. The 1,765 square foot maximum size and inclusion of premium features like granite countertops and stainless steel appliances indicate efficient value engineering - delivering perceived luxury while maintaining affordability. The vinyl plank flooring choice is particularly shrewd, offering durability and water resistance important for coastal properties while keeping construction costs manageable.

The standardization of five floor plans optimizes construction efficiency and should help maintain consistent build quality while reducing material waste and labor costs. This could translate to better margins despite the competitive price point, especially important given current construction cost pressures.

Affordable coastal living near top beach destinations

SUPPLY, N.C., Dec. 30, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)— a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—is excited to announce that new homes are now selling from the company's Century Complete brand at Hewett Place, an exceptional new community in Supply, North Carolina. Offering affordably priced single-family homes starting from the low $200s, Hewett Place combines modern living with a coastal lifestyle near some of North Carolina's most celebrated beach destinations.

Learn more and explore available homes at www.CenturyCommunities.com/HewettPlace.

"Hewett Place offers homebuyers a great opportunity to enjoy coastal living at an incredible value," said Dave Hodgman, Executive Vice President of Field Operations. "Single- and two-story homes are already available for purchase online, so it's a great time for buyers to explore options and lock in their dream home."

More About Hewett Place
Now selling from the low $200s

• 101 single-family homesites
• Five floor plans available
• 3 to 4 bedrooms, 2 to 3 bathrooms
• 1- and 2-bay garages
• Up to 1,765 square feet
• Open-concept layouts with granite countertops, stainless-steel appliances, luxury vinyl plank flooring, Kohler® water fixtures and more included
• USDA loan eligible!

Location:
Hewett Landing Drive
Supply, NC 28462
910.613.0695

VISIT OUR MYRTLE BEACH AREA SALES STUDIO

While our state-of-the-art online homebuying process allows you to buy on your terms—24 hours a day, 7 days a week, 365 days a year—we also offer in-person assistance from local experts at our sales studio.

980 Cipriana Drive, Suite A10
Myrtle Beach, SC 29572
910.613.0695

THE FREEDOM OF ONLINE HOMEBUYING

Century Complete is proud to feature its industry-first online homebuying experience on all available homes in North Carolina, allowing homebuyers to easily find their best fit and purchase when they're ready—all while continuing to work with their local real estate agent of choice. Homebuyers can further streamline the homebuying process by financing online with Century Complete's affiliate lender, Inspire Home Loans®.

How it works:

1. Shop homes at CenturyCommunities.com
2. Click "Buy Now" on any available home
3. Fill out a quick Buy Online form
4. Electronically submit an initial earnest money deposit
5. 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—and Newsweek's list of the World's Most Trustworthy Companies 2024. 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 17 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

What is the starting price for homes at Century Communities' (CCS) Hewett Place development?

Homes at Hewett Place start from the low $200s.

How many floor plans are available at Century Communities' (CCS) Hewett Place development?

Hewett Place offers five different floor plans ranging from 3 to 4 bedrooms and 2 to 3 bathrooms.

What is the maximum square footage of homes at Century Communities' (CCS) Hewett Place?

Homes at Hewett Place can be up to 1,765 square feet in size.

Does Century Communities (CCS) offer online home buying at Hewett Place?

Yes, Century Complete offers a 24/7 online homebuying platform where customers can purchase homes while working with their chosen real estate agent.

Are Century Communities' (CCS) Hewett Place homes eligible for USDA loans?

Yes, homes at Hewett Place are USDA loan eligible.