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Century Communities More Than Doubles Houston Community Count and Becomes Top 5 Houston Builder With Anglia Homes Acquisition
Century munitiesCentury munities(US:CCS) Prnewswireยท2024-07-31 20:05

Core Insights - Century Communities, Inc. has announced the acquisition of substantially all assets of Anglia Homes, LP, significantly expanding its operations in the Houston market [1][2] - This acquisition adds over 25 communities to Century Communities' portfolio, more than doubling its community count in Greater Houston and positioning it among the top five homebuilders in the area [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 ranked as the highest homebuilder on Newsweek's list of America's Most Trustworthy Companies for 2024 [1][4] - The company operates in 18 states and over 45 markets, focusing on building high-quality, affordable homes [4] Acquisition Details - The acquisition aligns with Century Communities' strategy of increasing market depth in a land-light manner, enhancing access to capital-efficient finished lots [3] - Anglia Homes specializes in one- and two-story single-family homes priced from the mid $200,000s to the high $400,000s, which will be transitioned to the Century Communities brand [2][3] Leadership Statements - Executives from Century Communities expressed confidence in the acquisition, highlighting Houston's strong performance over the past decade and the alignment of values between the two companies [3] - Mike Manners, Chairman of Anglia Homes, emphasized the shared commitment to quality, location, affordability, and design, which will enhance the homebuying experience for customers [3][5]