Affordable new homes available now at Grand Oaks from the national leader in online homebuyingAVON PARK, Fla., Nov. 21, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—is excited to announce that its Century Complete brand is now selling new homes at Grand Oaks, the company's anticipated new gated and amenity-rich community in Av ...

Edmonton, Alberta--(Newsfile Corp. - November 7, 2024) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) ("Everyday People" or the "Company"), a financial service provider, is pleased to announce that on November 7, 2024 (the "Closing Date"), its wholly-owned subsidiary, BPO Collections Limited ("BPO"), has closed the previously announced acquisition with the shareholders of CCS Group Holdings Limited (the "Sellers") to acquire 100% of the issued and outstanding shares (the "Acquisition") in the ...

New model home to be unveiled at Liberty Bay Vista, now selling from the high $700sPOULSBO, Wash., Nov. 7, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that it will host a model grand opening in early November at Liberty Bay Vista, the company's anticipated new community in Poulsbo, Washington. Asher Plan Renderi ...

Two-story floor plans now available at Pattison Place from the top U.S. builder OLYMPIA, Wash., Oct. 30, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—announced that new homes are now selling at Pattison Place, the company's new community in Olympia, Washington. Priced from the mid $500s, Pattison Place features a lineup of mod ...

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Investors might want to bet on Century Communities (CCS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a chang ...

Both Grand Opening events will take place on Saturday, October 26 from 12 to 3 p.m., featuring seasonal festivities, model tours, and limited-time savings opportunities."We're thrilled to welcome homebuyers to these anticipated new communities in fast-growing Merced," said Allen Bennett, Central Valley Division President. "Boasting modern open-concept floor plans on large homesites—and at a great value—we look forward to helping local homebuyers find their dream home."Learn more at www.CenturyCommunities.co ...

Financial Data and Key Metrics Changes - In Q3 2024, the company reported a net income of $83 million, or $2.59 per diluted share, with adjusted net income of $87 million, or $2.72 per diluted share [10] - Home sales revenues reached $1.1 billion, reflecting a 29% increase year-over-year and a 10% increase sequentially [10] - The adjusted homebuilding gross margin was 23.6%, slightly down from 24% in the previous quarter, while SG&A as a percentage of home sales revenue decreased to 11.9% from 12.9% year-over-year [11][12] Business Line Data and Key Metrics Changes - The company delivered 2,834 homes in Q3, a record high, representing a 25% increase year-over-year and an 8% increase sequentially [3] - Net new contracts for the quarter totaled 2,563, up 19% year-over-year, with significant growth in all regions, particularly the West (36% increase) and Texas (20% increase) [3][4] - The average sales price for homes was $394,000, remaining competitive among publicly traded homebuilders [4] Market Data and Key Metrics Changes - The company ended Q3 with over 80,000 owned and controlled lots, a 17% year-over-year increase, with Texas, the Southeast, and Century Complete accounting for 73% of the total lot count [6][7] - The community count reached 305, marking a 21% increase year-over-year and a 15% sequential increase [7] - The backlog of sold homes at the end of the quarter was 1,580, valued at $671.4 million, with an average price of $424,900 [10] Company Strategy and Development Direction - The company aims for delivery growth of 10% or more annually starting in 2025, driven by increased market share and improved margins [5] - Recent acquisitions, including Anglia Homes, are part of a strategy to deepen market presence in existing areas while maintaining a land-light approach [5][6] - The focus remains on affordable entry-level homes, positioning the company to benefit from potential declines in mortgage rates [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for growth, citing strong demand for affordable homes and improvements in mortgage affordability due to declining rates [13] - The company anticipates stable order activity in Q4, despite a moderation in orders observed in October due to rising mortgage rates [3][26] - Management highlighted the importance of maintaining cost control and improving cycle times to support future growth [12][13] Other Important Information - The company maintained a quarterly cash dividend of $0.26 per share and reported a record book value per share of $81.29, a 13% year-over-year increase [12] - Century Communities was recognized on Newsweek's list of the World's Most Trustworthy Companies for 2024, reflecting a strong company culture [9] Q&A Session Summary Question: What percentage of the additional option lots are finished lot option contracts? - Management indicated that the additional option lots are a mix of finished lot option contracts and other types, with no predominant category [14][15] Question: Who do you think you can take market share from? - Management believes the primary competition will come from private homebuilders, who are facing challenges compared to public builders [16][17] Question: What was the start number for the quarter? - The company reported starting 3,158 homes in Q3, with nearly 10,000 homes started year-to-date [18][19] Question: What are the incentives on orders for Q3? - Incentives on orders averaged around 800 basis points in Q3, up from 700 basis points in Q2, split approximately 50-50 between price reductions and mortgage buydowns [20][22] Question: Any notable change in your cancellation rate in the quarter? - The cancellation rate remained consistent, benefiting from the spec homebuilding model and buyer understanding of home delivery timing [24] Question: What impact should we expect from purchase accounting in Q4? - Management expects a drag of 30 to 50 basis points from purchase accounting in Q4 and Q1, tapering off in Q2 of the following year [32] Question: How did Anglia contribute to closings in Q3? - Anglia contributed less than 2% to the overall closings for the quarter due to the timing of the acquisition [31] Question: What are the expectations for lot cost increases into next year? - Management anticipates stable lot costs in Q4 and early Q1, with normal cost inflation expected in the latter half of 2025 [35]

Century Communities (CCS) reported $1.14 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 27.8%. EPS of $2.72 for the same period compares to $2.58 a year ago.The reported revenue represents a surprise of +4.08% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $2.55, the EPS surprise was +6.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36491 | --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------|------------------------ ...