Century Communities, Inc. reported second-quarter 2026 results with revenue of $927.2M, down from $1000.7M a year earlier, while net income rose to $36.1M and diluted earnings per share increased to $1.26.
Financial Highlights
- Revenue was $927.2M for Q2 2026, compared with $1,000.7M in the year‑ago quarter; YoY change (7.4%).
- Net income was $36.1M for Q2 2026, compared with $34.9M in the year‑ago quarter; YoY change 3.7%.
- Diluted EPS was $1.26 for Q2 2026, compared with $1.14 in the year‑ago quarter; YoY change 10.5%.
Business Highlights
- Homebuilding revenues and deliveries softened year over year; the company delivered 4,519 homes in H1 2026 at an average price of about $361K, citing weaker demand and increased incentives.
- Financial Services improved profitability and originations shifted toward adjustable‑rate mortgages, which accounted for roughly 35% of originated volume in Q2 2026, providing alternative financing for buyers.
- Century maintained focus on affordable, move‑in‑ready products under its Century Complete and Century Communities brands, with approximately 96% of deliveries under FHA limits.
- Operationally, the company kept a roughly 3–4 month construction cycle and managed an active lot pipeline with about 60,128 lots owned or controlled, balancing owned versus optioned lots.
- To support absorption amid higher mortgage rates and affordability pressures, Century increased use of price concessions, options, financing incentives and buydowns.
Original SEC Filing:
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