Century Communities Reports Q3 2026 Results Amid Rising Interest Rates and Lowered Guidance
Century Communities (CCS) reported third-quarter 2026 results characterized by declining revenues and net income, primarily driven by rising mortgage rates and macroeconomic uncertainty. Home sales revenues fell to $842.5 million from $955.2 million year-over-year, while adjusted net income reached $28.8 million ($1.01 per diluted share). The company faced headwinds including a 75 basis point rise in mortgage rates and $19.6 million in inventory impairments across underperforming communities in the Bay Area, Houston, and South Florida. Despite these challenges, Century Communities achieved a record community count of 343. However, management has revised its full-year 2026 revenue guidance downward to between $3.3 billion and $3.4 billion due to lower anticipated absorption rates. Looking ahead to Q4, the company expects higher incentive costs (200 to 250 basis points above Q3) to remain competitive for year-end closings.
Topics: Adjusted Net Income Home Sales Revenues Inventory Impairments Revenue Guidance Share Repurchases
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