Century Communities Reports 2026 Delivery Outlook

The Tip Desk · November 8, 2026 · 3 min read

The homebuilder now expects 9,350 to 9,650 full-year deliveries after third-quarter net income of $12.6 million, or $0.44 a share.

Century Communities (CCS) reported net income of $12.6 million, or $0.44 a share, for the third quarter ended September 30, 2026, amid rising interest rates, continued inflation and macroeconomic uncertainty.

The company said it now expects full-year 2026 home deliveries of 9,350 to 9,650 homes, including 100 from HistoryMaker Homes in the fourth quarter, and home sales revenues of $3.3 billion to $3.4 billion.

Total revenues were $864.5 million. Home sales revenues were $842.5 million. Deliveries totaled 2,442 homes, down from 2,506 in the second quarter. The average sales price of home deliveries was $345,000.

Net new home contracts were 2,284, down from 2,615 in the second quarter. Backlog ended the quarter at 1,106 homes and $414.0 million.

GAAP homebuilding gross margin was 15.0%, inclusive of $19.6 million of inventory impairment charges. Homebuilding gross margin excluding inventory impairment was 17.3%. Adjusted homebuilding gross margin, excluding interest, purchase price accounting and inventory impairment, was 19.3%.

Adjusted net income was $28.8 million, or $1.01 a share. Adjusted EBITDA was $63.4 million; EBITDA was $37.1 million. Selling, general and administrative expenses were 14.1% of home sales revenues. Financial services revenues were $21.2 million, with pre-tax income of $6.2 million.

Executive Chairman Dale Francescon said the quarter was marked by a significant rise in interest rates, continued inflation and macroeconomic uncertainty that weighed on consumer confidence in general and first-time homebuyers in particular. He said the company grew its ending community count 7% year-over-year and 4% sequentially to a record 343 communities, and that direct construction costs, finished lot costs and fixed G&A excluding advertising all decreased versus the prior quarter.

Chief Executive Officer Rob Francescon said the company acquired substantially all of the assets of HistoryMaker Homes on October 7, 2026, to deepen its share in existing markets. HistoryMaker, founded in 1949 and Texas’ longest-standing production homebuilder, builds exclusively in the Dallas-Fort Worth metroplex. The company said the transaction would increase Century’s Dallas division’s active communities from 12 to 41 as of September 30, 2026, and triple trailing-twelve-month deliveries from 211 to 669 homes through the third quarter. Century will also maintain an ongoing land relationship with HistoryMaker’s sister land development company.

The company ended the quarter with $2.6 billion of stockholders’ equity and $863.8 million of total liquidity, including $119.8 million of cash, cash equivalents and cash held in escrow. It amended its revolving line of credit at quarter-end, increasing capacity to $1.2 billion and extending maturity to November 2030. Book value per share was $90.61, a company record. Homebuilding debt to capital was 36.8%; net homebuilding debt to net capital was 34.9%.

Century maintained its quarterly cash dividend of $0.32 a share and repurchased 169,903 shares for $11.6 million.