Century Communities, Inc. (NYSE: CCS) has announced the launch of Harvest Glen, a new 11‑floor‑plan community in Davis, California, located at 2411 E. 8th Street. The site sits within walking distance of UC Davis, local parks, shopping, and dining, and is only 15 miles from downtown Sacramento. The homes range from 2‑ to 4‑bedroom, 2‑ to 3‑bathroom configurations, with 2‑bay garages and a maximum size of 2,727 sq ft. Century will sell the homes exclusively through its industry‑first online home‑buying platform, allowing buyers to browse, finance, and purchase digitally.
Century Communities reported Q3 2025 earnings that beat analyst expectations, delivering earnings per share of $1.52 versus a consensus of $0.86—a $0.66 or 77% beat. The company’s revenue fell 13.8% year‑over‑year to $980.3 million, down from $1.1 billion in Q3 2024. The revenue decline was driven by a 26.7% drop in finished‑lot sales and a 15% reduction in incentive‑heavy inventory, reflecting a cautious buyer market and higher mortgage‑rate buydowns. The EPS beat was largely attributable to disciplined cost management: direct costs fell 4% while incentive spend rose 8%, allowing the company to maintain a 20.1% adjusted gross margin, up from 19.5% in Q2 2025.
Management guided for the full year 2025 to deliver 10,000 to 10,250 home deliveries and $3.8 billion to $3.9 billion in home‑sales revenue, a slight tightening from the prior guidance of $3.9 billion to $4.0 billion. The guidance reflects management’s view that demand will recover as mortgage rates ease, while the company remains cautious about inventory build‑out in a high‑cost environment. The company also reiterated its land‑light, spec‑model strategy, emphasizing that the new Harvest Glen community will help capture market share in Northern California’s high‑growth corridor.
Investors reacted to the earnings release with a focus on the revenue decline, which offset the EPS beat. Analysts noted that while the company’s cost controls and pricing power preserved margins, the 13.8% revenue drop signals a broader slowdown in the U.S. home‑building market. The market’s tempered response underscores the importance of balancing earnings strength against revenue trends when assessing the company’s near‑term prospects.
CEO Rob Francescon highlighted the company’s “strong balance sheet and record book value per share” and emphasized that the new community launch is part of a broader strategy to expand in key growth markets. Francescon noted that the online home‑buying platform “streamlines the purchase process and expands access to buyers who prefer digital transactions.” The company’s focus on affordable housing and its land‑light model positions it to capitalize on demand when the market recovers, while the Harvest Glen launch demonstrates its commitment to meeting buyer preferences in Northern California.
The Harvest Glen announcement, combined with the Q3 earnings beat and cautious full‑year guidance, signals that Century Communities is navigating a challenging market by tightening inventory, controlling costs, and leveraging digital sales channels. The company’s expansion into Davis, a high‑growth area, aligns with its strategy to capture market share in Northern California while maintaining a disciplined approach to development and financing.
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