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Century Communities’ 60,000-Lot Footprint: Flexibility In A Volatile Housing Cycle!

Century Communities reported first quarter 2026 results amid challenging macroeconomic conditions characterized by geopolitical tensions, elevated interest rates, and rising gas prices. These factors notably affected consumer homebuyer settlement activity in March, typically the strongest month of the quarter, leading to a decline in net new orders to 2,379 homes. Although the overall sales pace showed weakness year-over-year, it started the quarter relatively stable and improved sequentially leading up to March, with early indications suggesting order activity in April has improved compared to March. Operationally, the company demonstrated resilience by increasing its adjusted gross margin to 19.7%, a 140 basis point sequential improvement driven partially by reduced sales incentives and a modest decrease in direct construction costs. Incentives on closed homes averaged approximately 12.5%, down about 50 basis points from the prior quarter but increased slightly as the quarter progressed in response to tightening market conditions.