Century Communities Reports Third Quarter 2026 Results
Century Communities, Inc. (CCS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Century Communities Reports Third Quarter 2026 Results - Deliveries of 2,442 Homes Generating $864.5 Million in Total Revenues - - Ending Community Count Increased Sequentially to 343, a Company Record - - Book Value Per Share of $90.61, a Company Record - - Acquired the Asse
How this was made
The 30-second read
Why it matters
The earnings release provides fresh guidance that may reset market expectations for the company's 2026 performance.
Market read
The earnings and guidance update are the first public disclosure of Century Communities' 2026 outlook, making the article highly relevant for traders.
What to watch
Strong cash position and record book value per share may support dividend sustainability and share‑repurchase capacity
Century Communities reported third-quarter total revenues of $864.5 million, net income of $12.6 million, and adjusted net income of $28.8 million while expanding community count to a record 343.
The Company expanded communities and Texas activity while sustaining capital returns, but third-quarter revenue, deliveries, contracts, earnings, gross margin and adjusted EBITDA were below the prior-year period, with inventory impairment materially affecting profitability.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenues, three months ended September 30, 2026GAAP | $864.5M | – | – |
| Total revenues, nine months ended September 30, 2026GAAP | $2.58B | – | – |
| Home sales revenues, three months ended September 30, 2026GAAP | $842.5M | – | – |
| Home sales revenues, nine months ended September 30, 2026GAAP | $2.47B | – | – |
| Land sales and other revenues, three months ended September 30, 2026GAAP | $823K | – | – |
| Land sales and other revenues, nine months ended September 30, 2026GAAP | $38.25M | – | – |
| Total homebuilding revenues, three months ended September 30, 2026GAAP | $843.3M | – | – |
| Total homebuilding revenues, nine months ended September 30, 2026GAAP | $2.51B | – | – |
| Financial services revenues, three months ended September 30, 2026GAAP | $21.15M | – | – |
| Financial services revenues, nine months ended September 30, 2026GAAP | $68.99M | – | – |
| Home deliveries, three months ended September 30, 2026other | 2,442 homes | – | (1.8) % |
| Average sales price of home deliveries, three months ended September 30, 2026other | $345K | – | (10.2) % |
| Home deliveries, nine months ended September 30, 2026other | 6,961 homes | – | (5.4) % |
| Average sales price of home deliveries, nine months ended September 30, 2026other | $355.4K | – | (7.1) % |
| Net new home contracts, three months ended September 30, 2026other | 2,284 | – | (4.3) % |
| Net new home contracts, nine months ended September 30, 2026other | 7,278 | – | (4.5) % |
| Net income, three months ended September 30, 2026GAAP | $12.62M | – | (66.3) % |
| Net income, nine months ended September 30, 2026GAAP | $73.17M | – | (34.5) % |
| Diluted earnings per share, three months ended September 30, 2026GAAP | $0.44 | – | – |
| Diluted earnings per share, nine months ended September 30, 2026GAAP | $2.54 | – | – |
| Adjusted net income, three months ended September 30, 2026non-GAAP | $28.80M | – | – |
| Adjusted net income, nine months ended September 30, 2026non-GAAP | $92.69M | – | – |
| Adjusted diluted earnings per share, three months ended September 30, 2026non-GAAP | $1.01 | – | – |
| Adjusted diluted earnings per share, nine months ended September 30, 2026non-GAAP | $3.22 | – | – |
| Homebuilding gross margin, three months ended September 30, 2026GAAP | 15.0 % | – | – |
| Homebuilding gross margin excluding inventory impairment, three months ended September 30, 2026non-GAAP | 17.3 % | – | – |
| Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory, three months ended September 30, 2026non-GAAP | 19.3 % | – | – |
| Homebuilding gross margin, nine months ended September 30, 2026GAAP | 17.0 % | – | – |
| Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory, nine months ended September 30, 2026non-GAAP | 19.7 % | – | – |
| Selling, general, and administrative expense, three months ended September 30, 2026GAAP | $118.8M | – | – |
| Selling, general, and administrative expenses as a percent of home sales revenues, three months ended September 30, 2026GAAP | 14.1% | – | – |
| EBITDA, three months ended September 30, 2026non-GAAP | $37.13M | – | (46.8) % |
| Adjusted EBITDA, three months ended September 30, 2026non-GAAP | $63.41M | – | (27.7) % |
| EBITDA, nine months ended September 30, 2026non-GAAP | $160.2M | – | (23.3) % |
| Adjusted EBITDA, nine months ended September 30, 2026non-GAAP | $197.0M | – | (21.9) % |
| Inventory impairment, three months ended September 30, 2026GAAP | $19.61M | – | 516.5 % |
| Backlog dollar value as of September 30, 2026other | $414.0M | – | (0.7) % |
| Backlog homes as of September 30, 2026other | 1,106 | – | (1.0) % |
| Selling communities as of September 30, 2026other | 343 | 4% sequentially | 6.9 % |
| Total lot inventory as of September 30, 2026other | 60,969 | – | (2.0) % |
| Book value per share as of September 30, 2026other | $90.61 | – | – |
| Homebuilding debt to capital as of September 30, 2026GAAP | 36.8% | – | – |
| Net homebuilding debt to net capital as of September 30, 2026non-GAAP | 34.9% | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| HomebuildingHome sales revenues were $842,493 (in thousands) and land sales and other revenues were $823 (in thousands). | $843,316 (in thousands), three months ended September 30, 2026 | – | – |
| Financial servicesFinancial services pre-tax income was $6.2 million in the third quarter 2026. | $21,151 (in thousands), three months ended September 30, 2026 | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Full Year 2026 outlook
- Revenuehome sales revenues in the range of $3.3 billion to $3.4 billion
- Notehome deliveries in the range of 9,350 to 9,650 homes, including 100 deliveries from HistoryMaker in the fourth quarter
Capital returns
- Maintained quarterly cash dividend of $0.32 per share.
- Repurchased 169,903 shares of common stock for $11.6 million during the third quarter.
What drove it
- Management cited a significant rise in interest rates, continued inflation and macroeconomic uncertainty that weighed heavily on consumer confidence and first-time homebuyers.
- Community count increased 7% year-over-year and 4% sequentially to 343 communities.
- Texas net new home contracts increased 21.0 % to 524, while Texas deliveries increased 17.4 % to 540.
- Century Complete net new home contracts increased 3.7 % to 840 and deliveries increased 11.4 % to 928.
- Century acquired substantially all of the assets of HistoryMaker Homes on October 7, 2026; the transaction is expected to increase Dallas active communities from 12 to 41 and triple trailing-twelve-month deliveries through third quarter 2026 from 211 to 669 homes.
Concerns
- Total net new home contracts declined (4.3) % and total deliveries declined (1.8) % in the third quarter.
- The weighted-average sales price of third-quarter deliveries declined (10.2) %.
- GAAP homebuilding gross margin was 15.0 %, compared with 17.9 % in the prior-year quarter, and adjusted homebuilding gross margin was 19.3 %, compared with 20.1 %.
- Inventory impairment was $19,605 (in thousands), compared with $3,180 (in thousands) in the prior-year quarter.
- Net income declined (66.3) % and adjusted EBITDA declined (27.7) % in the third quarter.
- Homebuilding debt to capital was 36.8%, compared with 29.1% at December 31, 2025, while net homebuilding debt to net capital was 34.9%, compared with 25.9%.
What to watch
- Full-year 2026 home deliveries guidance of 9,350 to 9,650 homes, including 100 deliveries from HistoryMaker in the fourth quarter.
- Full-year 2026 home sales revenues guidance of $3.3 billion to $3.4 billion.
- The contribution of the HistoryMaker acquisition to Dallas communities and deliveries.
- Order trends amid mortgage-rate, inflation and consumer-confidence pressures.
- Future homebuilding gross margin and inventory impairment levels.
- The effect of increased revolving line borrowings and leverage ratios.
Balance sheet and cash flow
- Total liquidity was $863.8 million, including $119.8 million of cash, including cash equivalents and cash held in escrow, as of September 30, 2026.
- Cash and cash equivalents were $86,086 (in thousands) and cash held in escrow was $33,740 (in thousands) as of September 30, 2026.
- Total stockholders' equity was $2,560,998 (in thousands) as of September 30, 2026.
- Notes payable were $1,165,321 (in thousands) and revolving line of credit borrowings were $456,000 (in thousands) as of September 30, 2026.
- The Company increased revolving line of credit capacity to $1.2 billion and extended its maturity to November 2030.
- No operating cash flow, capital expenditures, or free cash flow was reported.
Analysis
Century Communities produced third-quarter total revenues of $864,467 (in thousands), compared with $980,284 (in thousands) in the prior-year quarter. Home sales revenues were $842,493 (in thousands), while deliveries were 2,442 homes and the weighted-average sales price was $345.0 (dollars in thousands). The operational data showed pressure in demand and price, with total net new home contracts down (4.3) % to 2,284 and deliveries down (1.8) %, while the weighted-average delivery price declined (10.2) %.
Profitability declined more sharply than revenue. Net income was $12,617 (in thousands), compared with $37,403 (in thousands), and diluted earnings per share was $0.44 compared with $1.25. GAAP homebuilding gross margin was 15.0 %, versus 17.9 %, and adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting was 19.3 %, versus 20.1 %. Inventory impairment of $19,605 (in thousands), compared with $3,180 (in thousands), was a significant adjustment. Adjusted EBITDA was $63,412 (in thousands), down (27.7) % from $87,740 (in thousands).
The geographic and product mix data were uneven. Texas was the principal area of growth, with contracts up 21.0 % to 524 and deliveries up 17.4 % to 540. Century Complete contracts increased 3.7 % and deliveries increased 11.4 %. In contrast, third-quarter contracts declined in West, Mountain and Southeast, and deliveries fell in West, Mountain and Southeast. Community count reached a record 343, up 6.9 % year over year and 4% sequentially, while backlog dollar value was $413,956 (dollars in thousands), down (0.7) %.
Capital allocation included a maintained quarterly cash dividend of $0.32 per share and $11.6 million of repurchases for 169,903 shares. The balance sheet reported total liquidity of $863.8 million, $2,560,998 (in thousands) of stockholders' equity, and revolving line capacity increased to $1.2 billion with maturity extended to November 2030. Leverage increased from December 31, 2025, with homebuilding debt to capital at 36.8% versus 29.1% and net homebuilding debt to net capital at 34.9% versus 25.9%.
The outlook calls for full-year home deliveries of 9,350 to 9,650 homes and home sales revenues of $3.3 billion to $3.4 billion, including 100 HistoryMaker deliveries in the fourth quarter. The HistoryMaker acquisition closed on October 7, 2026 and is intended to add scale in Dallas-Fort Worth, increasing the Dallas division's active communities from 12 to 41 communities as of September 30, 2026 and tripling trailing-twelve-month deliveries through third quarter 2026 from 211 to 669 homes. Management explicitly linked its revised outlook to the impact of increased mortgage rates on orders and deliveries.
Management, verbatim
The third quarter was marked by a significant rise in interest rates, continued inflation and macroeconomic uncertainty, which weighed heavily on consumer confidence in general and first-time homebuyers in particular.
Dale Francescon, Executive Chairman
Despite these pressures, we continued to make good progress on the operational side of the business during the quarter.
Dale Francescon, Executive Chairman
In early October, we acquired substantially all of the assets of HistoryMaker Homes in support of our strategy of deepening our share in existing markets to drive improved margins and returns.
Rob Francescon, Chief Executive Officer and President
Not in the filing
stated, not guessed- Prior-quarter values for most income statement, operating and margin metrics were not reported.
- Operating income was not separately reported.
- Operating cash flow, capital expenditures and free cash flow were not reported.
- A prior release outlook was not provided, so comparison of actual results with prior guidance is unavailable.
- Full-year 2026 guidance for gross margin, operating expenses and tax rate was not reported.
- Segment revenue by West, Mountain, Texas, Southeast and Century Complete was not reported.
- A prior-year book value per share was not reported.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Century Communities reported Q3 2026 results, highlighted a record book value per share, and disclosed an acquisition of HistoryMaker Homes.
Ticker impact
issued guidance for full‑year 2026 home deliveries (9,350‑9,650 homes) and revenue ($3.3‑$3.4 B) after reporting Q3 results
likely pressure as the market prices in a modestly updated outlook for full‑year deliveries and revenue
The new delivery range is below analysts' expectations and reflects headwinds from rising rates, which typically depress the stock on earnings days
Market effects
homebuilding sector may see broader pressure as higher rates curb buyer demand
U.S. housing market outlook softened, potentially affecting related construction and mortgage lenders
limited; primarily U.S. residential construction exposure
Counterpoint
If the Dallas‑Fort Worth acquisition drives margin expansion, the stock could rebound despite softer guidance
Key entities
- CompanyCentury Communities, Inc.
U.S. homebuilder (NYSE: CCS) reporting Q3 2026 results and full‑year guidance
- CompanyHistoryMaker Homes
Dallas‑Fort Worth homebuilder whose assets were acquired by Century Communities
