Century Communities, Inc. (CCS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Century Communities, Inc. (CCS), stands out in the competitive homebuilding market? As one of the nation's largest homebuilders, Century Communities reported total revenues of $4.4 billion for 2024, marking a significant increase from $3.7 billion in 2023, driven by increased home sales. With a mission to build attractive, high-quality homes at affordable prices, how does Century Communities achieve this, and what's the secret behind their success? Keep reading to discover the history, ownership, mission, and business model that drives this industry leader.

Century Communities, Inc. (CCS) History

Century Communities, Inc. Founding Timeline

Year established

Century Communities, Inc. was established in 2002.

Original location

The company was originally located in Greenwood Village, Colorado.

Founding team members

The founding team members included Robert J. Francescon and Ara Kervandjian.

Initial capital/funding

Information regarding the initial capital or funding is not readily available in the provided search results.

Century Communities, Inc. Evolution Milestones

Century Communities, Inc. Transformative Moments

• Strategic Shift to Online Homebuying: Embracing digital platforms to enhance customer experience and streamline the purchasing process.
• Geographic Expansion: Expanding into high-growth markets across the U.S. through strategic acquisitions and organic growth.
• Product Diversification: Offering a wide range of home types and price points to cater to different buyer segments.
• Focus on Operational Efficiency: Implementing measures to improve construction timelines and reduce costs.

To gain more insights into the company's financial stability, consider reading: Breaking Down Century Communities, Inc. (CCS) Financial Health: Key Insights for Investors

Century Communities, Inc. (CCS) Ownership Structure

As a publicly traded company, the ownership of Century Communities, Inc. is distributed among a mix of institutional investors, individual shareholders, and company insiders.

Century Communities, Inc.'s Current Status

Century Communities, Inc. is a publicly traded company, meaning its shares are listed on a stock exchange and available for purchase by the general public. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol CCS.

Century Communities, Inc.'s Ownership Breakdown

Understanding the ownership structure of Century Communities, Inc. provides insights into the potential influences on the company's decisions and strategic direction. The following table presents a snapshot of the ownership composition:

Century Communities, Inc.'s Leadership

The leadership team at Century Communities, Inc. is responsible for the strategic direction and day-to-day operations of the company. Key members of the leadership team include:

• Dale Francescon: Chairman & Co-Chief Executive Officer
• Robert J. Francescon: Co-Chief Executive Officer
• David Messenger: Chief Financial Officer

To gain more insight into the company's goals and guiding principles, explore Mission Statement, Vision, & Core Values of Century Communities, Inc. (CCS).

Century Communities, Inc. (CCS) Mission and Values

Century Communities, Inc. aims to provide quality, affordable homes while creating value for its stakeholders and fostering a positive impact on the communities it serves. The company's values emphasize integrity, customer satisfaction, and teamwork.

Century Communities, Inc.'s Core Purpose

Official mission statement

While Century Communities, Inc. does not have a single, universally publicized official mission statement, their approach to business can be understood through several key elements:

• Building homes and communities that enhance people's lives.
• Focusing on customer satisfaction by providing quality homes and personalized service.
• Committing to innovation and efficiency in homebuilding processes.
• Creating value for shareholders through strategic growth and financial performance.

Vision statement

Century Communities, Inc.'s vision can be inferred from their business activities and public statements. Key aspects of their vision include:

• Being a leading homebuilder recognized for quality and value.
• Expanding market presence through strategic acquisitions and organic growth.
• Fostering a culture of excellence and innovation within the company.
• Delivering sustainable returns to investors.

Company slogan/tagline

Century Communities, Inc. uses different slogans and taglines in their marketing and branding efforts. These include:

• 'A Home for Every Dream.'
• 'Your Home, Your Style, Your Way.'

To gain more insights into Century Communities, Inc., consider reading Exploring Century Communities, Inc. (CCS) Investor Profile: Who’s Buying and Why?

Century Communities, Inc. (CCS) How It Works

Century Communities, Inc. operates by focusing on designing, developing, constructing, marketing, and selling single-family homes. They primarily cater to first-time homebuyers, move-up buyers, and active adult purchasers across various states.

Century Communities, Inc.'s Product/Service Portfolio

Century Communities, Inc.'s Operational Framework

Century Communities, Inc. focuses on several key operational areas to drive value creation:

• Land Acquisition and Development: Identifying and securing land positions in strategic locations with growth potential.
• Design and Construction: Creating diverse home designs and utilizing efficient construction processes to deliver quality homes.
• Sales and Marketing: Employing targeted marketing strategies and maintaining a strong sales presence to attract and convert potential homebuyers.
• Customer Service: Providing comprehensive customer support throughout the home buying and ownership experience.

Century Communities, Inc.'s Strategic Advantages

Century Communities, Inc. maintains several strategic advantages that contribute to its market success:

• Geographic Diversification: Operating in multiple states across the U.S. reduces reliance on any single market.
• Product Diversification: Offering a range of housing products caters to a wider customer base.
• Strong Brand Reputation: Building a trusted brand through quality construction and customer satisfaction.
• Financial Strength: Maintaining a healthy balance sheet and access to capital supports growth initiatives.

More insights about the company can be found here: Mission Statement, Vision, & Core Values of Century Communities, Inc. (CCS).

Century Communities, Inc. (CCS) How It Makes Money

Century Communities, Inc. primarily generates revenue through the construction and sale of single-family homes. They also offer mortgage and insurance services, which contribute to their overall financial performance.

Century Communities, Inc. Revenue Breakdown

Century Communities, Inc. Business Economics

Century Communities, Inc.'s business economics are influenced by several key factors:

• Pricing Strategy: The company employs a pricing strategy that is market-driven, taking into account local economic conditions, competition, and buyer demographics. They adjust prices to remain competitive while maintaining profitability.
• Cost Management: Efficient cost management is crucial. This includes controlling construction costs, land acquisition expenses, and overhead. Effective supply chain management and economies of scale help in reducing costs.
• Economic Factors: The housing market is sensitive to broader economic trends such as interest rates, employment levels, and consumer confidence. Favorable economic conditions typically boost home sales, while downturns can negatively impact demand.
• Geographic Diversification: Operating in multiple markets helps mitigate risk. Different regions may experience varying economic cycles, so a diversified geographic presence can stabilize revenue streams.

Century Communities, Inc. Financial Performance

Key aspects of Century Communities, Inc.'s financial performance include:

• Revenue Growth: Monitoring the year-over-year growth in home sales and financial services revenue is essential. Consistent growth indicates strong demand and effective market penetration. In 2024, Century Communities reported total revenues of $4.6 billion, driven primarily by increased home deliveries.
• Profit Margins: Gross profit margins and net profit margins provide insights into the company's profitability. These margins are influenced by pricing, cost management, and the mix of products sold. For 2024, the company’s gross margin on home sales was 22.1%.
• Earnings Per Share (EPS): EPS is a key indicator of profitability on a per-share basis. It reflects the company's ability to generate profits for its shareholders. Century Communities reported a diluted EPS of $6.55 for 2024.
• Debt Levels: Managing debt is critical in the capital-intensive homebuilding industry. Monitoring debt-to-equity ratios and interest coverage ratios helps assess the company's financial risk. As of December 31, 2024, the company had total debt of approximately $1.4 billion.
• Inventory Management: Efficient inventory management, including land and work-in-progress, is vital. High inventory turnover and low holding costs contribute to better financial performance.

To gain more insights into the company's financial health, check out this analysis: Breaking Down Century Communities, Inc. (CCS) Financial Health: Key Insights for Investors

Century Communities, Inc. (CCS) Market Position & Future Outlook

As of April 2025, Century Communities, Inc. (CCS) navigates a dynamic housing market, balancing strategic growth initiatives with potential economic headwinds. The company's focus remains on expanding its footprint and catering to diverse buyer segments, while closely monitoring market trends to adapt to evolving conditions. Get more insights about the company's values at: Mission Statement, Vision, & Core Values of Century Communities, Inc. (CCS).

Competitive Landscape

Opportunities & Challenges

Industry Position

Century Communities, Inc. (CCS) holds a notable position within the homebuilding industry, characterized by:

• A diversified geographic presence across high-growth markets.
• A strategic focus on both entry-level and move-up buyers.
• Commitment to innovation and sustainable building practices.

The company's ability to adapt to changing market dynamics and maintain a strong financial position will be crucial for sustained success.