Century Communities Expects to Deliver 9,350 to 9,650 Homes in 2026
Key Facts
Century Communities expects to deliver 9,350 to 9,650 homes in 2026, with home sales revenue of between 3.3 billion and 3.4 billion dollars, according to its third-quarter results statement published via Nasdaq. The delivery range includes 100 homes from HistoryMaker Homes in the fourth quarter. The company said higher mortgage rates affected orders and deliveries, the factor it cited in linking those trends to its revised outlook. The annual guidance comes as third-quarter results showed lower revenue and net income than in the same period last year. The company also recorded declines in new contracts and average selling price, despite its number of residential communities reaching a record.
Total revenue was 864.5 million dollars in the third quarter of 2026, compared with 980.3 million dollars in the same quarter of 2025, according to the company statement. Home sales revenue fell to 842.5 million dollars from 955.2 million dollars. Net income declined to 12.6 million dollars from 37.4 million dollars a year earlier. Adjusted net income was 28.8 million dollars, or 1.01 dollars per diluted share, compared with 45.7 million dollars and 1.52 dollars per share in the prior-year quarter. The results put quarterly revenue and earnings on a weaker path than last year, alongside lower average selling prices and fewer new contracts.
Century Communities delivered 2,442 homes in the third quarter, compared with 2,486 homes in the same period of 2025, according to company data. The average selling price fell to 345,000 dollars from 384,200 dollars. The company also recorded 2,284 net new home sales contracts, down 4.3% from 2,386 a year earlier. The company said higher interest rates, persistent inflation and economic uncertainty had weakened consumer confidence, particularly among first-time homebuyers. In its statement, it described these factors as having "weighed heavily on consumer confidence overall and first-time homebuyers in particular."
By contrast, the number of residential communities managed by the company rose to a record 343 at the end of the third quarter. Century said the count was up 7% year over year and 4% from the previous quarter. Book value per share was 90.61 dollars on September 30, 2026, a company record. The homebuilding gross profit margin was 15.0%, or 17.3% excluding inventory impairment, while selling, general and administrative expenses were 14.1% of home sales revenue. The company maintained a quarterly cash dividend of 0.32 dollars per share and repurchased 169,903 shares for 11.6 million dollars during the quarter.
Century completed the acquisition of most of HistoryMaker Homes' assets on October 7, 2026. Founded in 1949, HistoryMaker builds homes exclusively in the Dallas-Fort Worth area. The company said the deal will increase the number of active communities in its Dallas division from 12 to 41, based on figures through September 30, 2026. It will also raise the division's trailing 12-month deliveries from 211 to 669 homes through the third quarter of 2026. Century said it will maintain an ongoing land relationship with HistoryMaker's affiliated land development company for current and future communities in the area. HistoryMaker deliveries of 100 homes are included in Century's fourth-quarter delivery guidance, the company said.
The company's total liquidity was 863.8 million dollars on September 30, 2026, including 119.8 million dollars in cash, cash equivalents and restricted cash, according to the results statement. Century also increased its revolving credit facility capacity to 1.2 billion dollars and extended its maturity to November 2030. In share performance, EL7 data showed CCS closing at 56.69 dollars on October 28, 2026. An Investing.com report published the same day said the stock had fallen 15.59% over three months and 7.42% over 12 months. The results statement had scheduled a review of the third-quarter figures and management commentary in a webcast and investor call on October 28, 2026, at 5:00 p.m. Eastern Time.