Financial Analysis

3. Business Combinations On January 22, 2024, we closed on the acquisition of substantially all the assets and assumed certain liabilities of Landmark Homes of Tennessee, Inc. (Landmark), a homebuilder with operations, including six active communities, in Nashville, Tennessee, for approximately $33.4 million in cash, inclusive of customary holdbacks. We concluded that the acquisition represents a business combination. During the year ended December 31, 2024, we incurred $0.1 million in acquisition costs, which are reflected in other expense in our consolidated statements of operations. On July 31, 2024, we closed on the acquisition of substantially all the assets and operations and assumed certain liabilities of Anglia Homes LP (Anglia), a homebuilder with operations, including 26 active communities, in the greater Houston, Texas area,for approximately $127.0 million in cash, inclusive of customary holdbacks. We concluded that the acquisition represents a business combination, as we determined that the fair value of the gross assets acquired was not concentrated in a single identifiable asset or group of similar identifiable assets, and the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single-family residences. During the year ended December 31, 2024, we incurred $0.5 million in acquisition costs, which are reflected in other expense in our consolidated statements of operations. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

19. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance and other bonds primarily related to our land development performance obligations, with local municipalities. As of December 31, 2025 and December 31, 2024, we had issued and outstanding letters of credit of $65.3 million and $97.5 million, respectively, and we had issued and outstanding performance and other bonds of $445.1 million and $466.0 million, respectively. LeasesThe Company leases office space and equipment under non-cancelable operating leases, which have lease terms that generally range from 1 to 10 years and often include one or more options to renew. Operating lease expense was $6.0 million, $7.3 million, and $8.0 million for the years ended December 31, 2025, 2024, and 2023, respectively, which are presented on the consolidated statements of operations within selling, general, and administrative expense. Operating lease liabilities are included in other accrued liabilities within accrued expenses and other liabilities and the related right of use assets are included in prepaid expenses and other assets on the consolidated balance sheets. Maturities of lease liabilities as of December 31, 2025 were as follows (in thousands): 2026 $ 4,8552027 3,6202028 3,0862029 9642030 231Thereafter Total $ 12,756Less: discount (1,145)Total lease liabilities $ 11,611Legal Proceedings The Company and our subsidiaries and a …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

11. DebtOur outstanding debt obligations included the following as of December 31, 2025 and 2024 (inthousands): December 31, December 31, 2025 20246.750% senior notes, due June 2027(1) $ $ 498,0273.875% senior notes, due August 2029(1) 497,201 496,4286.625% senior notes, due September 2033(1) 493,355 Other financing obligations(2) 111,820 113,454Notes payable 1,102,376 1,107,909Revolving line of credit 51,500 135,500Mortgage repurchase facilities 289,269 232,804Total debt $ 1,443,145 $ 1,476,213 (1)The carrying value of senior notes reflects the impact of premiums and/or discounts (if applicable), and issuance costs that are amortized to interest cost over the respective terms of the senior notes. (2)As of December 31, 2025, other financing obligations included $21.5 million related to insurance premium notes and certain secured borrowings, as well as $90.3 million outstanding under construction loan agreements related to Century Living. As of December 31, 2024, other financing obligations included $11.0 million related to insurance premium notes, as well as $102.4 million outstanding under construction loan agreements. Issuance of 6.625% Senior Notes Due 2033 In September 2025, we entered into an indenture with U.S. Bank Trust Company, National Association, as trustee pursuant to which we issued $500.0 million aggregate principal amount of our 6.625% Senior Notes due 2033 (the 2033 Notes) in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

16. Stock-Based Compensation During the year ended December 31, 2025, we granted performance share units (which we refer to as PSUs) covering up to 0.5 million shares of common stock assuming maximum level of performance with a weighted-average grant date fair value of $67.01 per share that are subject to service, performance, and market vesting conditions. The quantity of shares that will vest and be issued upon settlement of the PSUs ranges from 0% to up to 250% of a targeted number of shares depending upon the participant and will be determined based on achievement of three-year cumulative revenue and three-year cumulative adjusted pre-tax income performance goals. The ultimate share payout may then be adjusted by a relative total shareholder return modifier based on our three-year cumulative total stockholder return (which we refer to as TSR) relative to the average TSR of all companies in a defined peer group, with the potential to decrease the payout by 10% or increase it up to 20%. During the years ended December 31, 2024 and 2023, we granted PSUs covering up to 0.3 million, and 0.5 million shares of common stock, respectively in each year, assuming maximum level of performance, with grant date fair values of $82.23, and $60.05 per share, respectively, that are subject to both service and performance vesting conditions. The quantity of shares that will ultimately vest and be issued upon settlement of the PSUs ranges from 0% to up to 250% of a targeted number of shares …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

14. Fair Value Disclosures Fair value measurements are used for the Companys mortgage loans held for sale, certain mortgage loans held for investment, mortgage servicing rights, interest rate lock commitments and other derivative instruments on a recurring basis. We also utilize fair value measurements on a non-recurring basis for inventories and intangible assets when events and circumstances indicate that the carrying value is not recoverable. The fair value hierarchy and its application to the Companys assets and liabilities is as follows: Level1 Quoted prices for identical instruments in active markets. Level2 Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at the measurement date. Mortgage loans held for sale Fair value is based on quoted market prices for committed and uncommitted mortgage loans.Derivative assets and liabilities Derivative assets are associated with interest rate lock commitments and investor commitments on loans and may also be associated with forward mortgage-backed securities contracts. Derivative liabilities are associated with forward mortgage-backed securities contracts. Fair value is based on market prices for similar instruments. Level3 Valuations derived from techniques where one or more significant inputs or significant value drivers …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

13. Income Taxes Our income tax expense for the years ended December 31, 2025, 2024 and 2023 comprises the following current and deferred amounts (in thousands): Year Ended December31, 2025 2024 2023Current U.S. Federal $ 52,531 $ 92,177 $ 73,003State and local 10,240 19,289 14,745Total current 62,771 111,466 87,748Deferred U. S. Federal (13,136) (4,467) 3,020State and local (2,820) (755) 838Total deferred (15,956) (5,222) 3,858Income tax expense $ 46,815 $ 106,244 $ 91,606 The following presents a reconciliation of the income tax provision based on the U.S. federal statutory tax rate to the total effective tax rate (in thousands): Year Ended December31, 2025 2024 2023U.S. Federal statutory tax rate $ 40,827 21.0% $ 92,413 21.0% $ 73,652 21.0%State and local income taxes, net of federal income tax effect (1) 7,293 3.8% 15,439 3.5% 12,966 3.7%Tax Credits Energy-related tax credits (2,737) (1.4)% (6,584) (1.5)% (2,596) (0.7)%Other tax credits % (5) (0.0)% (187) (0.1)%Nontaxable or Nondeductible Items Executive compensation 3,136 1.6% 6,470 1.5% 9,507 2.7%Other 154 0.1% (535) (0.1)% (150) (0.0)%Other adjustments (1,858) (1.0)% (954) (0.2)% (1,586) (0.5)%Income tax expense $ 46,815 24.1% $ 106,244 24.1% $ 91,606 26.1%(1)State taxes in California, Colorado, and Georgia made up the majority (greater than 50%) of the tax effect in this category. Deferred income tax assets and liabilities are recognized for the future tax consequences of temporary differences. Temporary differences a …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards In November 2024, the Financial Accounting Standards Board (which we refer to as FASB) issued Accounting Standards Update (which we refer to as ASU) No. 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will become effective for us for the fiscal year ending December 31, 2027. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2024-03 on our consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires more disaggregated income tax disclosures, including (i) the income tax rate reconciliation using both percentages and reporting currency amounts; (ii) specific categories within the income tax rate reconciliation; (iii) additional information for reconciling items that meet a quantitative threshold; (iv) the composition of state and local income taxes by jurisdiction; and (v) the amount of income taxes paid disaggregated by jurisdiction. ASU 2023-09 became effective for our fiscal year ending December 31, 2 …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

15. Post-Retirement Plan The Company has 401(k) plans available to substantially all employees. The Company generally makes matching contributions of 50% of employees salary deferral amounts on the first 6% of employees compensation. Contributions to the plans during the years ended December 31, 2025, 2024 and 2023 were $4.4 million, $4.4 million and $3.0million, respectively. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections. Our Century Complete brand currently has operations in nine states and is managed separately from our four geographic regions, and it is considered a separate operating segment.Accordingly, we have presented our homebuilding operations as the following reportable segments as of December 31, 2025: West (California and Washington)Mountain (Arizona, Colorado, Nevada and Utah) Texas Southeast (Florida, Georgia, North Carolina, South Carolina and Tennessee)Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, South Carolina) We have identified our Financia …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

17. Stockholders Equity The Companys authorized capital stock consists of 100.0million shares of common stock, par value $0.01per share, and 50.0million shares of preferred stock, par value $0.01 per share. As of December 31, 2025 and 2024, there were 29.1 million and 31.0 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding. On May 4, 2022,the stockholders approved the adoption of the Century Communities, Inc. 2022 Omnibus Incentive Plan (which we refer to as the 2022 Incentive Plan), which replaced the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our 2017 Incentive Plan). Under the 2022 Incentive Plan, 3.1 million shares of common stock are available for issuance to eligible participants, plus 51.2 thousand shares of our common stock that remained available for issuance under the 2017 Incentive Plan and any shares subject to awards outstanding under the 2017 Incentive Plan that are subsequently forfeited, cancelled, expire or otherwise terminate without the issuance of such shares. During the years ended December 31, 2025 and 2024, we issued 0.6 million and 0.3 million shares of common stock, respectively, related to the vesting and settlement of RSUs, PSUs, and stock awards. As of December 31, 2025, approximately 1.5 million shares of common stock remained available for issuance under the 2022 Incentive Plan.Our stock repurchase program authorizes us to repurcha …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

16. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, we post letters of credit and performance and other bonds primarily related to our land development performance obligations with local municipalities. As of June 30, 2026 and December 31, 2025, we had issued and outstanding letters of credit under various facilities of $ 56.2 million and $ 65.3 million, respectively, and we had issued and outstanding performance and other bonds of $ 426.7 million and $ 445.1 million, respectively. Legal Proceedings The Company and our subsidiaries and affiliates are subject to claims, lawsuits and other legal actions from time to time that arise primarily in the ordinary course of business, which consist mostly of construction claims, but also could include warranty, workers compensation, tort, breach of contract, employment, personal injury, and other similar claims. It is the opinion of management that if the construction or warranty claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record the estimated amount to other accrued liabilities included in accrued expenses and other liabilities on the condensed consolidated balance sheet. We are also involved in other claims and …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

9. Debt Our outstanding debt obligations included the following as of June 30, 2026 and December 31, 2025 (in thousands): June 30, December 31, 2026 2025 3.875 % senior notes, due August 2029 (1) $ 497,587 $ 497,201 6.625 % senior notes, due September 2033 (1) 493,786 493,355 Construction loan agreements 118,982 90,269 Other financing obligations (2) 11,390 21,551 Notes payable 1,121,745 1,102,376 Revolving line of credit 329,600 51,500 Mortgage repurchase facilities 232,529 289,269 Total debt $ 1,683,874 $ 1,443,145 (1) The carrying value of senior notes reflects the impact of premiums and/or discounts (if applicable), and issuance costs that are amortized to interest expense over the respective terms of the senior notes. (2) As of June 30, 2026 and December 31, 2025, other financing obligations included certain secured borrowings and insurance premium notes, which bore a weighted average interest rate of 6.0 % and 5.8 %, respectively. 3.875% Senior Notes Due 2029 As of June 30, 2026, we had outstanding $ 500.0 million in aggregate principal amount of our 3.875 % Senior Notes due 2029 (the 2029 Notes), which principal balance is due in August 2029. Prior to that date, interest only payments are due semi-annually in February and August of each year. These notes were issued under an indenture which contains certain restrictive covenants on issuing future secured debt and other transactions, and contains various optional redemption provisions to redeem the 2029 Notes, in whole …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

13. Stock-Based Compensation During the six months ended June 30, 2026 and 2025, we granted restricted stock units (which we refer to as RSUs) covering 0.4 million and 0.2 million shares of common stock, respectively, with a grant date fair value of $ 61.22 and $ 76.38 per share, respectively, that vest over a three year period. During the six months ended June 30, 2026 and 2025, we granted 16.1 thousand and 16.0 thousand shares of common stock, respectively, on an unrestricted basis (which we refer to as stock awards) with a grant date fair value of $ 54.27 and $ 53.26 per share, respectively, to our non-employee directors. During the six months ended June 30, 2026 and 2025, we granted performance share units (which we refer to as PSUs) covering up to an aggregate of 0.5 million and 0.5 million shares of common stock, respectively, assuming maximum level of performance and market conditions are met with a weighted-average grant date fair value of $ 52.10 and $ 67.01 per share, respectively, that are subject to service, performance, and market vesting conditions. The quantity of shares that will vest and be issued upon settlement of the PSUs ranges from 0 % to up to 250 % of a targeted number of shares depending upon the participant and will be determined based on achievement of three-year cumulative revenue and three-year cumulative adjusted pre-tax income performance goals. The ultimate share payout may then be adjusted by a relative total stockholder return modifier based …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

12. Fair Value Disclosures Fair value measurements are used for the Companys mortgage loans held for sale, mortgage servicing rights, interest rate lock commitments and other derivative instruments on a recurring basis. We also utilize fair value measurements on a non-recurring basis for inventories and intangible assets when events and circumstances indicate that the carrying value is not recoverable. The fair value hierarchy and its application to the Companys assets and liabilities is as follows: Level 1 Quoted prices for identical instruments in active markets. Level 2 Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at the measurement date. Mortgage loans held for sale Fair value is based on quoted market prices for committed and uncommitted mortgage loans. Derivative assets and liabilities Derivative assets are associated with interest rate lock commitments and investor commitments on loans and may also be associated with forward mortgage-backed securities contracts. Derivative liabilities are associated with forward mortgage-backed securities contracts. Fair value is based on market prices for similar instruments. Level 3 Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at t …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

11 . Income Taxes At the end of each interim period, we are required to estimate our annual effective tax rate for the fiscal year and to use that rate to provide for income taxes for the current year-to-date reporting period. Our 2026 estimated annual effective tax rate, before discrete items, of 26.3 %, is driven by our blended federal and state statutory rate of 24.6 %, and certain permanent differences between GAAP and tax, including disallowed deductions for executive compensation, partially offset by estimated federal energy home credits for current year home deliveries, which combined resulted in a net increase in our effective tax rate of 1.7 % . For the six months ended June 30, 2026, our estimated annual rate of 26.3 % was impacted by discrete items which increased our rate by 0.2 %, primarily related to a shortfall in tax deductions for stock-based compensation awards that vested during the period. On July 4, 2025, H.R.1, the One Big Beautiful Bill Act , was signed into law, which disallows Section 45L tax credits for new energy-efficient homes delivered after June 30, 2026. As a result, our income tax expense and effective tax rate for 2026 will not reflect a benefit from such tax credits related to homes delivered after June 30, 2026. For the three months ended June 30, 2026 and 2025, we recorded income tax expense of $ 12.9 million and $ 12.2 million, respectively . For the six months ended June 30, 2026 and 2025, we recorded income tax expense of $ 21.8 million …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards In November 2024, the Financial Accounting Standards Board ( which we refer to as FASB) issued Accounting Standards Update ( which we refer to as ASU) No. 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40) : Disaggregation of Income Statement Expenses (ASU 2024-03), which requires disclosure of certain costs and expenses on an interim and annual basis in the notes to the financial statements. ASU 2024-03 will become effective for us for the fiscal year ending December 31, 2027. Early adoption is permitted, and guidance should be applied prospectively, with an option to apply guidance retrospectively. We are currently evaluating the impact of the adoption of ASU 2024-03 on our consolidated financial statements and related disclosures. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

2. Reporting Segments Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 16 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions offers a wide range of buyer profiles including: entry-level, first and second time move-up, and lifestyle homebuyers, and provides our homebuyers with the limited ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets entry-level homebuyers, primarily sells homes through retail studios, centralized locations, and the internet, and generally provides no option or upgrade selections. Our Century Complete brand has operations in 10 states and is managed separately from our four geographic regions, and it is considered a separate operating segment. We have presented our homebuilding operations as the following reportable segments as of June 30, 2026: West (California and Washington) Mountain (Arizona, Colorado, Nevada, and Utah) Texas Southeast (Florida, Georgia, North Carolina, South Carolina, and Tennessee) Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Kentucky, Michigan, Nevada, North Carolina, and South Carolina) We have identified our Financial Services o …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

14. Stockholders Equity The Companys authorized capital stock consists of 100.0 million shares of common stock, par value $ 0.01 per share, and 50.0 million shares of preferred stock, par value $ 0.01 per share. As of June 30, 2026 and December 31, 2025, there were 28.4 million and 29.1 million shares of common stock issued and outstanding, respectively, and no shares of preferred stock outstanding. On May 4, 2022, the stockholders approved the adoption of the Century Communities, Inc. 2022 Omnibus Incentive Plan (which we refer to as the 2022 Incentive Plan), which replaced the Century Communities, Inc. Amended and Restated 2017 Omnibus Incentive Plan (which we refer to as our 2017 Incentive Plan). The 2022 Incentive Plan provides that 3.1 million shares of common stock are available for issuance to eligible participants under the plan, plus 51.2 thousand shares of our common stock that remained available for issuance under the 2017 Incentive Plan and any shares subject to awards outstanding under the 2017 Incentive Plan that were subsequently forfeited, cancelled, expired or otherwise terminated without the issuance of such shares. During the six months ended June 30, 2026 and 2025, we issued 0.6 million and 0.6 million shares of common stock, respectively, related to the vesting and settlement of RSUs and PSUs. As of June 30, 2026, approximately 0.6 million shares of common stock remained available for issuance under the 2022 Incentive Plan , assuming maximum levels of per …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing