NEW BRAUNFELS, Texas - Century Communities (NYSE:CCS), Inc., a top-ranked national homebuilder, has opened sales for its Park Place community in New Braunfels, Texas, with prices starting from the high $200s. The company, known for its online home sales, will celebrate the opening with a ribbon-cutting event on April 2, which will include food, tours of model homes, and more.
Park Place features a selection of 10 single- and two-story homes, offering 3 to 4 bedrooms, 2 to 3 bathrooms, and 2-bay garages, with sizes ranging from 1,388 to 2,394 square feet. Some homes include modern amenities such as shaker-style kitchen cabinets, ample storage, smart home technology, 42" cabinets, and quartz countertops.
The community's location is a key selling point, providing residents with convenient access to downtown New Braunfels, Seguin, and attractions such as ZDT's Amusement Park and Schlitterbahn Waterpark New Braunfels. It is also within commuting distance to San Antonio's employment and entertainment centers, being only 34 miles away.
Century Communities has made a significant push in the online homebuying market, allowing customers to shop for homes, submit an initial deposit, and sign a purchase contract electronically through its website. This service aims to streamline the homebuying process for consumers in Texas.
Eric Runge, San Antonio Division President of Century Communities, expressed enthusiasm for the Park Place community, citing its prime location and attractive floor plans as significant draws for potential buyers. He encouraged interested parties to explore the available quick move-in homes ahead of the ribbon-cutting ceremony.
Century Communities, Inc. is listed on the New York Stock Exchange under the ticker NYSE:CCS and is recognized as one of the nation's largest homebuilders. It prides itself on building high-quality, affordable homes and operates in 18 states across the U.S. The company also provides title, insurance, and lending services through its subsidiaries.
The information for this report is based on a press release statement from Century Communities, Inc.
InvestingPro Insights
As Century Communities, Inc. (NYSE:CCS) gears up for the grand opening of its Park Place community in New Braunfels, Texas, the company's financial health and market performance provide an important backdrop for potential investors and homebuyers alike. With a market cap of approximately $2.98 billion and a robust price-to-earnings (P/E) ratio of 11.57, CCS showcases a balance of value and profitability. The company's commitment to shareholder returns is evident, with a dividend yield of 1.12% and a notable 30.0% dividend growth in the last twelve months as of Q4 2023.
Delving into the company's stock performance, CCS has seen a substantial price total return of 53.47% over the past year, demonstrating strong market confidence. This aligns with one of the InvestingPro Tips, which highlights that Century Communities has experienced a high return over the last year. Additionally, the company is trading near its 52-week high, at 97.59% of the peak price, indicating sustained investor interest.
InvestingPro Tips also reveal that analysts are optimistic about CCS's financial future, with two analysts having revised their earnings upwards for the upcoming period. This suggests a positive outlook on the company's earnings potential, which may be of particular interest to investors considering the current and future position of CCS in the market. For those seeking more comprehensive insights, there are an additional 10 InvestingPro Tips available, which can be accessed through the InvestingPro platform. Homebuyers and investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing them with a more informed perspective as they explore opportunities with Century Communities.
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