Century Communities Reports Decline in Revenue and Net Income for Q2 and First Half of 2025

Century Communities, Inc. reported its financial results for the second quarter and first half of 2025, revealing a decline in both revenue and net income compared to the same periods in 2024. For the three months ended June 30, 2025, the company generated total revenues of $1.0 billion, a decrease from $1.04 billion in the prior year. Net income for the quarter was $34.9 million, or $1.14 per diluted share, down from $83.7 million, or $2.61 per diluted share, in the same quarter of 2024. For the six months ended June 30, 2025, total revenues were $1.9 billion, compared to $2.0 billion in 2024, with net income of $74.2 million, or $2.40 per diluted share, down from $148.1 million, or $4.60 per diluted share.

The company experienced a notable decline in home sales revenues, which totaled $976.5 million for the second quarter, down from $1.02 billion in the same period last year. The average sales price of homes delivered also decreased to $377,500 from $388,800 in the prior year. The number of homes delivered fell slightly to 2,587 from 2,617 in the previous year. Additionally, net new home contracts decreased by 8.4% for the quarter and 7.2% for the first half of the year, reflecting a slowdown in demand attributed to elevated mortgage rates and broader economic uncertainties.

In terms of operational developments, Century Communities has continued to manage its lot pipeline strategically, resulting in 68,701 lots owned and controlled as of June 30, 2025, a decrease from 80,632 lots at the end of 2024. The company also reported a significant increase in its revolving line of credit, which rose to $270 million from $135.5 million at the end of 2024, indicating a proactive approach to managing liquidity amid changing market conditions. The company’s Financial Services segment reported income before income tax expense of $6.2 million for the quarter, a 9.9% increase from the previous year, driven by the sale of mortgage servicing rights.

Looking ahead, Century Communities anticipates that the homebuilding market will remain influenced by macroeconomic factors, including interest rates and consumer confidence. The company plans to adapt its operating strategy in response to these conditions, although it acknowledges the uncertainty surrounding future demand for homes. The company has also increased its quarterly cash dividend to $0.29 per share, reflecting a commitment to returning value to shareholders despite the challenges faced in the current market environment.