GREENWOOD VILLAGE, Colo., June 18, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, today announced that the Company will release its second quarter 2025 financial results after the market closes on Wednesday, July 23, 2025. A conference call will be held that same day at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's second quarter results, discuss recent events and conduct a question-and-answer session.Webcast:The conference call will be ...

Homebuilder confidence fell in June, logging its third lowest reading since 2012. Buyers struggling with affordability stayed on the sidelines, even as builders lowered prices. https://t.co/ZRCgV2QSrL ...

So here you can see home sellers versus home buyers and there's a a big imbalance developing here suggesting that the market is very weak and that the buyers are probably not going to move unless they have a good reason. Either interest rates come down or prices come down and you can see here what's going on with volume very low by historical standards. I can tell you in in the late 70s when I was in college and started in this business, this metric was at five million units.And to see it at 4 million now a ...

Core Insights - Century Communities, Inc. is hosting Grand Opening celebrations for two new home communities, Newport Pointe in Discovery Bay and Malana at Lakeview in Mountain House, on June 21, 2025 [1][2] Group 1: Company Overview - Century Communities is recognized as a top national homebuilder and an industry leader in online home sales, featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][6] - The company operates in 17 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [6] Group 2: New Developments - Newport Pointe is now selling from the upper $700s, featuring single-family homes with 3 to 5 bedrooms, 2.5 to 3 bathrooms, and up to 2,833 square feet [3][4] - Malana at Lakeview is now selling from the low $1 millions, offering similar single-family homes with multi-gen living options and up to 2,807 square feet [3][4] Group 3: Community Features - Both communities provide access to various recreational activities, including boating, fishing, and kayaking, along with proximity to amenities such as golf courses, parks, and shopping [3][4] - Malana at Lakeview is part of The Lakes at Mountain House, which includes future parks, trails, schools, and a community center [4] Group 4: Online Homebuying - Century Communities offers an industry-first online homebuying experience, allowing customers to shop for homes and complete purchases electronically [5][8]

Jobless claims and housing uh starts data going to hit the wires right now in about two seconds. Rick Santelli standing by at this in CM in Chicago. Hey Rick.Hi. Good morning Joe. Yes.Housing starts for the month of May expected 1,350,000 seasonally adjusted annualized units. Comes in light, extremely light. 1,256,000.That is definitely well below what we are expecting. And that would be the lightest going back well quite a ways. We're going back to wow 1256. We're going all the way back to May of 2020. May ...

LA QUINTA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Southern California community, Toll Brothers at Griffin Ranch, is coming soon to La Quinta, California. This exclusive Toll Brothers neighborhood will include only 37 estate-sized single-story homes and an array of existing luxury amenities. Site work is underway, and the community is anticipated to open for sale in late 2025. Toll Brothers at Griffin ...

Core Insights - Century Communities, Inc. is launching Griffin Creek, a new community in Childersburg, AL, with homes starting from the $250s, anticipated to begin selling in August 2025 [1][4][8] - The community will feature single- and two-story floor plans with modern amenities and an industry-first online homebuying experience [2][5][8] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, consistently ranked among America's and the World's Most Trustworthy Companies by Newsweek [1][8] - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [8] Product Offering - Griffin Creek will offer homes with up to 4 bedrooms, 3 bathrooms, and 1,965 square feet, featuring open-concept designs and high-quality finishes such as stainless-steel appliances and quartz countertops [6][8] - The community is strategically located for easy access to Birmingham and local attractions like Talladega National Forest and NASCAR's Talladega Superspeedway [6][8] Online Homebuying Experience - The company provides a streamlined online homebuying process, allowing buyers to purchase homes at their convenience while still working with local real estate agents [5][10] - The online process includes steps such as filling out a Buy Online form, submitting an earnest money deposit, and electronically signing a purchase contract [10]

Confidence among US homebuilders in June hit its lowest level since December 2022 as high mortgage rates and policy uncertainty hit wouldbe buyers. With more on the landscape for homebuilders, we have Katie Hubard, Walton Global's executive vice president of capital markets joining us now. So Katie, there was actually an expectation we would see sentiment rebound here.Clearly not the case. What does this tell us about where home builders and really the overall housing market stand right now. Yes.Hi Ally, th ...

Financial Data and Key Metrics Changes - In Q2 2025, Lennar started over 24,000 homes, delivered over 20,000 homes, and sold 22,601 homes, indicating a focus on volume despite challenging market conditions [24] - Sales incentives rose to 13.3%, leading to a gross margin reduction to 18% due to lower than expected average sales prices [24][25] - The company ended the quarter with $1.2 billion in cash and $5.4 billion in total liquidity, maintaining a strong balance sheet [48] Business Line Data and Key Metrics Changes - The financial services segment reported operating earnings of $157 million, primarily driven by the mortgage business [47] - The average sales price for Q3 is expected to be between $380,000 and $385,000, reflecting continued pricing pressure [53] Market Data and Key Metrics Changes - The housing market remains soft, with median sales prices around $400,000 and inventory levels slightly up from last year but still limited [10][11] - Demand is high among millennials, but affordability issues and declining consumer confidence are impacting the market [11][12] Company Strategy and Development Direction - The company is focused on maintaining volume and driving efficiencies through technology integration, aiming to build a stronger margin platform [8][19] - Lennar's strategy includes an asset-light, land-light balance sheet to enhance cash flow and operational efficiency [15][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging economic environment, with higher interest rates and consumer confidence affecting demand [9][10] - The company is optimistic about future growth, believing it is close to finding a margin floor and improving its cost structure [16][36] Other Important Information - The company is transitioning its ERP system to JD Edwards eOne, which is expected to enhance financial reporting and operational efficiency [31][32] - Inventory churn improved to 1.8%, indicating better management of home sales and inventory levels [45] Q&A Session Summary Question: Consumer Credit Quality - Management noted that while consumer confidence has waned, credit scores have remained consistent, with an increase in government loans from 40% to 48% [62] Question: Price Elasticity in the Market - Management indicated that market conditions vary, with some markets showing inelasticity, but adjustments are made based on real-time data [64][66] Question: Annual Volume Expectations - The company expects to meet its annual target of 86,000 to 88,000 homes, focusing on volume while adjusting to market conditions [71] Question: Margins and Returns on Capital - Management aims for around a 20% gross margin on new land acquisitions, emphasizing patience and selectivity in current market conditions [87][89] Question: Cash Flow from Operations - The outflow in cash flow was attributed to lower average sales prices and the impact of the Mill Road spin-off, with expectations for improvement moving forward [92][94]

Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Enclave at Hickory Hill in Argyle, Texas, expected to open for sale in fall 2025 [1][5] Company Overview - Toll Brothers is the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [9] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of home types for different buyer segments [9] Community Features - Enclave at Hickory Hill will feature one- and two-story homes ranging from 3,700 to over 6,000 square feet, with prices starting at $1.7 million [2] - Homes will include 4 to 5 bedrooms, 3.5 to 6 bathrooms, and options for 3-car or 4-car garages, emphasizing quality and craftsmanship [2][5] Customer Experience - The Toll Brothers Design Studio will provide a one-stop shopping experience for customers to personalize their homes with professional design consultants [3] Location Benefits - The community is strategically located near major commuter routes, including Interstate 35 and Highway 377, facilitating easy access to surrounding areas [7] - It is situated within the Argyle Independent School District, providing educational opportunities for residents [7] Nearby Amenities - Residents will have access to shopping, entertainment, and dining options in nearby Highland Village and Flower Mound, enhancing the community's appeal [8]