Company:Century Communities

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Century Communities, Inc.
Century Communities
TypePublic
NYSE: CCS
IndustryHome construction
Real estate development
Founded2002
FounderDale Francescon
Robert J. Francescon
Headquarters8390 East Crescent Parkway, Suite 650,
Greenwood Village, Colorado
,
United States
Area served
United States
Key people
Dale Francescon (Executive Chairman)
Robert J. Francescon (CEO and President)
RevenueUS$4.4 billion (2024)
US$333.8 million (2024)
Total assetsUS$4.53 billion (2024)
Total equityUS$2.62 billion (2024)
SubsidiariesInspire Home Loans
Parkway Title
IHL Home Insurance Agency
IHL Escrow
Websitecenturycommunities.com

Century Communities, Inc. is an American home construction and real estate development company headquartered in Greenwood Village, Colorado.[1][2]

It has been publicly traded on the New York Stock Exchange since 2014.

History

Century Communities was founded in 2002 by brothers Dale and Robert J. Francescon as a developer of single-family homes, townhouses, and condominiums.[3][4]

In 2013, Century Communities raised US$240 million through a private offering to support expansion and expanded its operations to Texas through the acquisition of Jimmy Jacobs Homes in Austin and San Antonio.[5][6]

In June 2014, Century Communities completed its initial public offering (IPO) on the New York Stock Exchange.[7][8][9] Following the IPO, it acquired Dunhill Homes' Las Vegas operations, Houston-based Grand View Builders[10][11], and Atlanta-based Peachtree Communities.[12]

In 2016, Century Communities acquired a 50 percent stake in North Carolina-based Wade Jurney Homes, expanded its operations to Salt Lake City, founded Inspire Home Loans for mortgage, Parkway Title for title, and IHL Insurance Agency for insurance services.[13][14][15] In 2017, it merged with UCP, Inc. in a US$336 million transaction, and expanded into California and the Pacific Northwest.[16][17] In November 2017, it acquired Lynnwood homebuilder Sundquist Homes.[18][19][20] By the end of that year, Century Communities was operating 117 active communities across 10 states.[16]

In 2018, Century Communities acquired the remaining interest in Wade Jurney Homes and renamed it as Century Complete in 2020.[21][22] In 2021, Century Communities expanded to the Phoenix metropolitan area, North Florida, and Kentucky, beginning with communities in the Louisville metropolitan area. By 2022, Century Communities had also launched Century Living, a multifamily division focused on apartment development, and was ranked as the ninth-largest homebuilder in the United States by volume.[23]

In 2024, Century Communities expanded its footprint in Nashville through the acquisition of Landmark Homes of Tennessee, and later that year acquired Anglia Homes.[24][25] In August 2024, it acquired a 100-acre site near Fulshear, Texas.[26] In 2025, it acquired the land of Chiles Ranch in Davis, California.[27]

References

  1. ↑ Kumar, B. Rajesh (April 1, 2024). Kumar, B. Rajesh. ed. Rising Stars : Integrative Case Studies on the 100 Fastest-Growing Companies. Springer International Publishing. pp. 321–326. doi:10.1007/978-3-031-50032-9_43. https://doi.org/10.1007/978-3-031-50032-9_43. 
  2. ↑ Miller, Ben (June 15, 2018). "Colorado home builder, with new buy, says it's now in U.S. top 10". https://www.bizjournals.com/denver/news/2018/06/15/colorado-home-builder-with-new-buy-says-its-now-in.html. 
  3. ↑ McManus, John. "Century Communities' Jim Francescon Bridges Legacy and Future". https://www.housingwire.com/articles/century-communities-jim-francescon-bridges-legacy-and-future/. 
  4. ↑ Armbrister, Molly. "Dale and Rob Francescon stacked up acquisitions for planned growth". https://www.bizjournals.com/denver/print-edition/2015/09/25/dale-and-rob-francescon-stacked-up-acquisitions.html. 
  5. ↑ Buchholz, Jan. "Jimmy Jacobs Homes acquired by Denver company". https://www.bizjournals.com/austin/blog/real-estate/2013/09/jimmy-jacobs-homes-acquired-by-denver.html. 
  6. ↑ Svaldi, Aldo (July 25, 2014). "Century Communities buying big in Texas and betting on Las Vegas". https://www.denverpost.com/2014/07/25/century-communities-buying-big-in-texas-and-betting-on-las-vegas/. 
  7. ↑ McManus, John (June 19, 2014). "Century Becomes Home Building's 8th New Public in 18 Months". https://www.builderonline.com/money/century-becomes-home-buildings-8th-new-public-in-18-months_o. 
  8. ↑ Phillips, David (June 5, 2014). "Century Communities Makes Completes IPO Century Communities Makes Completes IPO". https://www.globest.com/2014/06/05/century-communities-makes-completes-ipo/. 
  9. ↑ Harden, Mark (June 18, 2014). "Shares slump on opening day as Century Communities goes public". https://www.bizjournals.com/denver/blog/real_deals/2014/06/century-communities-goes-public-prices-ipo-shares.html. 
  10. ↑ Armbrister, Molly (August 13, 2014). "Century Communities buys Houston homebuilder". https://www.bizjournals.com/denver/blog/real_deals/2014/08/century-communities-buys-houston-homebuilder.html. 
  11. ↑ "Century Communities Buys Grand View Builders, Enters Houston". August 13, 2014. https://www.builderonline.com/builder-100/leadership/century-communities-buys-grand-view-builders-enters-houston. 
  12. ↑ "Builder Century Communities expands Texas footprint with Houston deal". August 13, 2014. https://www.denverpost.com/2014/08/13/builder-century-communities-expands-texas-footprint-with-houston-deal/. 
  13. ↑ "Colorado's Century Communities buys 50% stake in North Carolina homebuilder". November 2, 2016. https://www.9news.com/article/money/business/colorados-century-communities-buys-50-stake-in-north-carolina-homebuilder/73-346251405. 
  14. ↑ Fahey, Ashley (August 8, 2017). "Century Communities completes $356M merger with homebuilder UCP". https://www.bizjournals.com/triad/news/2017/08/08/century-communities-completes-356m-merger-with.html. 
  15. ↑ Croce, Brian (November 2, 2016). "Century Communities CEO Talks Wade Jurney Deal". https://www.builderonline.com/builder-100/strategy/century-communities-ceo-talks-wade-jurney-deal_o. 
  16. ↑ 16.0 16.1 Tomasulo, Katy (April 13, 2017). "Century Communities, UCP to merge in $336M deal". https://www.constructiondive.com/news/century-communities-ucp-to-merge-in-336m-deal/440433/. 
  17. ↑ McManus, John (April 11, 2017). "Century, UCP--Two of Home Building's 'Mini-Me' Publics--Agree to Merge". https://www.builderonline.com/builder-100/century-ucp-two-of-home-buildings-mini-me-publics-agree-to-merge_o. 
  18. ↑ Harden, Mark (November 1, 2017). "Century Communities buys Lynnwood homebuilder Sundquist Homes". https://www.bizjournals.com/seattle/news/2017/11/01/century-communities-buys-lynnwood-sundquist-homes.html. 
  19. ↑ Harden, Mark (November 1, 2017). "Colorado's Century Communities buys Seattle homebuilder". https://www.bizjournals.com/denver/news/2017/11/01/colorados-century-communities-buys-seattle.html. 
  20. ↑ Davis, Jim (November 1, 2017). "Lynnwood's Sundquist Homes sold to a publicly traded builder". https://www.heraldnet.com/2017/11/01/lynnwoods-sundquist-homes-sold-to-a-publicly-traded-builder/. 
  21. ↑ "National homebuilder Century Complete enters Kentucky market". https://www.lanereport.com/146470/2021/09/century-complete-national-homebuilder-enters-kentucky-market/. 
  22. ↑ Lane, Ben (June 15, 2018). "More homebuilder consolidation: Century Communities buys Wade Jurney Homes". https://www.housingwire.com/articles/43699-more-homebuilder-consolidation-century-communities-buys-wade-jurney-homes/. 
  23. ↑ "Builder 100 Listings Archive". https://www.builderonline.com/builder-100-listing/. 
  24. ↑ Ladurantaye, Steve (January 23, 2024). "Century Communities Buys Landmark Homes of Tennessee". https://www.builderonline.com/money/m-a/century-communities-buys-landmark-homes-of-tennessee_o. 
  25. ↑ Salandro, Vincent (July 31, 2024). "Century Communities Grows Houston Portfolio With Acquisition of Anglia Homes". https://www.builderonline.com/money/m-a/century-communities-grows-houston-portfolio-with-acquisition-of-anglia-homes_o. 
  26. ↑ Jeffrey, Jeff (August 5, 2024). "Colorado homebuilder acquires Houston company, 100-acre parcel for new Fulshear community". https://www.bizjournals.com/houston/news/2024/08/05/century-communities-buys-anglia-homes-local-land.html. 
  27. ↑ Wasik, Rebecca (March 4, 2025). "Chiles Ranch land sold to Century Communities Inc.". https://www.davisenterprise.com/news/chiles-ranch-land-sold-to-century-communities-inc/article_de7baec4-f956-11ef-b90a-a36e25a2980d.html. 



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