Century Communities Expands Florida Footprint Amid Mixed Analyst Sentiment

Homebuilder Century Communities has announced a significant land acquisition in Florida as part of its ongoing expansion strategy, though market analysts remain divided on the company’s outlook. The move comes alongside recent financial maneuvers that have extended the company’s debt maturity profile but attracted scrutiny from credit rating agencies.

The company finalized a transaction in Green Cove Springs, Florida, for a development parcel that will accommodate 170 new single-family home lots. The future community, named Asbury Creek, is scheduled to begin sales in mid-2026 and will feature amenities including a pavilion, playground, and sports field. Notably, the development will not impose Community Development District fees on residents.

The location offers convenient access to downtown Jacksonville via the... Read more...