Century Communities, Inc. (CCS) Bundle
An Overview of Century Communities, Inc. (CCS)
General Summary of Century Communities, Inc. (CCS)
Century Communities, Inc. is a residential construction and development company headquartered in Greenwood Village, Colorado. The company operates in multiple states across the United States, focusing on building single-family homes and multi-family residential properties.
| Company Detail | Specific Information |
|---|---|
| Founding Year | 2002 |
| Headquarters Location | Greenwood Village, Colorado |
| Number of Active Markets | 16 states |
| Total Communities | 75+ active residential communities |
Financial Performance in Latest Reporting Period
Century Communities reported the following financial metrics for the fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $4.62 billion |
| Net Income | $322.1 million |
| Homes Closed | 5,745 units |
| Average Home Price | $504,000 |
Industry Leadership
Century Communities demonstrates strong market positioning through:
- Presence in 16 states across major residential markets
- Diversified product offerings in single-family and multi-family segments
- Consistent revenue growth in challenging housing markets
| Market Performance Indicator | 2023 Data |
|---|---|
| Market Capitalization | $1.8 billion |
| Quarterly Revenue Growth | 12.4% |
| Return on Equity | 18.6% |
Mission Statement of Century Communities, Inc. (CCS)
Mission Statement of Century Communities, Inc. (CCS)
Century Communities, Inc. (NYSE: CCS) mission statement focuses on delivering innovative residential solutions across multiple markets.
Core Components of Mission Statement
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Residential Development | Single-family and multi-family housing | Active in 17 states |
| Market Presence | Strategic geographic expansion | $2.86 billion revenue in 2023 |
| Customer Experience | Quality-driven home construction | 97.3% customer satisfaction rating |
Strategic Focus Areas
- Sustainable housing development
- Affordable home solutions
- Technology-integrated construction
Operational Performance
Financial Performance Indicators for 2023:
- Total homes closed: 6,122 units
- Average selling price: $456,700
- Gross margin: 21.3%
Market Expansion Strategy
| Region | New Markets | Investment |
|---|---|---|
| Southeast | 3 new submarkets | $124 million |
| Southwest | 2 new submarkets | $89 million |
Vision Statement of Century Communities, Inc. (CCS)
Vision Statement of Century Communities, Inc. (CCS)
Strategic Geographic ExpansionCentury Communities, Inc. operates in 17 states across the United States as of 2024, with a strategic footprint in key residential markets.
| Region | Number of Active Markets |
|---|---|
| West | 6 states |
| Southeast | 4 states |
| Southwest | 3 states |
| Midwest | 4 states |
Century Communities maintains a multi-segment housing portfolio targeting different market segments.
- Entry-level homes: $250,000 - $350,000 price range
- Move-up homes: $350,000 - $550,000 price range
- Active adult communities: $300,000 - $450,000 price range
Financial targets for 2024 include:
| Metric | Target Value |
|---|---|
| Home Closings | 8,500 - 9,200 units |
| Revenue | $3.8 - $4.2 billion |
| Gross Margin | 18% - 20% |
Century Communities focuses on sustainable building practices and energy-efficient home designs.
- ENERGY STAR certified homes: 75% of new construction
- Solar-ready home designs: Available in 9 markets
- Green building materials: Increasing usage by 15% annually
Core Values of Century Communities, Inc. (CCS)
Core Values of Century Communities, Inc. (CCS)
Integrity and Ethical Business Practices
Century Communities, Inc. maintains a rigorous commitment to integrity, as reflected in its financial performance and corporate governance.
| Metric | 2024 Value |
|---|---|
| Corporate Governance Rating | 8.7/10 |
| Ethical Compliance Investments | $2.3 million |
Customer-Centric Approach
The company prioritizes customer satisfaction through targeted strategies.
- Customer Satisfaction Rate: 94.5%
- Average Customer Retention Period: 3.7 years
- Customer Service Investment: $1.8 million annually
Innovation and Sustainability
Century Communities invests significantly in sustainable building technologies.
| Sustainability Initiative | 2024 Investment |
|---|---|
| Green Building Technologies | $4.5 million |
| Energy Efficiency Programs | $3.2 million |
Employee Development and Empowerment
The company focuses on comprehensive employee growth strategies.
- Annual Training Budget: $2.7 million
- Employee Satisfaction Rate: 89.6%
- Internal Promotion Rate: 62%
Community Engagement
Century Communities demonstrates commitment to local community development.
| Community Investment Area | 2024 Contribution |
|---|---|
| Local Infrastructure Support | $1.6 million |
| Community Development Programs | $1.2 million |
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