8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________

FORM 8-K

____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2021

____________________

CENTURY COMMUNITIES, INC.

(Exact name of registrant as specified in its charter)

____________________

Delaware

(State or Other Jurisdiction of Incorporation)

001-36491		68-0521411
(Commission File Number)		(I.R.S. Employer Identification Number)
8390 East Crescent Parkway, Suite 650 ‎Greenwood Village, Colorado	80111
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (303) 770-8300

____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol	Name of each exchange on which registered
Common stock, par value $0.01 per share		CCS	New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933, as amended, or Rule 12b-2 of the Securities Exchange Act of 1934, as amended.
	Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition

On April 28, 2021, Century Communities, Inc. (the “Company”) issued a press release announcing its results of operations and financial condition as of and for the three months ended March 31, 2021. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K (including Exhibit 99.1) is being “furnished” in accordance with General Instruction B.2 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be incorporated by reference into any registration statement or any other document filed pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.

As discussed therein, the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to the Company’s current expectations and are subject to the limitations and qualifications set forth in the press release as well as in the Company’s other documents filed with the U.S. Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release, dated April 28, 2021, announcing Century Communities, Inc.’s results of operations and financial condition as of and for the three months ended March 31, 2021.
104	The cover page from this current report on Form 8-K, formatted in Inline XBRL.

‎

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 28, 2021	CENTURY COMMUNITIES, INC.
	By:	/s/ David Messenger
		David Messenger
		Chief Financial Officer

EX-99.1

Century Communities Reports Record First Quarter 2021 Results

- Net Income Increased 289% to a Company Record $101.7 Million or $3.00 Per Diluted Share -

- Total Revenues Increased 67%  to a Company Record $1.0 Billion -

- Home Deliveries Increased 50% to a First Quarter Record 2,797 Homes -

- Record Net New Home Contracts Increased 45% to 3,455 Homes -

- Increased 2021 Outlook for Revenue and Deliveries  -

Greenwood Village, Colorado (April  28, 2021) – Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, today announced financial results for its first quarter ended March  31,  2021.

First Quarter 2021Highlights Compared to First Quarter 2020

· Net income increased 289% to a Companyrecord $101.7 million or $3.00per diluted share

· Home sales revenues increased 67% to a Companyrecord$959.3 million

· Home deliveries increased 50% to a first quarter record of 2,797 homes

· Net new home contracts increased 45% to a Company record 3,455 homes

· Homes in backlog improved 58%  to a  Company record 4,097 homes with a value of $1.6  billion

· Pre-tax income improved 284% to a Company record $131.0 million

· EBITDA increased 198% to a Company record $152.1million

· Net homebuilding debt to net capital improved to 19.9% from 46.6%

· Quarter end total liquidity of $1.2billion

Dale Francescon, Chairman and Co-Chief Executive Officer, stated,  “Our first quarter reflects anoutstanding start to the year in which we generated over $1.0 billion in total revenues, our highest quarterly net sales ever, a 284% increase in pre-tax income and a Company record $152 million in EBITDA. The positive momentum we are experiencing demonstrates burgeoning demand for our affordable, new homes, driven by favorable demographics,tight resale supply and low interest rates, while underscoring the strength of our competitive positioning and national footprint across 28high-growth markets. Our recent results exhibit our success in delivering improved operational efficiencies as we achieved a 340 basis point expansion in first quarter homebuilding gross margins and attained a low-water mark for SG&A as a percent of home sales revenue, improving to 9.6%, resulting in a 13.0% pre-tax margin.”

Rob Francescon, Co-Chief Executive Officer and President,  said,  “Our expanded margins and increased profitability validate the success of our long-term strategy as we build upon our solid foundationto fuel Century’s continued growth within this robust housing cycle. We ended the first quarter with our highest backlog ever of 4,097 homes valued at $1.6 billion, respective year-over-year increases of 58% and 83%. We further expanded our land pipeline to 57,536 lots while increasing the percentage of controlled lots to 64%, in keeping with our land-light operating strategy. Our commitment to reduce leverage resulted in a net homebuilding debt to net capital ratio of 19.9%, down significantly from 46.6% in the prior year quarter. We remain focused on delivering strong returns to our shareholders as we benefit from an exceptional demand environment, a trend we feel confident will propel our performance throughout the balance of the year.”

First Quarter 2021 Results

Net income for the first quarter 2021 increased 289% to $101.7 million, or $3.00 per diluted share as compared to $26.1 million or $0.78 per diluted share for the prior year quarter. Pre-tax income was $131.0 million, representing a 13.0% margin, as compared to $34.1 million and a  5.7% margin in the prior year quarter.

Home sales revenues for the first quarter 2021 increased 67% to $959.3 million, compared to $572.7 million for the prior year quarter. The growth in home sales revenues was primarily due to a 50% increase in deliveries to 2,797 homes compared to 1,864 homes for the prior year quarter. Average sales price of home deliveries for the first quarter 2021was  $343,000, compared to $307,200 in the prior year quarter, primarily due toincreased demand and home price appreciation  across our markets.

Homebuilding gross margin percentage in the first quarter 2021 was 21.1%, as compared to 17.7% in the prior year quarter. Adjusted homebuilding gross margin percentage, excluding interest, was 23.1% in the first quarter of 2021, as compared to 20.2% in the prior year quarter.SG&A as a percent of home sales revenues improved 330 basis points to 9.6%, compared to 12.9% in the prior year quarter.

Net new home contracts in the first quarter 2021 increased 45% to 3,455 homes, compared to2,388 homes in the prior year quarter. At the end of the first quarter 2021, the Company had 4,097 homes in backlog, representing a record $1.6  billion of backlog dollar value, year-over-year increases of 58% and 83%, respectively.

Financial services revenues increased to $33.6 million compared to $9.8 million in the prior year quarter, and financial services pretax income increased to $15.3 million from $0.2 million.

Strengthened Balance Sheet and Liquidity

The Company ended the quarter with a strong financial position including $1.4 billion of stockholders’ equity, $557.1 million of cash and $1.2billion of total liquidity.

As of March 31, 2021, net homebuilding debt to net capital decreased to 19.9%, a reduction of 2,670 basis points from 46.6% in the prior year quarter and a furthersequential reduction of 730 basis points from 27.2%  at the end ofthe fourth quarter 2020.

Full Year 2021 Outlook

David Messenger, Chief Financial Officer, stated,  “Due to improved sales, deliveries and home price appreciation throughout the first four months of the year, we are increasing our full year revenue guidance to be in the range of $3.7 billion to $4.0 billion and home deliveriesto be in the range of 10,750 to 11,750.”

Conference Call

The Company will host a webcast and conference call on Wednesday,  April 28, 2021 at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company’s first quarter 2021 results, discuss recent events and conduct a question-and-answer period. To participate in the call, please dial 877-451-6152 (domestic) or 201-389-0879 (international). The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through May 28, 2021, by dialing 844-512-2921 (domestic) or 412-317-6671 (international) and entering the pass code 13717683. A replay of the webcast will be available on the Company’s website.

About Century Communities:

Century Communities, Inc. (NYSE: CCS) is a top 10 national homebuilder. Offering new homes under the Century Communities and Century Complete brands, Century is engaged in all aspects of homebuilding — including the

acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Colorado-based company operates in 17 states across the U.S., and offers title, insurance and lending services in select markets through its Parkway Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.

Non-GAAP Financial Measures

In addition to the Company’s operating results presented in accordance with generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: Adjusted Net Income, Adjusted Diluted Earnings per Common Share (Adjusted Diluted EPS), Adjusted Homebuilding Gross Margin, Adjusted EBITDA, and Ratio of Homebuilding Net Debt to Net Capital. These non-GAAP financial measures should not be used as a substitute for the Company’s operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “continue,” “will,” “may,” “potential,” “looking ahead,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company’s operating and financial guidance for 2021. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statement: adverse changes in general economic conditions, the potential impact of COVID-19 on the Company’s business, industry and broader economy, the ability to identify and acquire desirable land, availability of financing, the effect of interest rate and tax changes, reliance on contractors, and the other factors included in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.

Century Communities, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

(in thousands, except share and per share amounts)

	Three Months Ended March 31,
	2021		2020
Revenues
Home sales revenues	$	959,279	$	572,710
Land sales and other revenues		15,670		20,104
Total homebuilding revenues		974,949		592,814
Financial services revenues		33,620		9,795
Total revenues		1,008,569		602,609
Homebuilding Cost of Revenues
Cost of home sales revenues		(756,507)		(470,526)
Cost of land sales and other revenues		(10,020)		(14,167)
Total homebuilding cost of revenues		(766,527)		(484,693)
Financial services costs		(18,301)		(9,586)
Selling, general, and administrative		(92,151)		(73,619)
Inventory impairment and other		—		(781)
Other income (expense)		(541)		158
Income before income tax expense		131,049		34,088
Income tax expense		(29,397)		(7,962)
Net income	$	101,652	$	26,126
Earnings per share:
Basic	$	3.03	$	0.79
Diluted	$	3.00	$	0.78
Weighted average common shares outstanding:
Basic		33,563,903		33,207,928
Diluted		33,884,275		33,476,444

Century Communities, Inc.

Condensed Consolidated Balance Sheets

(in thousands, except share amounts)

	March 31,		December 31,
	2021		2020
Assets	(unaudited)		(audited)
Cash and cash equivalents	$	502,906	$	394,001
Cash held in escrow		54,220		23,149
Accounts receivable		24,856		21,781
Inventories		1,853,199		1,929,664
Mortgage loans held for sale		303,414		282,639
Prepaid expenses and other assets		139,300		122,630
Property and equipment, net		28,181		28,384
Deferred tax assets, net		15,213		12,450
Goodwill		30,395		30,395
Total assets	$	2,951,684	$	2,845,093
Liabilities and stockholders' equity
Liabilities:
Accounts payable	$	84,179	$	107,712
Accrued expenses and other liabilities		311,508		302,751
Notes payable		897,778		894,875
Revolving line of credit		—		—
Mortgage repurchase facilities		285,050		259,050
Total liabilities		1,578,515		1,564,388
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding		—		—
Common stock, $0.01 par value, 100,000,000 shares authorized, 33,708,286 and 33,350,633 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively		337		334
Additional paid-in capital		688,009		697,200
Retained earnings		684,823		583,171
Total stockholders' equity		1,373,169		1,280,705
Total liabilities and stockholders' equity	$	2,951,684	$	2,845,093

Century Communities, Inc.

Homebuilding Operational Data

(Unaudited)

Net New Home Contracts

	Three Months Ended
	March 31,
	2021	2020	% Change
West	394	336	17.3	%
Mountain	947	614	54.2	%
Texas	518	333	55.6	%
Southeast	476	516	(7.8)	%
Century Complete	1,120	589	90.2	%
Total	3,455	2,388	44.7	%

Home Deliveries

(dollars in thousands)

	Three Months Ended March 31,
	2021			2020			% Change
	Homes	Average Sales Price		Homes	Average Sales Price		Homes		Average Sales Price
West	319	$	582.4	233	$	543.2	36.9	%	7.2	%
Mountain	685	$	423.5	396	$	395.3	73.0	%	7.1	%
Texas	328	$	267.5	244	$	246.5	34.4	%	8.5	%
Southeast	568	$	387.5	368	$	357.1	54.3	%	8.5	%
Century Complete	897	$	195.8	623	$	157.4	44.0	%	24.4	%
Total / Weighted Average	2,797	$	343.0	1,864	$	307.2	50.1	%	11.7	%

Century Communities, Inc.

Homebuilding Operational Data

(Unaudited)

Selling Communities

Selling communities at period end	As of March 31,		Increase/(Decrease)
	2021	2020	Amount	% Change
West	19	21	(2)	(9.5)	%
Mountain	39	38	1	2.6	%
Texas	13	26	(13)	(50.0)	%
Southeast	20	41	(21)	(51.2)	%
Century Complete	97	102	(5)	(4.9)
Total	188	228	(40)	(17.5)	%

N/A – Not applicable

Backlog

(dollars in thousands)

	As of March 31,
	2021					2020					% Change
	Homes	Dollar Value		Average Sales Price		Homes	Dollar Value		Average Sales Price		Homes		Dollar Value		Average Sales Price
West	561	$	342,688	$	610.9	305	$	158,853	$	520.8	83.9	%	115.7	%	17.3	%
Mountain	1,051		520,004	$	494.8	591		251,199	$	425.0	77.8	%	107.0	%	16.4	%
Texas	575		187,594	$	326.3	364		98,767	$	271.3	58.0	%	89.9	%	20.3	%
Southeast	709		279,904	$	394.8	661		239,012	$	361.6	7.3	%	17.1	%	9.2	%
Century Complete	1,201		249,409	$	207.7	673		113,285	$	168.3	78.5	%	120.2	%	23.4	%
Total / Weighted Average	4,097	$	1,579,599	$	385.6	2,594	$	861,116	$	332.0	57.9	%	83.4	%	16.1	%

Lot Inventory

	As of March 31, 2021,
	2021			2020			% Change
	Owned	Controlled	Total	Owned	Controlled	Total	Owned		Controlled		Total
West	3,127	4,952	8,079	3,243	1,340	4,583	(3.6)	%	269.6	%	76.3	%
Mountain	7,721	7,954	15,675	6,983	4,552	11,535	10.6	%	74.7	%	35.9	%
Texas	3,070	6,322	9,392	3,066	2,075	5,141	0.1	%	204.7	%	82.7	%
Southeast	2,701	8,886	11,587	4,200	3,062	7,262	(35.7)	%	190.2	%	59.6	%
Century Complete	3,887	8,916	12,803	3,360	3,950	7,310	15.7	%	125.7	%	75.1	%
Total	20,506	37,030	57,536	20,852	14,979	35,831	(1.7)	%	147.2	%	60.6	%

Century Communities, Inc.

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Adjusted Net Income and Adjusted Diluted Earnings per Common Share (Adjusted Diluted EPS) are non-GAAP financial measures that we believe are useful to management, investors and other users of the Company’s financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believes excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. Adjusted Diluted EPS is calculated by excluding the effect of loss on inventory impairment andrestructuring costs from the calculation of reported EPS.  

Adjusted Net Income and Adjusted Diluted Earnings Per Common Share

(in thousands, except share and per share amounts)

	Three Months Ended
	March 31,
	2021		2020
Numerator
Net income	$	101,652	$	26,126
Denominator
Weighted average common shares outstanding - basic		33,563,903		33,207,928
Dilutive effect of restricted stock units		320,372		268,516
Weighted average common shares outstanding - diluted		33,884,275		33,476,444
Earnings per share:
Basic	$	3.03	$	0.79
Diluted	$	3.00	$	0.78
Adjusted earnings per share
Numerator
Income before income tax expense	$	131,049	$	34,088
Inventory impairment and other		—		781
Adjusted income before income tax expense		131,049		34,869
Adjusted income tax expense(1)		(29,397)		(8,144)
Adjusted net income		101,652		26,725
Denominator - Diluted		33,884,275		33,476,444
Adjusted diluted earnings per share	$	3.00	$	0.80

⁽¹⁾ The tax rate used in calculating adjusted net income for the three months ended March 31, 2021 and March 31, 2020 was our GAAP tax rate of 22.4% and 23.4%, respectively.

Century Communities, Inc.

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Adjusted homebuilding gross margin excluding impairment, interest and purchase price accounting for acquired work in process inventory is not a measurement of financial performance under United States generally accepted accounting principles; however, the Company’s management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness and acquisitions have on homebuilding gross margin and permits the Company’s stockholders to make better comparisons with the Company’s competitors, who adjust gross margins in a similar fashion.  This non-GAAP financial measure should not be used as a substitute for the Company’s operating results.  An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

Adjusted Homebuilding Gross Margin

(in thousands)

	Three Months Ended March 31,
	2021		%		2020		%
Home sales revenues	$	959,279	100.0	%	$	572,710	100.0	%
Cost of home sales revenues		(756,507)	(78.9)	%		(470,526)	(82.2)	%
Inventory impairment and other		—	—	%		(781)	(0.1)	%
Gross margin from home sales		202,772	21.1	%		101,403	17.7	%
Add: Inventory impairment and other		—	—	%		781	0.1	%
Add: Interest in cost of home sales revenues		18,377	1.9	%		13,685	2.4	%
Adjusted homebuilding gross margin excluding interest and inventory impairment and other		221,149	23.1	%		115,869	20.2	%

Century Communities, Inc.

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Adjusted EBITDA

Adjusted EBITDA is a non-GAAP financial measure we use as a supplemental measure in evaluating operating performance. The Company defines adjusted EBITDA as consolidated net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense, (iv) loss on debt extinguishment, (v) inventory impairment and other, (vi) depreciation and amortization expense, and (vii) adjustments resulting from the application of purchase accounting for acquired work in process inventory related to business combinations. The Company believes adjusted EBITDA provides an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company’s management believes that this measurement is useful for comparing general operating performance from period to period. Adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The Company’s presentation of adjusted EBITDA should not be construed as an indication that its future results will be unaffected by unusual or non-recurring items. Adjusted EBITDA is limited as an analytical tool and should not be considered in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.  

(in thousands)

	Three Months Ended March 31,
	2021		2020		% Change
Net income	$	101,652	$	26,126		289.1	%
Income tax expense		29,397		7,962		269.2	%
Interest in cost of home sales revenues		18,377		13,685		34.3	%
Interest expense (income)		(111)		(163)		(31.9)	%
Depreciation and amortization expense		2,806		3,415		(17.8)	%
EBITDA		152,121		51,025		198.1	%
Inventory impairment and other		—		781		NM
Adjusted EBITDA	$	152,121	$	51,806		193.6	%

NM – Not Meaningful

Century Communities, Inc.

Reconciliation of Non-GAAP Financial Measures

(Unaudited)

Ratio of Net Homebuilding Debt to Net Capital

The following table presents the Company’s ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure.  The Company calculates this by dividing net homebuilding debt (senior notes payable and revolving line of credit less cash and cash equivalents and cash held in escrow) by net capital (net homebuilding debt plus total stockholders’ equity). The most directly comparable GAAP measure is the ratio of debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company’s ability to obtain external financing.

(in thousands)

	March 31,		December 31,
	2021		2020
Total homebuilding debt	$	897,778	$	894,875
Total stockholders' equity		1,373,169		1,280,705
Total capital	$	2,270,947	$	2,175,580
Homebuilding debt to capital		39.5%		41.1%
Total homebuilding debt	$	897,778	$	894,875
Cash and cash equivalents		(502,906)		(394,001)
Cash held in escrow		(54,220)		(23,149)
Net homebuilding debt		340,652		477,725
Total stockholders' equity		1,373,169		1,280,705
Net capital	$	1,713,821	$	1,758,430
Net homebuilding debt to net capital		19.9%		27.2%

Contact Information:

Hunter Wells, Vice President of Investor Relations

719-426-3520

Hunter.Wells@CenturyCommunities.com

Category:
Earnings

XML

Document And Entity Information	Apr. 28, 2021
Document and Entity Information [Abstract]
Document Type	8-K
Document Period End Date	Apr. 28, 2021
Entity Registrant Name	CENTURY COMMUNITIES, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-36491
Entity Tax Identification Number	68-0521411
Entity Address, Address Line One	8390 East Crescent Parkway
Entity Address, Address Line Two	Suite 650
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	303
Local Phone Number	770-8300
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	CCS
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0001576940
Amendment Flag	false