The Fed rate cut, along with the increase in building permits and single-family housing starts, brings a glimmer of hope for the U.S. housing sector that had been weighed down by economic uncertainty. Companies such as Century Communities, Inc. (CCS) , M/I Homes, Inc. (MHO) , Meritage Homes Corporation (MTH) , PulteGroup, Inc. (PHM) , and Taylor Morrison Home Corporation (TMHC) are wellpositioned to capitalize on this industry upturn, supported by their strong fundamentals. August Housing Starts and Buildin ...

Core Insights - Builder confidence in the U.S. housing market has increased, with the Housing Market Index (HMI) rising to 41 in September from 39 in August, breaking a four-month streak of low sentiment [2][4] - Decreasing mortgage rates, now at 6.2%, have contributed significantly to the improved builder confidence, marking the lowest level since February 2023 [4] - Despite the positive sentiment, a score below 50 on the HMI indicates ongoing challenges in the industry [6] Industry Overview - Rising building costs and increased competition from higher housing inventory are significant challenges for the homebuilding sector, impacting affordability [7][8] - The HMI survey indicates a reduction in price cuts among builders, with average price reductions falling below 6% for the first time since July 2022 [8] - The Zacks Building Products - Home Builders industry has outperformed broader indices, gaining 28.5% year-to-date compared to the S&P 500's growth of 18.1% [11] Company Highlights - **Dream Finders Homes, Inc. (DFH)**: Expected EPS growth of 15.4% year-over-year, with revenue estimates indicating a 13.3% increase. The forward PE ratio is 11.11X, below the industry average [12][13] - **Century Communities, Inc. (CCS)**: Strong Buy rating with expected EPS growth of 32.5% and revenue growth of 18.1% year-over-year. The forward PE ratio is 8.81X, below the industry average [14][15] - **Taylor Morrison Home Corp. (TMHC)**: Buy rating with expected EPS growth of 6.2% and revenue growth of 7.1% year-over-year. The forward PE ratio is 8.13X, below the industry average [16][17] - **Meritage Homes Corp. (MTH)**: Expected EPS growth of 5.8% and revenue growth of 2.8% year-over-year. The forward PE ratio is 9.41X, below the industry average [18][19] - **Tri Pointe Homes, Inc. (TPH)**: Expected EPS growth of 35.7% year-over-year, with revenue estimates indicating an 18.3% increase. The forward PE ratio is 9.12X, below the industry average [20][21]

Core Insights - Century Communities is expanding its offerings with new floor plans and model homes in the San Antonio area, aiming to meet the demand for quality housing [2][5][8] Group 1: New Developments - The company recently held a ribbon-cutting ceremony for five new floor plans and a model home at Hiddenbrooke in Seguin [5] - Upcoming ribbon-cutting events are scheduled for new model homes at Agave and Applewhite Meadows, with sales starting from the mid $200s [2][3] Group 2: Community Features - Communities feature single- and two-story floor plans with 3 to 5 bedrooms, 2 to 3 bathrooms, and 2-bay garages, ranging from 1,343 to 2,511 square feet [3][4][6] - Included amenities consist of smart home packages, car charging ports, granite or quartz countertops, and community facilities such as parks and pools [3][4][6] Group 3: Online Homebuying Experience - Century Communities offers an online homebuying experience, allowing customers to shop, buy, and sign contracts electronically [7] - The process includes selecting a home, filling out a form, submitting a deposit, and signing via DocuSign [7] Group 4: Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S., recognized for its online sales and ranked highly for trustworthiness [8] - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [8]

Breaking a string of past four months of tepidness, builder sentiment edged two points higher this month sequentially. According to the National Association of Home Builders (NAHB)/Wells Fargo's Housing Market Index (HMI), sentiment among U.S. homebuilders for newly-built single-family homes increased to 41 in September from 39 in August. NAHB/Wells Fargo Housing Market Index 100 2000 90 1800 80 1600 70 1400 60 50 40 800 30 600 20 400 10 200 0 NAHB/Wells Fargo HMI Single-Family Starts (SAAR) Image Source: N ...

Core Insights - Century Communities, Inc. has launched Highland Park, its first community in Highland, California, with homes starting from the low $700s [1] - The community features four new floor plans designed for modern living, set against the backdrop of the San Bernardino Mountains [3][4] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, ranked highest on Newsweek's list of America's Most Trustworthy Companies for 2024 [1][7] - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [7] Product Offerings - The four new floor plans include: - Plan 1: 3 bedrooms, 2.5 bathrooms, 1,998 square feet [4] - Plan 1X: 3 bedrooms, 2.5 bathrooms, 1,961 square feet [4] - Plan 2: 4 bedrooms, 3 bathrooms, 2,398 square feet [4] - Plan 3: 4 bedrooms, 3 bathrooms, 2,523 square feet, the largest plan [4] Community Features - Highland Park offers various amenities such as private open spaces, a park, picnic areas, and BBQ facilities, catering to outdoor leisure and recreation [3]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Century Communities (CCS) Analysis - Century Communities (CCS) has shown a four-week price change of 6.2%, indicating growing investor interest [3] - Over the past 12 weeks, CCS stock gained 15.6%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CCS has a beta of 1.86, suggesting it moves 86% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Valuation and Earnings Estimates - CCS has a Momentum Score of A, suggesting it is an opportune time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - CCS is trading at a Price-to-Sales ratio of 0.73, indicating it is relatively cheap at 73 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - Besides CCS, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify potential winning stocks [8]

Core Viewpoint - Century Communities (CCS) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Century Communities for the fiscal year ending December 2024 is projected at $10.72 per share, reflecting a 32.5% increase from the previous year's reported figure [9]. - Over the past three months, analysts have raised their earnings estimates for Century Communities, resulting in a 6% increase in the Zacks Consensus Estimate [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors to gauge stock performance [2][3]. - Stocks rated Zacks Rank 1 have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [8]. - The upgrade of Century Communities to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [11]. Market Dynamics - The correlation between earnings estimate revisions and stock price movements is well-established, suggesting that tracking these revisions can be beneficial for investment decisions [7][5]. - Institutional investors play a significant role in this dynamic, as their trading activities based on earnings estimates can lead to substantial price movements in stocks [5].

The Bluffs at Whiskey Ridge features beautiful location with two-story floor plans from the high $700s SEATTLE, Sept. 5, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced it will host a Grand Opening event on Saturday, September 7 for its anticipated new community in Marysville: The Bluffs at Whiskey Ridge. Th ...

Core Insights - Century Communities, Inc. is now selling homes at Villa Bellissima in Manteca, CA, starting from the mid $600s, highlighting its position as a national leader in online homebuying and homebuilding [1][3]. Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and has been ranked as the highest homebuilder on Newsweek's list of America's Most Trustworthy Companies for 2024 [1][6]. - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [6]. Product Offering - Villa Bellissima features four single-family floor plans with open-concept layouts, granite countertops, luxury plank vinyl flooring, and stainless-steel appliances [2][3]. - The homes range from 1,671 to 2,833 square feet, with options for 3 to 5 bedrooms and 2 to 3 bathrooms, accommodating various buyer needs [4]. Location and Accessibility - The community is strategically located with easy access to Tracy, Lathrop, and Modesto, and is positioned as a midpoint between Sacramento and San Francisco [3][4]. - Residents can enjoy nearby parks, trails, and attractions such as wineries in Lodi and Manteca Park Golf Course [3]. Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop for homes, submit deposits, and sign contracts electronically [4][5].

National leader in online homebuying offering new homes from the mid $200s at Shelton Woods LOUISVILLE, Ky., Sept. 3, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed the company's Century Complete brand is now selling at Shelton Woods in Radcliff, KY. Starting from the mid $200s, the anticipated new community ...