Century Communit Stock Price, News & Analysis

Century Communities (NYSE: CCS) has partnered with Diamond Age to construct 72 homes using innovative 3D printing technology in the Phoenix metro area. This marks Century's first use of 3D printing in home construction and Diamond Age's first on-site commercial deployment. The collaboration aims to reduce labor and construction cycle times while enhancing safety and quality. Construction of the first home is set to begin in Spring 2022, highlighting both companies' commitment to addressing the growing demand for affordable housing.

Century Communities has commenced construction on its 425-unit Lincoln Station Apartments in Lone Tree, CO. This project, part of its multifamily division, offers access to light rail and boasts high-end amenities including private courtyards, a rooftop deck, and a co-working area. The development features a mix of unit types, with an average size of 811 square feet. Expected to begin leasing in 2024, the project aims to enhance livability in a prime location near downtown Denver and major transportation routes.

Century Communities, Inc. (NYSE: CCS), a prominent national homebuilder, has announced a quarterly cash dividend of $0.20 per share, marking a 33% increase from the prior $0.15 per share. This dividend will be paid on March 16, 2022, to stockholders recorded as of the close of business on March 2, 2022. The company operates in 17 states and over 40 markets, offering comprehensive homebuilding and related services.

Century Communities has launched its brand in Jacksonville, Florida, introducing five new home communities with over 900 homesites. Notable locations include Fernandina Beach and Jacksonville's Northside. The brand offers single-family homes, townhomes, and paired homes, with the option for online purchasing. This marks an expansion into a fast-growing market, aiming to cater to diverse homebuyer needs with a mix of floor plans and convenient online buying features.

Century Communities (NYSE: CCS), a leading U.S. homebuilder, has unveiled its Jasper model home at Monarch, a new community in Kingsburg, California. Homes start from the high $400s, featuring spacious floor plans, community parks, and a prime location near Highway 99. The Jasper model offers customizable layouts, including an optional pop-top for added living space. Monarch will have 64 homesites and amenities like playgrounds, appealing to various homebuyers. The community's proximity to downtown Kingsburg enhances its attractiveness for potential residents.

Century Communities reported a record fourth quarter and full year 2021, with a 142% increase in net income to $498.5 million or $14.47 per diluted share. Total revenues surged 33% to $4.2 billion, fueled by a 14% rise in home deliveries, totaling 10,805 homes. In Q4 alone, net income rose 80% to $165 million. The company's return on equity reached 33%, marking the 19th consecutive profitable year. Looking ahead, the 2022 outlook estimates home deliveries between 11,500 and 12,500 homes.

Century Communities (NYSE: CCS) has expanded its online homebuying experience to include all homes across its operations in 17 states. This move builds on its previous success with the Century Complete brand, offering streamlined purchasing options for homebuyers. Key features include online prequalification, electronic earnest money deposits, and virtual tours, making the process more convenient. Celebrating its 20-year anniversary, the company is focused on enhancing accessibility in homeownership, with a full suite of digital tools for buyers.

Century Communities, Inc. (NYSE: CCS) announced it will release its fourth quarter and full-year 2021 financial results on February 2, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern time to discuss the results and recent events. Interested parties can access the call via the Company's website. The Company operates in 17 states with a focus on homebuilding and related services, including title and lending.