Financial Data and Key Metrics Changes - In Q3 2025, the company reported a pretax income of $48 million and a net income of $37 million, representing a 710% increase sequentially [15] - Adjusted net income was $46 million or $1.52 per diluted share, while EBITDA for the quarter was $70 million and adjusted EBITDA was $82 million [16] - Home sales revenues for Q3 were $955 million, down 2% sequentially, with deliveries of 2,486 homes declining by 4% [16] - The average sales price increased by 2% quarter over quarter to $384,000, benefiting from a higher percentage of deliveries from the West and Mountain regions [16] Business Line Data and Key Metrics Changes - The adjusted homebuilding gross margin was 20.1%, up from 20% in Q2, while GAAP homebuilding gross margin increased to 17.9% from 17.6% [17] - Direct construction costs decreased by 3% year to date, contributing to improved margins despite higher incentives [10][15] - Net new contracts of 2,386 homes declined by 6% sequentially, which was better than the historical average decline of 9% [11] Market Data and Key Metrics Changes - The company ended Q3 with a community count of 321, which increased by 5% year over year [12] - The finished lot costs increased in the mid-single digit range year over year and sequentially, but are expected to remain flat in Q4 [13] - Adjustable rate mortgages (ARMs) accounted for close to 20% of the mortgages originated in Q3, up from less than 5% in Q1 [14] Company Strategy and Development Direction - The company aims to increase its community count by mid-single digits by year-end 2025, focusing on increasing market share in existing markets [6][7] - The strategy includes maintaining cost controls, improving operational efficiencies, and investing in processes and systems for future growth [7][10] - The company plans to continue repurchasing shares and maintaining dividends while navigating current market headwinds [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted that homebuyer demand has been muted due to weaker consumer confidence, but there is pent-up demand for affordable homes [6] - The expectation is that any relief in interest rates and improvement in consumer confidence will unlock buyer demand [6] - The company anticipates that incentives will be the largest driver of changes to gross margins in the near term, with an expected increase in incentives for Q4 [12][19] Other Important Information - The company completed a private offering of $500 million of senior notes due 2033, using proceeds to redeem existing senior notes due 2027 [20] - The tax rate for Q3 was 21.8%, driven by 45L tax credits received in excess of previous estimates, with a full-year tax rate expected between 24.5% and 25.5% [20] Q&A Session Summary Question: Regarding the adjusted gross margin exceeding guidance, was this due to cost controls or reduced incentives? - Management indicated that the margin improvement was due to a combination of prudent cost controls and moderated incentives, with direct costs down 3% year to date [25][26] Question: How will the shift in buyers' use of adjustable rate mortgages impact the business? - Management noted that ARMs have gained acceptance, particularly among first-time homebuyers, allowing for lower initial rates without needing to buy down a fixed rate for 30 years [27][28] Question: Can you clarify the community count guidance and the expected ramp-up in Q4? - Management confirmed that the community count is expected to increase by around 5% year over year, with consistent monitoring throughout the year [30][32] Question: What is the outlook for SG&A costs and the factors driving lower costs year over year? - Management highlighted operational efficiencies and headcount adjustments as key factors, with a focus on maintaining efficiency in the competitive market [37][39] Question: Can you provide more details on the lots the company walked away from this quarter? - Management explained that they are underwriting to current market conditions and have exited near-term projects that did not fit current underwriting criteria [40][41]

Company Overview - Century Communities operates in 16 states and over 45 markets across the U S [9] - The company reported revenues of $4 2 billion for the last twelve months ending in Q3 2025 [14] - As of September 30, 2025, the company has 62,239 lots [14] Financial Performance & Growth - Total revenues increased by 64% from $2 5 billion in 2019 to $4 2 billion in LTM Q3 2025 [25] - EBITDA increased by 78% from $207 million in 2019 to $369 million in LTM Q3 2025 [25] - Book Value Per Share increased by 173% from $32 11 in 2019 to $87 74 in Q3 2025 [25] - Net Income increased by 90% from $113 million in 2019 to $214 million in LTM Q3 2025 [25] - Home sale deliveries increased by 32% from 8,000 in 2019 to 10,555 in LTM Q3 2025 [25] - The company repurchased approximately 6 2% of shares outstanding at the beginning of the year [23] Business Strategy & Operations - 94% of total company home deliveries are priced below FHA limits [30] - 99% of total company home deliveries are spec builds [32] - The company maintains a significant liquidity position of $836 million [43] - Financial Services revenues were $88 million with pretax income of $20 million in LTM 3Q 2025 [47]

Financial Performance - Deliveries totaled 2,486 homes, generating total revenues of $980.3 million, with home sales revenues of $955.2 million [3]. - Net income for the third quarter 2025 was $37.4 million, or $1.25 per diluted share, while adjusted net income was $45.7 million, or $1.52 per diluted share [4]. - Adjusted net income for the three months ended September 30, 2025, was $45.7 million, down 48.2% from $88.6 million in 2024, with adjusted diluted earnings per share of $1.52 compared to $2.77 [27]. - Net income for Q3 2025 was $37,403, a decrease of 54.9% compared to $83,020 in Q3 2024 [34]. - EBITDA for Q3 2025 was $69,724, down 47.3% from $132,307 in Q3 2024 [34]. - Adjusted EBITDA for Q3 2025 was $82,254, reflecting a 40.9% decline from $139,250 in Q3 2024 [34]. Home Deliveries and Sales - Home deliveries for the three months ended September 30, 2025, totaled 2,486 homes, a decrease of 12.3% compared to 2,834 homes in 2024, with an average sales price of $384.2 thousand, down 2.4% [21]. - Full year 2025 home delivery guidance was narrowed to a range of 10,000 to 10,250 homes, with home sales revenues expected to be between $3.8 billion and $3.9 billion [10]. - Total net new home contracts decreased by 6.9% year-over-year to 2,386 for the three months ended September 30, 2025, and by 7.1% to 7,624 for the nine months ended September 30, 2025 [20]. - The backlog as of September 30, 2025, was 1,117 homes valued at $416.9 million, representing a 29.3% decrease in homes and a 37.9% decrease in dollar value compared to 1,580 homes valued at $671.4 million in 2024 [23]. Financial Position and Equity - The company ended the quarter with $2.6 billion of stockholders' equity and $836 million of liquidity, including $174.8 million in cash [8]. - The book value per share reached a company record of $87.74 as of September 30, 2025 [8]. - Total stockholders' equity decreased to $2,578,022 as of September 30, 2025, down from $2,620,856 at the end of 2024 [38]. Debt and Margins - The adjusted homebuilding gross margin was 20.1%, consistent with the second quarter 2025 levels, while the overall homebuilding gross margin was 17.9% [6]. - The company reported a homebuilding gross margin of $171.4 million for the three months ended September 30, 2025, which is 17.9% of home sales revenues, down from 21.7% in 2024 [31]. - Homebuilding debt to capital ratio was 34.5%, and net homebuilding debt to net capital ratio was 31.4% [9]. - The ratio of net homebuilding debt to net capital increased to 31.4% as of September 30, 2025, compared to 27.4% at the end of 2024 [38]. - Total homebuilding debt rose to $1,355,219 as of September 30, 2025, up from $1,140,973 at the end of 2024 [38]. Inventory and Community Development - Lot inventory as of September 30, 2025, totaled 62,239 lots, a decrease of 22.3% from 80,121 lots in 2024, with owned lots increasing by 2.2% [24]. - The number of selling communities increased by 5.2% to 321 as of September 30, 2025, compared to 305 in 2024, with the West region seeing a 40.7% increase [22]. Other Financial Metrics - Financial services revenues were $19.4 million, with pre-tax income of $3.0 million for the third quarter [7]. - The company repurchased 296,903 shares of common stock for $20.0 million, reducing shares outstanding by 6% from the beginning of the year [4]. - Inventory impairment for Q3 2025 was $3,180, a significant increase of 131.6% from $1,373 in Q3 2024 [34]. - The company reported a loss on debt extinguishment of $1,361 in Q3 2025, with no comparable figure in Q3 2024 [34]. - Interest expense for Q3 2025 was $876, compared to an income of $(369) in Q3 2024, marking a 337.4% change [34]. - The company incurred restructuring costs of $1,505 during the nine months ended September 30, 2025, with no such costs reported in the prior period [34].

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Core Insights - Century Communities, Inc. has launched new tri-level townhomes in American Fork, Utah, with a Grand Opening event held on October 18, 2025, showcasing model tours and promotional savings opportunities [1][3]. Company Overview - Century Communities is recognized as a leading national homebuilder and an industry leader in online home sales, having been featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][9]. - The company operates in 16 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [9]. Product Offering - The new townhomes, part of the Highland at American Fork community, feature two model plans: Manhattan and Keansburg, with prices starting from the mid $400s [2][4]. - Each tri-level townhome offers up to 2,163 square feet, 4 bedrooms, 3.5 bathrooms, and 2-bay garages, along with modern amenities such as quartz countertops, LG kitchen appliances, and integrated smart home technology [3][6]. Community Features - The community includes amenities like a playground, open turf play area, and cornhole, and is conveniently located near major cities such as Lehi, Provo, and Salt Lake City, with quick access to I-15 [6]. Online Homebuying Experience - Century Communities offers an innovative online homebuying experience, allowing potential buyers to shop for homes, fill out forms, and electronically sign contracts [5][7].

Core Insights - Century Communities, Inc. is launching a new community named Summerlin in western San Antonio, with a Grand Opening event scheduled for October 23, 2025 [1][3] - The community will feature single- and two-story homes starting from the high $200s, along with planned amenities such as a resort-style pool and sports courts [1][6] - The event will provide attendees the opportunity to explore the new model home and take advantage of special savings [2][3] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek [7] - The company operates in 16 states and over 45 markets, offering a range of services including mortgage and insurance through its subsidiaries [7] - The mission of Century Communities is to build high-quality homes at affordable prices, catering to a diverse range of homebuyers [7]

Core Insights - Century Communities, Inc. is launching a new single-family home community named Hickory Hill in Sherman, Texas, with homes starting from the low $300s [1][3] - The Grand Opening event is scheduled for October 25, featuring model home tours and special offers [1][2] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage and insurance through its subsidiaries [7] Product Offering - Hickory Hill features a variety of single- and two-story floor plans ranging from 1,508 to 2,260 square feet, with options for 3 to 4 bedrooms and 2-bay garages [2][5] - Homes include modern amenities such as the Century Home Connect® smart home package and open-concept layouts [2][5] Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop and purchase homes easily while working with their local real estate agents [3][4] - The online process includes steps such as filling out a Buy Online form and electronically signing a purchase contract [6]

Core Insights - Century Communities, Inc. is set to launch a new townhome community named Stokers Village in Nashville, with pre-Grand Opening events starting in October and general sales commencing in November, with home prices starting from the mid $400s [1][3]. Group 1: Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies for three consecutive years and one of the World's Most Trustworthy Companies for 2025 [5]. - The company operates in 16 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [8]. Group 2: Stokers Village Details - Stokers Village will feature two-story townhomes with specifications including 3 bedrooms, 2.5 bathrooms, and a 2-bay alley-load garage, covering 1,765 square feet [6]. - The community is strategically located on the northwest side of Nashville, offering quick access to downtown, Germantown, and River North, making it an attractive option for homebuyers [2][6]. Group 3: Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to purchase homes electronically through a streamlined process [4][7].

Core Insights - Century Communities has commenced construction on Mirabella, a 318-acre community in Houston's west metro area, which will feature over 1,000 new homes [1][2][7] - The community will offer a variety of amenities including lakes, a pool, trails, sports courts, and dog parks, catering to a diverse range of homebuyers [2][3][7] - Homes are expected to be priced from the high $200s, with a selection of 20 single-family floor plans available [2][4][7] Company Overview - Century Communities, Inc. is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [6][9] - The company operates in 16 states and over 45 markets, providing a comprehensive range of services including mortgage, title, and insurance brokerage [9] Community Features - Mirabella will include single- and two-story homes with up to 5 bedrooms and 3,000 square feet, featuring 2-bay garages and smart home technology [7] - The community is designed to blend small-town charm with convenient access to urban amenities, located near Katy and major highways [7]

Core Insights - Century Communities, Inc. is set to host a Grand Opening for its new model home in the Sweetgrass community located in Dacono, CO, with homes starting from the $500s [1][4] - The event will take place on October 11, featuring the two-story Powell floor plan and offering attendees a chance to win prizes [2][4] Company Overview - Century Communities is recognized as a leading national homebuilder and has been featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][10] - The company operates in 16 states and over 45 markets across the U.S., providing a range of services including mortgage and insurance through its subsidiaries [10] Community Features - Sweetgrass community offers convenient access to major highways, employment hubs, and recreational activities, with planned amenities such as a community pool, trails, parks, and playgrounds [3][7] - The community is strategically located 25 miles from Denver, 24 miles from Boulder, and 16 miles from Longmont, enhancing its appeal to potential residents [7] Homebuying Experience - Century Communities provides an online homebuying experience, allowing buyers to shop for homes, fill out forms, and sign contracts electronically [5][8][9] - The homes feature modern layouts with options for 2 to 5 bedrooms, 2 to 3 bathrooms, and up to 2,420 square feet, including smart home technology [7][10]