Century Communit Stock Price, News & Analysis

Century Communities, Inc. (NYSE: CCS) announces the launch of its new community, Concourse Crossing, in Fernandina Beach, Jacksonville Metro area. This development features a range of single-family homes and townhomes starting in the $300,000s, equipped with the Century Home Connect smart home package. The community includes pond-adjacent homesites and walking trails, located near Amelia Island's attractions. Concourse Crossing offers flexible floor plans with up to 6 bedrooms and 3,161 square feet, showcasing the builder's commitment to innovative homebuilding.

Century Communities (NYSE: CCS) has commenced construction on a 300-unit apartment complex in Parker, Colorado, under its Century Living division. This project, located in a prime area with access to local amenities and employment opportunities, is set to open for leasing in Q4 2023. The community will feature a range of amenities including a clubhouse, pool, and fitness center, alongside various 1- to 3-bedroom units. With upscale design features and a strategic location, this development aims to meet the growing housing demand in the region.

Century Communities is launching new residential developments under its Century Complete brand in Louisiana, specifically in Baton Rouge, Lafayette, and Lake Charles. These communities will feature affordable single-family homes and townhomes starting from the low $200s, with a total of 600 planned homes. The first two communities, Timberstone Estates and Mill's Terrace, are set to open in December 2022. The company emphasizes a modern online homebuying process, making it easier for buyers to purchase homes.

Century Communities (NYSE: CCS), a leading national homebuilder, declared a quarterly cash dividend of $0.20 per share, set to be paid on December 14, 2022. Shareholders on record by the close of business on November 30, 2022 will qualify for this dividend. The company operates in 17 states and over 45 markets in the U.S., actively involved in homebuilding and offering additional services like title and lending through its subsidiaries.

Century Communities, a top 10 national homebuilder, has announced the opening of two new gated communities in Southern California: Stonebrook Meadows in Yucaipa and The Depot in Rialto, adding a total of 113 homesites. Homes in both communities are priced from the high $400s and feature modern, open-concept designs. The grand opening for Stonebrook Meadows is on November 5, 2022, offering buyers a chance to tour model homes. Century is also promoting its online homebuying process as part of its innovative sales strategy.

Century Communities, Inc. has expanded its Century Complete brand into Sumter County, Florida, launching Sumter Villas, which features 175 single-family homes starting from the mid $200s. These homes will include desirable features such as granite countertops and stainless-steel appliances. The new community offers diverse floor plans, including ranch and two-story options, located conveniently between Orlando and Tampa. The homes are designed for online purchasing, allowing buyers a streamlined homebuying experience. A new model home is set to open later this fall.

Century Communities, Inc. has achieved recognition for its innovative online homebuying process by winning the 2022 Optimizer Award for Best B2C Buying Experience from Optimizely. This award was presented at the Opticon conference in San Diego. The company's mission, 'A Home For Every Dream®,' aims to make homeownership accessible by offering a user-friendly online experience. This includes a straightforward process for customers to shop and buy homes online, along with ongoing savings through its 20th Anniversary Sale. The company operates in 17 states across the U.S.

Century Communities, Inc. (NYSE: CCS) reported strong third quarter 2022 results, with net income rising 27% to $144.5 million or $4.44 per diluted share. Total revenues increased 19% to $1.1 billion, driven by deliveries of 2,630 homes, a 13% year-over-year growth. EBITDA reached $188.7 million, up 16%. Despite market challenges due to rising interest rates, the company maintained a healthy backlog of 3,455 homes valued at $1.4 billion. However, home deliveries guidance was revised down to 10,000 to 10,500 homes for the full year.