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Century Communities
Dale and Rob Francescon's Century Communities is a top-10 US public homebuilder with a captive mortgage arm, operating across more than a dozen states.
Century Communities
Century Communities was founded in 2002 by brothers Dale and Rob Francescon and has since grown into a top-10 public homebuilder in the United States. The company operates primarily across the West, Mountain, Texas, and Southeast regions, with additional presence in the Midwest and along the Eastern Seaboard. Its national scale is supported by a decentralized regional management model that aims to combine local market knowledge with centralized capital and operational resources. The firm builds and sells single-family detached and attached homes, targeting entry-level, first-time move-up, and second-time move-up buyers across a wide price spectrum. Century Communities operates two main segments: homebuilding and financial services. The homebuilding segment handles land acquisition, entitlement, development, construction, marketing, and sales. Its financial services unit, Inspire Home Loans, provides mortgage origination, title, and insurance services exclusively to Century Communities' homebuyers, creating a fully captive customer journey. The company builds under the Century Communities and Century Complete brands, with the latter focused on more affordable, entry-level product lines. As part of its growth trajectory, Century Communities has expanded through both organic operations and strategic acquisitions of smaller private builders in high-growth markets. The company reported delivering over 9,000 homes in 2023, generating total revenues exceeding $3.5 billion (per the firm's 2023 annual report). The Francescon brothers share the Co-CEO role, an uncommon leadership structure that distributes oversight across geographic divisions and corporate functions. February 2024: Century Communities announced the acquisition of a controlling interest in a South Carolina-based homebuilder, marking further expansion in the coastal Southeast market (per the firm, February 2024). Century Communities stands apart from many public homebuilders by maintaining its co-CEO leadership structure two decades after founding, with both founders still actively running the business day-to-day. This dual-leadership model creates a built-in succession pathway and operational redundancy unusual among public-company homebuilders, where the founder is often either long-departed or firmly embedded as the sole CEO.
General information
Firm type
Asset Manager
Year founded
2002
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Greenwood Village
Corporate office
Greenwood Village, CO, United States
Principals
Dale Francescon
Co-Chief Executive Officer
Rob Francescon
Co-Chief Executive Officer
Sector focus
Frequently asked questions
What is Century Communities' core business?
Century Communities is a publicly traded homebuilder (NYSE: CCS) that acquires and develops land, constructs single-family attached and detached homes, and sells them primarily to entry-level and move-up buyers. The company also operates a financial services segment, Inspire Home Loans, which provides mortgage, title, and insurance services exclusively to its homebuyers. This creates a vertically integrated model from land sourcing through home financing.
Who runs Century Communities?
Brothers Dale Francescon and Rob Francescon serve as Co-Chief Executive Officers, an uncommon leadership arrangement for a public company of this size. They have led the firm together since its founding in 2002 and continue to actively manage operations, dividing oversight across different geographic and functional areas. The company is headquartered in Greenwood Village, Colorado.
In which markets does Century Communities operate?
The company builds homes across more than a dozen states, with its largest concentrations in the West, Mountain, Texas, and Southeast regions. Its footprint extends from the Pacific Northwest and California through Colorado and Texas, into the Carolinas, Georgia, and Tennessee. Century Communities has historically expanded both by opening new divisions organically and by acquiring private builders in growing submarkets.
How does Century Communities' financial services segment work?
Century Communities owns Inspire Home Loans, a captive mortgage lender that originates loans exclusively for buyers of Century Communities-built homes. Inspire also provides title insurance and settlement services, giving the company additional revenue at the point of sale. This integrated approach means Century Communities captures mortgage origination fees and servicing income that would otherwise go to third-party lenders.
What is the difference between Century Communities and Century Complete?
Century Communities is the company's primary brand, targeting entry-level through second-time move-up buyers across a broader price range. Century Complete is the firm's lower-cost, entry-level-focused brand that offers more standardized floor plans and streamlined design options. Both brands are built and sold by the same publicly traded parent company.
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