Century Communities Launches Two-Story Homes Starting at $500K in Yelm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Newsfilter
- Community Opening: Century Communities will hold a ribbon-cutting ceremony for Willow Glenn in Yelm, WA, on January 9, marking a strategic expansion at the start of the New Year, which is expected to attract a significant number of homebuyers.
- Home Features: The new community offers modern two-story homes starting at $500,000, with sizes ranging from 1,797 to 2,745 square feet, catering to diverse family needs and likely increasing the company's market share in the region.
- Community Amenities: Willow Glenn will feature a community playground and scenic views of Mt. Rainier, enhancing the project's appeal while providing an ideal living environment for families, thereby boosting sales potential.
- Online Homebuying Experience: Century Communities has launched an industry-first online homebuying experience, streamlining the purchasing process, which is expected to attract more young buyers, enhance customer satisfaction, and drive sales growth.
Analyst Views on CCS
Wall Street analysts forecast CCS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCS is 73.00 USD with a low forecast of 62.00 USD and a high forecast of 84.00 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.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 57.670
Low
62.00
Averages
73.00
High
84.00
Current: 57.670
Low
62.00
Averages
73.00
High
84.00
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.
