Century Communities Launches New Homes Starting from Mid $500s Near Charlotte
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- New Community Launch: Century Communities has unveiled the Stonemill community in Monroe, North Carolina, with homes starting from the mid $500s, which is expected to attract a significant number of buyers and reinforce its leadership in online home sales.
- Grand Opening Event: The model home grand opening is scheduled for January 21, featuring a ribbon-cutting ceremony that is anticipated to draw potential buyers to tour the newly decorated Daffodil model, showcasing modern design and flexible layouts.
- Home Features: Stonemill offers homesites over 1 acre with floor plans up to 3,518 square feet, equipped with modern open layouts and high-end features such as stainless-steel appliances and 9-foot main-floor ceilings, designed to cater to family entertainment needs.
- Online Homebuying Experience: Century Communities has introduced the industry's first online homebuying experience, allowing all available homes in North Carolina to be purchased online, which is expected to enhance purchasing convenience and attract more young homebuyers.
Analyst Views on CCS
Wall Street analysts forecast CCS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCS is 56.00 USD with a low forecast of 56.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 67.850
Low
56.00
Averages
56.00
High
56.00
Current: 67.850
Low
56.00
Averages
56.00
High
56.00
About CCS
Century Communities, Inc. is a homebuilder that specializes in online home sales. It is engaged in all aspects of homebuilding - including the acquisition, entitlement and development of land, along with the construction, marketing and sale of homes designed to appeal to a range of homebuyers. It builds and sells homes under its Century Communities and Century Complete brands. Its homebuilding operations are organized into five reportable segments: West, Mountain, Texas, Southeast and Century Complete. Its indirect wholly owned subsidiaries, Inspire Home Loans Inc., Parkway Title, LLC, IHL Home Insurance Agency, LLC, and IHL Escrow Inc., which provide mortgage, title, insurance brokerage and escrow services, respectively, primarily to its homebuyers, have been identified as its Financial Services segment. Additionally, its Century Living segment is engaged in the development, construction, management, and disposition of multi-family rental properties, currently all located in Colorado.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
