Century Communities Reports Q2 2026 Revenue Decline to $927.2 Million

Century Communities, Inc. reported its financial results for the second quarter of 2026, revealing a total revenue of $927.2 million, a decrease of 7.3% from $1 billion in the same period last year. For the first half of 2026, revenues totaled $1.72 billion, down from $1.90 billion in the prior year. The company's net income for the second quarter was $36.1 million, or $1.26 per diluted share, compared to $34.9 million, or $1.14 per diluted share, in the same quarter of 2025. For the six months ended June 30, 2026, net income was $60.6 million, or $2.09 per diluted share, down from $74.2 million, or $2.40 per diluted share, in the previous year.

The company experienced a decline in home sales revenues, which fell to $897.5 million in the second quarter from $976.5 million a year earlier. The average sales price of new homes delivered decreased by 5.1% to $358,200, attributed to increased use of sales incentives amid challenging market conditions. Home deliveries also decreased, with 2,506 homes delivered in the second quarter, down from 2,587 in the prior year. Despite these challenges, net new home contracts increased by 2.7% to 2,615 in the second quarter, although they decreased by 4.7% to 4,994 for the first half of the year.

In terms of operational developments, Century Communities reported a total of 60,128 lots owned and controlled as of June 30, 2026, a slight decrease from 60,916 at the end of 2025. The company continues to manage its lot pipeline strategically, balancing owned and controlled lots to adapt to market conditions. The Financial Services segment also showed improvement, generating $9.9 million in income before income tax expense for the second quarter, up from $6.2 million in the prior year, driven by favorable fair value adjustments related to the locked loan pipeline.

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 continue adapting its operating strategy in response to these conditions. As of June 30, 2026, the company had $92.3 million in cash and cash equivalents, with $329.6 million outstanding under its revolving line of credit, reflecting a significant increase from $51.5 million at the end of 2025. The company remains committed to returning capital to shareholders, having repurchased nearly 970,000 shares in the first half of 2026 and maintaining a quarterly dividend of $0.32 per share, a 10% increase from the previous year.