Century Communities (CCS) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Common Stock, Shares Outstanding		23,013,748

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 336,786	$ 29,450
Cash held in escrow	25,980	20,044
Accounts receivable	8,209	5,729
Inventories	926,992	857,885
Mortgage loans held for sale	11,235
Prepaid expenses and other assets	42,220	40,457
Property and equipment, net	12,141	11,412
Investment in unconsolidated subsidiaries	18,356	18,275
Amortizable intangible assets, net	2,222	2,911
Goodwill	21,365	21,365
Total Assets	1,405,506	1,007,528
Liabilities:
Accounts payable	4,324	15,708
Accrued expenses and other liabilities	91,832	62,314
Deferred tax liability, net	123	1,782
Senior and other notes payable	776,849	259,088
Revolving line of credit		195,000
Mortgage repurchase facility	10,551
Total liabilities	883,679	533,892
Stockholders' equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 22,648,968 and 21,620,544 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	226	216
Additional paid-in capital	380,118	355,567
Retained earnings	141,483	117,853
Total stockholders' equity	521,827	473,636
Total liabilities and stockholders' equity	$ 1,405,506	$ 1,007,528

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	22,648,968	21,620,544
Common stock shares outstanding	22,648,968	21,620,544

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Home sales revenues	$ 287,588	$ 257,179	$ 514,008	$ 438,260
Land sales and other revenues	2,493	2,463	4,389	5,478
Homebuilding revenues	290,081	259,642	518,397	443,738
Financial services revenue	1,743		1,743
Total revenues	291,824	259,642	520,140	443,738
Homebuilding Cost of Revenues
Cost of home sales revenues	(233,888)	(207,883)	(416,212)	(352,236)
Costs of land sales and other revenues	(1,746)	(1,471)	(2,890)	(4,013)
Homebuilding cost of revenues	(235,634)	(209,354)	(419,102)	(356,249)
Financial services costs	(1,445)		(2,199)
Selling, general, and administrative	(34,220)	(31,383)	(67,432)	(56,568)
Acquisition expense	(916)	(244)	(1,439)	(413)
Equity in income of unconsolidated subsidiaries	2,676		3,931
Other income	824	436	1,261	1,018
Income before income tax expense	23,109	19,097	35,160	31,526
Income tax expense	(8,278)	(5,955)	(11,530)	(10,401)
Net income	$ 14,831	$ 13,142	$ 23,630	$ 21,125
Earnings per share:
Basic	$ 0.67	$ 0.62	$ 1.07	$ 1
Diluted	$ 0.66	$ 0.62	$ 1.06	$ 1
Weighted average common shares outstanding:
Basic	22,146,124	20,649,910	21,814,860	20,628,598
Diluted	22,366,077	20,747,312	22,029,962	20,686,697

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income	$ 23,630	$ 21,125
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	2,818	2,797
Stock-based compensation expense	3,921	3,463
Deferred income taxes	(1,658)	(554)
Distribution of income from unconsolidated subsidiaries	3,852
Equity in income of unconsolidated subsidiaries	(3,931)
Gain (loss) on disposition of assets	27	(323)
Changes in assets and liabilities:
Cash held in escrow	(5,936)	(87)
Accounts receivable	(2,480)	(12,145)
Inventories	(51,383)	(49,841)
Prepaid expenses and other assets	771	1,173
Accounts payable	(11,384)	1,083
Accrued expenses and other liabilities	13,102	(20)
Mortgage loans held for sale	(11,235)
Net cash used in operating activities	(39,886)	(33,329)
Investing activities
Purchases of property and equipment	(2,885)	(4,944)
Proceeds from sale of assets		961
Issuance of notes receivable	(3,000)
Proceeds from secured note receivable	50	48
Net cash used in investing activities	(5,835)	(3,935)
Financing activities
Borrowings under revolving credit facilities	75,000	90,000
Payments on revolving credit facilities	(270,000)	(65,000)
Proceeds from issuance of senior notes	523,000
Principal payments on notes payable	(2,541)	(3,042)
Debt issuance costs	(3,593)
Net proceeds from mortgage repurchase facility	10,551
Net proceeds from issuances of common stock	24,333
Repurchases of common stock upon vesting of restricted stock awards	(3,693)	(904)
Repurchases of common stock under our stock repurchase program		(2,393)
Net cash provided by financing activities	353,057	18,661
Net decrease in cash and cash equivalents	307,336	(18,603)
Cash and cash equivalents, Beginning of period	29,450	29,287
Cash and cash equivalents, End of period	336,786	10,684
Supplemental cash flow disclosure
Cash paid for income taxes	$ 5,257	$ 15,259

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, Salt Lake City, Utah, Atlanta, Georgia, and Charlotte, North Carolina. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah. Additionally, our indirect wholly-owned subsidiaries Inspire Home Loans Inc. and Parkway Title, LLC, which provide mortgage and title services to our home buyers, respectively, have been identified as our Financial Services operating segment. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2016, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 that was filed with the SEC on February 15, 2017. Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. All intercompany accounts and transactions have been eliminated. Mortgage Loans Held for Sale We use best efforts commitments with various investors to mitigate the risk associated with mortgage loans held for sale. Best efforts commitments which fix the forward sales price that will be realized in the secondary market are used to eliminate our interest rate and price risks. These best effort commitments are considered derivative instruments under ASC 815, “Derivatives and Hedging,” however, we do not have any derivative instrument s designated as hedging instruments as of June 30, 2017. Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale at the price they are committed to be sold under the best effort s commitments.  Expected gains and losses from the sale of our loans held for sale are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. As of June 30, 2017, mortgage loans available-for-sale had an aggregate fair value of $ 11.2 million and an aggregate outstanding principal balance of $10.7 million. The net gain resulting from changes in fair value of the best effort s commitments and mortgage loans held in inventory totaled $0.5 million for the three and six months ended June 30, 2017. Realized net gains from the sale of mortgages during the six months ended June 30, 2017 were $0.2 million and have been included in Financial Services revenues. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Reclassification C ertain items on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2016 have been reclassified to conform to our current presentation. We have included “Golf course and other revenue” with “Land sales and other revenues”; we have included “Cost of golf course and other revenue” with “Cost of land sales and other revenues”; and we have combined “Interest income,” “Interest expense,” and “Gain on disposition of assets” into “Other income (expense)” in our current presentation. Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. Although we have not yet adopted ASU 2015-14, we are evaluating our home sales contracts in each of our regions and have determined that there will not be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 2015-14. We are continuing to evaluate the other revenue streams and accounting treatment of other aspects of our business that may be affected by our adoption of ASU 2015-14. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for the Company beginning January 1, 2017 and interim periods within the annual periods. We have adopted this standard and as a result have realized excess tax benefits of $1.0 million, which is included as a reduction to “Income tax expense” in our Condensed Consolidated Statements of Operations. Our calculation of earnings per share was also modified to reflect a change to exclude excess tax benefits from assumed proceeds in our computation of diluted shares outstanding under the treasury method. We have elected to continue to estimate forfeitures in recognizing the expense for our equity awards. Employee taxes paid by withholding shares on vesting of stock compensation are classified as a financing activity in our Condensed Consolidated Statements of Cash Flows.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017 . We do not believe that ASU 2016-15 will have a material effect on our consolidated financial statements.  In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value. It eliminates Step 2 of the current two-step goodwill impairment test. ASU 2017-04 is effective for annual reporting periods in fiscal years beginning after December 15, 2019 and early adoption is permitted. We elected to early adopt ASU 2017-04 for the reporting period beginning January 1, 2017. Our adoption of ASU 2017-04 has not ha d a material effect on our condensed consolidated financial statements. 

Reporting Segments

Reporting Segments	6 Months Ended
	Jun. 30, 2017
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah. We have also identified our Financial Services operations, which provide mortgage and title services to our homebuyers as an eighth reportable segment. Our Corporate operations are a nonoperating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments. Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes. Our chief operating decision makers, the Co-CEO’s of our Company, primarily rely on total revenue and income before income tax expense to determine segment profitability. The following table summarizes total revenue and income before income tax expense by operating segment (in thousands):      Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Revenue:  Atlanta $ 81,466 $ 90,467 $ 156,856 $ 154,989  Central Texas 36,717 23,925 63,445 53,049  Charlotte — — — —  Colorado 106,986 98,024 192,577 166,870  Houston 7,633 15,619 11,795 23,094  Nevada 48,501 31,607 83,002 45,736  Utah 8,778 — 10,722 —  Financial Services 1,743 — 1,743 —  Corporate — — — —  Total revenue $ 291,824 $ 259,642 $ 520,140 $ 443,738   Income (loss) before income tax expense:  Atlanta $ 5,308 $ 8,729 $ 11,224 $ 13,979  Central Texas 3,223 1,936 5,921 4,112  Charlotte (516) — (616) —  Colorado 16,040 12,946 27,694 23,789  Houston (811) (892) (1,680) (1,686)  Nevada 5,621 3,740 9,323 4,607  Utah 251 (157) 19 (157)  Financial Services 57 — (697) —  Corporate (6,064) (7,205) (16,028) (13,118)  Total income before income tax expense $ 23,109 $ 19,097 $ 35,160 $ 31,526  The following table summarizes total assets by operating segment (in thousands):    June 30, December 31,  2017 2016  Atlanta $ 290,644 $ 262,448  Central Texas 125,920 112,612  Charlotte 20,064 4,907  Colorado 286,834 293,467  Houston 37,274 25,780  Nevada 234,043 231,057  Utah 43,580 17,133  Financial Services 18,448 —  Corporate 348,699 60,124  Total assets $ 1,405,506 $ 1,007,528 Corporate assets include certain cash and cash equivalents, our investment in unconsolidated subsidiaries, prepaid insurance, and deferred financing costs on our revolving line of credit.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	3. Inventories Inventories included the following (in thousands):     June 30, December 31,  2017 2016  Homes under construction $ 586,572 $ 455,454  Land and land development 304,752 373,496  Capitalized interest 35,668 28,935  Total inventories $ 926,992 $ 857,885

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	6 Months Ended
	Jun. 30, 2017
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	4. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands):     June 30, December 31,  2017 2016  Prepaid insurance $ 9,071 $ 12,236  Lot option and escrow deposits 12,677 12,320  Performance deposits 1,862 1,544  Deferred financing costs revolving line of credit, net 2,289 2,637  Restricted cash 2,085 1,505  Secured notes receivable 5,798 2,850  Assets held for sale 5,869 5,857  Other 2,569 1,508  Total prepaid expenses and other assets $ 42,220 $ 40,457

Investment in Unconsolidated Su

Investment in Unconsolidated Subsidiaries	6 Months Ended
	Jun. 30, 2017
Investment in Unconsolidated Subsidiaries [Abstract]
Investment in Unconsolidated Subsidiaries	5. Investment in Unconsolidated Subsidiaries On November 1, 2016, we acquired a 50% ownership of WJH LLC (which we refer to as “WJH”), which is the successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc., for $15.0 million, of which $1.0 million is held by the Company for potential indemnification claims for a period of eighteen months following the closing. WJH primarily targets first-time homebuyers in the Southeastern United States. As a result of the transaction, we own 50% of WJH and Wade Jurney Jr., an individual, owns the other 50% interest. Each party contributed an additional $3.0 million in capital to WJH upon its formation and we incurred $0.1 million in related acquisition costs. The Company and Wade Jurney Jr. share responsibility for all of WJH’s strategic decisions, with Wade Jurney Jr. continuing to manage the day-to-day operations under the existing operating model. Our investment in WJH is treated as an unconsolidated investment under the equity method of accounting.  As of June 30, 2017, our investment in WJH was $18. 4 million and we recognized $ 2.7 million and $3.9 million of equity in income of unconsolidated subsidiaries during the three and six months ended June 30, 2017, respectively. During the three and six months ended June 30, 2017, we received operating distributions from WJH of $ 3.0 million and $3.9 million, respectively.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 2017
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	6. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities included the following (in thousands):     June 30, December 31,  2017 2016  Earnest money deposits $ 10,322 $ 7,304  Warranty reserve 3,057 2,479  Accrued compensation costs 7,762 12,603  Land development and home construction accruals 53,323 31,486  Accrued interest 6,557 3,039  Income taxes payable 5,752 783  Liabilities related to assets held for sale 208 193  Other 4,851 4,427  Total accrued expenses and other liabilities $ 91,832 $ 62,314 

Warranties

Warranties	6 Months Ended
	Jun. 30, 2017
Warranties [Abstract]
Warranties	7. Warranties  Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through an internal model that incorporates historical payment trends and adjust the amounts recorded if necessary. Based on favorable warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $0.3 million during the six months ended June 30, 2017 , which is included as a reduction to cost of homes sales revenues on our consolidated statement of operations. The following table summarizes the changes in our warranty accrual (in thousands):    Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Beginning balance $ 2,731 $ 2,542 $ 2,479 $ 2,622  Warranty expense provisions 705 822 1,582 1,392  Payments (379) (375) (748) (640)  Warranty adjustment — (235) (256) (620)  Ending balance $ 3,057 $ 2,754 $ 3,057 $ 2,754

Notes Payable and Revolving Lin

Notes Payable and Revolving Line of Credit	6 Months Ended
	Jun. 30, 2017
Notes Payable and Revolving Line of Credit [Abstract]
Notes Payable and Revolving Line of Credit	8. Notes Payable and Revolving Line of Credit    6.875% senior notes In May 2014, we completed a private offering of $200.0 million in aggregate principal amount of senior unsecured notes due 2022 (which we refer to as the “Initial Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended (which we refer to as the “Securities Act”). The Initial Senior Notes were issued under the Indenture, dated as of May 5, 2014, among the Company, our subsidiary guarantors party thereto, and U.S Bank National Association, as trustee (which we refer to as the “May 2014 Indenture,” as it is and may in the future be supplemented or amended from time to time). The Initial Senior Notes were issued at a price equal to 99.239% of their principal amount, and we received net proceeds of approximately $193.3 million. In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Initial Exchange Notes”), for all of the Initial Senior Notes. The terms of the Initial Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Initial Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that were applicable to the Initial Senior Notes do not apply to the Initial Exchange Notes. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “April 2015 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The April 2015 Senior Notes were issued at a price equal to 98.26% of their principal amount, and we received net proceeds of approximately $58.5 million. The April 2015 Senior Notes were additional notes issued under the May 2014 Indenture pursuant to which the Initial Exchange Notes were issued. In October 2015, we completed an offer to exchange $60.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “October 2015 Exchange Notes”), for all of the April 2015 Senior Notes. The terms of the October 2015 Exchange Notes are identical in all material respects to the April 2015 Senior Notes, except that the October 2015 Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that were applicable to the April 2015 Senior Notes do not apply to the October 2015 Exchange Notes. In January 2017, we completed a private offering of an additional $125 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “January 2017 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The January 2017 Senior Notes were issued at a price equal to 102.00% of their principal amount, and we received net proceeds of approximately $125.4 million. The January 2017 Senior Notes were additional notes issued under the May 2014 Indenture pursuant to which the Initial Exchange Notes and the October 2015 Exchange Notes were issued. In April 2017, we completed an offer to exchange $125.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “April 2017 Exchange Notes”), for all of the January 2017 Senior Notes. The terms of the April 2017 Exchange Notes are identical in all material respects to the January 2017 Senior Notes, except that the April 2017 Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions that were applicable to the January 2017 Senior Notes do not apply to the April 2017 Exchange Notes. The Initial Exchange Notes, October 2015 Exchange Notes, and April 2017 Exchange Notes (which we refer to collectively, as the “Existing 6.875% Notes”) will be treated as a single series of notes under the May 2014 Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the May 2014 Indenture. The Existing 6.875% Notes are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The Existing 6.875% Notes contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Existing 6.875% Notes is due May 2022, with interest only payments due semi-annually in May and November of each year. As of June 30, 2017, the aggregate amount outstanding on the Existing 6.875% Notes was $378.6 million. 5.875% senior notes In May 2017, we completed a private offering of $400 million in aggregate principal amount of our 5.875% Senior Notes due 2025 (which we refer to as the “May 2017 Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The May 2017 Senior Notes were issued under the Indenture, dated as of May 12, 2017, among the Company, our subsidiary guarantors party thereto, and U.S Bank National Association, as trustee (which we refer to as the “May 2017 Indenture,” as it may be supplemented or amended from time to time). The May 2017 Senior Notes were issued at a price equal to 100.00% of their principal amount, and we received net proceeds of approximately $395.5 million. As of June 30, 2017, we had $394.8 million outstanding on the May 2017 Senior Notes. Other financing obligations As of June 30, 2017, we had one insurance premium note with an outstanding balance of $3.5 million, which matures in December 2017 and bears interest at a rate of 3.88% . During the six months ended June 30, 2017, we repaid one insurance premium note with an outstanding balance of $0.1 million. As of December 31, 2016, we had an aggregate of $6.0 million of outstanding insurance premium notes. Revolving line of credit On October 21, 2014, we entered into a credit agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, and the lenders from time to time party thereto (which, as modified as described below, we refer to as the “Credit Agreement”). The Credit Agreement provided us with a revolving line of credit of up to $120 million (which, as modified as described below, we refer to as the “Revolving Credit Facility”). Under the terms of the Credit Agreement, we were entitled to request an increase in the size of the Revolving Credit Facility by an amount not exceeding $80 million. If the existing lenders elect not to provide the full amount of a requested increase, we may invite one or more other lender(s) to become a party to the Credit Agreement, subject to the approval of the Administrative Agent and L/C Issuer. The Credit Agreement includes a letter of credit sublimit of $20 million. The obligations under the Revolving Credit Facility were guaranteed by certain of our subsidiaries. On July 31, 2015, we entered into a First Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which modified the Credit Agreement. The First Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $120 million to $200 million, (ii) extended the maturity date of the Revolving Credit Facility from October 21, 2017 to October 21, 2018 , (iii) admitted Bank of America, N.A. as a new lender under the Revolving Credit Facility, and ( iv) increased the amount of the increase in the size of the Revolving Credit Facility that we had the option to request, from time to time, from an amount not exceeding $80 million to an amount not exceeding $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement. On December 22, 2015, we entered into a Second Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which further modified the Credit Agreement. The Second Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $200 million to $300 million, and (ii) admitted Compass Bank, an Alabama Banking Corporation, and U.S. Bank National Association as new lenders under the Revolving Credit Facility. On August 19, 2016, we entered into a Third Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which further modified the Credit Agreement. The Third Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $300 million to $380 million through our exercise of $80 million of the accordion feature of the Credit Agreement, (ii) admitted Citibank, N.A. and Flagstar Bank, FSB as new lenders under the Revolving Credit Facility, (iii) increased certain lenders’ respective commitments to the Revolving Credit Facility, and (iv) extended the term of the Revolving Credit Facility by one year to mature on October 21, 2019 . On February 24, 2017, we entered into a Commitment Increase Agreement with Texas Capital Bank, National Association, as Administrative Agent, Flagstar Bank, FSB ( which we refer to as “Flagstar”), and our subsidiary guarantors party thereto. The Commitment Increase Agreement supplements the Credit Agreement, and (i) increased the Revolving Credit Facility from $380 million to $400 million through our exercise of the remaining $20 million of the accordion feature of the Credit Agreement, and (ii) increased Flagstar’s commitment to the Credit Facility. Unless terminated earlier, the principal amount under the Revolving Credit Facility, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on October 21, 2019, the maturity date of the Revolving Credit Facility. Borrowings under the Revolving Credit Facility bear interest at a floating rate equal to the London Interbank Offered Rate plus an applicable margin between 2.75% and 3.25% per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.75% and 2.25% per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for fronting fees and letter of credit fees payable to the L/C Issuer and commitment fees payable to the Administrative Agent equal to 0.20% of the unused portion of the Revolving Credit Facility.  The Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments, and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries’ (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries’ (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries’ consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0 , based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to our tangible net worth. As a result of the issuance of our 5.875% senior notes, our leverage ratio was 1.58 to 1.0 as of June 30, 2017. We have received a waiver from the Administrative Agent and the Required Lenders (as defined in the Credit Agreement) regarding the leverage ratio exceeding the 1.50 to 1.0 requirement under the Credit Agreement as of June 30, 2017 . T he waiver is applicable until our Compliance Certificate is due for the fiscal quarter ended September 30, 2017. As of June 30, 2017, we did no t have any amounts outstanding under the Credit Agreement. Mortgage Repurchase Facility – Financial Services On April 10, 2017, Inspire Home Loans Inc. (which we refer to as “Inspire”), an indirect wholly-owned subsidiary of ours, entered into a Master Repurchase Agreement (which we refer to as the “Master Repurchase Agreement”) with Branch Banking and Trust Company, as the buyer thereunder (which we refer to as the “Buyer”). The Master Repurchase Agreement provides Inspire with a revolving mortgage loan repurchase facility of up to $25 million (which we refer to as the “Repurchase Facility”). The primary purpose of the Repurchase Facility is to provide financing and liquidity to Inspire by facilitating purchase transactions in which Inspire transfers eligible loans to the Buyer, and the Buyer transfers fund s , subject to a simultaneous agreement by the Seller to repurchase from the Buyer such eligible loans (i) upon written notice to the Buyer by Inspire, (ii) on a prescribed date in the future, (iii) upon the occurrence of prescribed events, or (iv) on the Termination Date (as defined below). The purchase transactions are based on and subject to the terms and conditions set forth in the Master Repurchase Agreement. The maximum aggregate amount of the Buyer’s commitment to fund purchase transactions under the Repurchase Facility is $25 million (which we refer to as the “Commitment”), subject to certain sublimits. The Repurchase Facility and the Buyer’s Commitment thereunder expires on the earlier of (i) April 9, 2018 , and (ii) the date when the Buyer’s Commitment is terminated pursuant to the Master Repurchase Agreement or by operation of law (which we refer to as the “Termination Date”). Amounts outstanding under the Repurchase Facility are not guaranteed by us or any of our subsidiaries. The Master Repurchase Agreement contains various affirmative and negative covenants applicable to Inspire that are customary for arrangements of this type. As of June 30, 2017, there was $10.6 million outstanding under the Master Repurchase Agreement. The amount outstanding under the Master Repurchase Agreement was collateralized by the mortgage loans held for sale.

Interest

Interest	6 Months Ended
	Jun. 30, 2017
Interest [Abstract]
Interest	9. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three a nd six months ended June 30, 2017 and 2016, we capitalized all interest costs incurred during these periods, except for interest incurred on capital leases of equipment related to our golf course operations. Our interest costs are as follows (in thousands):    Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Interest capitalized beginning of period $ 31,713 $ 24,846 $ 28,935 $ 21,533  Interest capitalized during period 10,830 6,649 18,564 13,029  Less: capitalized interest in cost of sales (6,875) (4,918) (11,831) (7,985)  Interest capitalized end of period $ 35,668 $ 26,577 $ 35,668 $ 26,577  

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Taxes [Abstract]
Income Taxes	10 . 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 2017 estimated annual effective tax rate of 35.6% is driven by our blended federal and state statutory rate of 37.4% , which is partially offset by net estimated benefits of 1.8% primarily from additional deductions for tax related to domestic production activities. During the six months ended June 30, 2017, we also recorded a discrete item for excess tax benefits related to share based awards that vested in the first and second quarter of 2017 .  For the three months ended June 30, 2017 and 2016, we recorded income tax expense of $8.3 million and $6.0 million, respectively. For the six months ended June 30, 2017 and 2016, we recorded income tax expense of $11.5 million and $10.4 million, respectively. 

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures	11. Fair Value Disclosures Accounting Standards Codification Topic 820, Fair Value Measurement , defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: 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 measurement date. Level 3 — Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date. The following table presents carrying values and estimated fair values of financial instruments (in thousands):    June 30, 2017 December 31, 2016  Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 5,798 $ 5,789 $ 2,850 $ 2,828  Mortgage loans held for sale (2) Level 2 $ 11,235 $ 11,235 $ — $ —   6.875% senior notes (3) Level 2 $ 378,573 $ 394,783 $ 253,089 $ 260,090  5.875 % senior notes (3) Level 2 $ 394,819 $ 391,819 $ — $ —  Revolving line of credit (4) Level 2 $ — $ — $ 195,000 $ 195,000  Insurance premium notes (4) Level 2 $ 3,457 $ 3,457 $ 5,999 $ 5,999  Mortgage repurchase facilities (4) Level 2 $ 10,551 $ 10,551 $ — $ — (1) Estimated fair value of the secured notes received was based on cash flow models discounted at market interest rates that considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value as of June 30, 2017, which was based on quoted market prices for those committed mortgage loans. (3) Estimated fair value of the senior notes as of June 30, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets. (4) Carrying amount approximates fair value due to short-term nature and interest rate terms. The carrying amount of cash and cash equivalents approximates fair value. Non-financial assets and liabilities include items such as inventory and long-lived assets that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Stock-Based Compensation [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation During the three months ended June 30, 2017, we granted 11.6 thousand shares of restricted stock units with a weighted average grant date fair value of $25.95 per share, which vest over a three year period from the grant date. During the six months ended June 30, 2017, we granted 0.2 million shares of restricted stock units with a weighted average grant date fair value of $23.12 per share, which vest over a one or three year period from the grant date. A summary of our outstanding awards of restricted common stock and restricted stock units are as follows (in thousands, except years):    As of June 30, 2017  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 149 538 687  Unrecognized compensation cost $ 1,495 $ 7,149 $ 8,644  Period to recognize compensation cost 0.6 years 1.8 years 1.6 years (average) During the three months ended June 30, 2017 and 2016 , we recognized stock-based compensation of $2.0 million and $1.7 million, respectively. During the six months ended June 30, 2017 and 2016, we recognized stock-based compensation of $3.9 million and $3.5 million, respectively. Stock-based compensation expense is included in selling, general, and administrative on our consolidated statements of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity [Abstract]
Stockholders' Equity	13. Stockholders’ Equity Our 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, 201 7 and December 31, 201 6 , there were 22.6 million and 21.6 million shares of common stock issued and outstanding, respectively, inclusive of the restricted common stock issued . We issued 47.7 thousand and 0.2 million shares of common stock related to the vesting of restricted stock awards during the three and six months ended June 30, 2017, respectively , under our First Amended & Restated 2013 Long-Term Incentive Plan. At our 2017 annual meeting of stockholders held on May 10, 2017, our stockholders approved the adoption of the Century Communities, Inc. 2017 Omnibus Incentive Plan (which we refer to as our “2017 Incentive Plan”), which replaced our First Amended & Restated 2013 Long-Term Incentive Plan. We had reserved a total of 1.8 million shares of our common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, of which approximately 0.6 million shares rolled over into the 2017 Incentive Plan when it became effective. As of June 30, 2017, approximately 1.4 million shares remain available for issuance under the 2017 Incentive Plan. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents”), relating to our common stock. Under the Distribution Agreement we are authorized to offer and sell shares of our common stock having an aggregate offering price of up to $50.0 million from time to time through any of our Sales Agents in “at the market” offerings. During the three and six months ended June 30, 2017, we sold and issued 0.4 million and 1.2 million shares of our common stock under the Distribution Agreement, respectively, which provided net proceeds of $ 9.6 million and $24.6 million, respectively , and in connection with such sales, paid total commissions and fees to the Sales Agents of $0.2 million and $0.5 million, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	14. Earnings Per Share We use the two-class method of calculating earnings per share (which we refer to as “EPS”) as our non-vested restricted stock awards have non-forfeitable rights to dividends and, accordingly, represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. We use the treasury stock method to calculate the dilutive effect of our restricted stock units as the restricted stock units do not have participating rights. The following table sets forth the computation of basic and diluted EPS for the three and six months ended June 30, 2017 and 2016 (in thousands, except share and per share information):   Three Months Ended Six Months Ended  June 30, June 30,  2017 2016 2017 2016  Numerator  Net income $ 14,831 $ 13,142 $ 23,630 $ 21,125  Less: Undistributed earnings allocated to participating securities (101) (280) (251) (530)  Net income allocable to common stockholders $ 14,730 $ 12,862 $ 23,379 $ 20,595  Denominator  Weighted average common shares outstanding - basic 22,146,124 20,649,910 21,814,860 20,628,598  Dilutive effect of restricted stock units 219,953 97,402 215,102 58,099  Weighted average common shares outstanding - diluted 22,366,077 20,747,312 22,029,962 20,686,697  Earnings per share:  Basic $ 0.67 $ 0.62 $ 1.07 $ 1.00  Diluted $ 0.66 $ 0.62 $ 1.06 $ 1.00  We have excluded from diluted earnings per share the common unit equivalents related to 113 restricted stock units for the six months ended June 30, 2017, because their effect would be anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance bonds related to our land development performance obligations with local municipalities. As of June 30, 2017 and December 31, 2016 , we had $ 72.1 million and $ 70.1 million, respectively, in letters of credit and performance bonds issued and outstanding. Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business, which consist primarily of construction defect claims. It is the opinion of our management that if the 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 a charge to selling, general, and administrative on our consolidated statements of operations for our estimated loss. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flow.

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	16. Supplemental Guarantor Information The Existing 6.875% Notes and the May 2017 Senior Notes are our unsecured senior obligations, and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to as “Guarantors”). Each of the May 2014 Indenture governing the Existing 6.875% Notes, and the May 2017 Indenture governing the May 2017 Senior Notes, provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the respective Indentures), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the respective Indentures) or is made in compliance with applicable provisions of the applicable Indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the applicable Indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the respective Indentures); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the applicable Indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the applicable Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the applicable Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the respective Indentures), in accordance with the applicable Indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the applicable Indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the applicable Indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the applicable Indenture. As the guarantees were made in connection with the February 2015 exchange offer for the Initial Exchange Notes, the October 2015 exchange offer for the October 2015 Exchange Notes, the April 2017 exchange offer for the April 2017 Exchange Notes, and the issuance of the May 2017 Senior Notes, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. We have determined that separate, full financial statements of the Guarantors would not be material to investors and, accordingly, supplemental financial information is presented below:    Supplemental Condensed Consolidated Balance Sheet  As of June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786  Cash held in escrow — 25,704 276 — 25,980  Accounts receivable — 8,054 155 — 8,209  Investment in consolidated subsidiaries 973,571 — — (973,571) —  Inventories — 926,992 — — 926,992  Mortgage loans held for sale — — 11,235 — 11,235  Prepaid expenses and other assets 5,933 35,985 302 — 42,220  Property and equipment, net 1,712 10,082 347 — 12,141  Investment in unconsolidated subsidiaries 18,356 — — 18,356  Amortizable intangible assets, net — 2,222 — — 2,222  Goodwill — 21,365 — — 21,365  Total assets $ 1,313,133 $ 1,047,495 $ 18,449 $ (973,571) $ 1,405,506  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 167 $ 4,029 $ 128 $ — $ 4,324  Accrued expenses and other liabilities 17,624 74,017 191 — 91,832  Deferred tax liability 123 — — — 123  Senior notes payable 773,392 3,457 — — 776,849  Revolving line of credit — — — — —  Mortgage repurchase facility — — 10,551 — 10,551  Total liabilities 791,306 81,503 10,870 — 883,679  Stockholders’ equity: 521,827 965,992 7,579 (973,571) 521,827  Total liabilities and stockholders’ equity $ 1,313,133 $ 1,047,495 $ 18,449 $ (973,571) $ 1,405,506    Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in consolidated subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528 Liabilities and stockholders’ equity Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Senior and other notes payable 253,089 5,999 — — 259,088  Revolving line of credit 195,000 — — — 195,000  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528        Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 287,588 $ — $ — $ 287,588  Land sales and other revenues — 2,493 — — 2,493  — 290,081 — — 290,081  Financial services revenue — — 1,502 241 1,743  Total revenues — 290,081 1,502 241 291,824  Homebuilding cost of revenues  Cost of homes sales revenues — (233,888) — — (233,888)  Cost of land sales and other revenues — (1,746) — — (1,746)  — (235,634) — — (235,634)  Financial services costs — — (1,445) — (1,445)  Selling, general and administrative (7,587) (26,633) — — (34,220)  Acquisition expense (916) — — — (916)  Equity in earnings from consolidated subsidiaries 18,687 — — (18,687) —  Equity in income of unconsolidated subsidiaries 2,676 — — — 2,676  Other income (expense) 316 508 — — 824  Income before income tax expense 13,176 28,322 57 (18,446) 23,109  Income tax expense 1,655 (9,913) (20) — (8,278)  Net income $ 14,831 $ 18,409 $ 37 $ (18,446) $ 14,831      Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 257,179 $ — $ — $ 257,179  Land sales and other revenues — 2,463 — — 2,463  — 259,642 — — 259,642  Financial services revenue — — — — —  Total revenues — 259,642 — — 259,642  Homebuilding cost of revenues  Cost of homes sales revenues — (207,883) — — (207,883)  Cost of land sales and other revenues — (1,471) — — (1,471)  — (209,354) — — (209,354)  Financial services costs — — — — —  Selling, general and administrative (6,085) (25,298) — — (31,383)  Acquisition expense (244) — — — (244)  Equity in earnings from consolidated subsidiaries 16,522 — — (16,522) —  Other income (expense) 8 428 — — 436  Income before income tax expense 10,201 25,418 — (16,522) 19,097  Income tax expense 2,941 (8,896) — — (5,955)  Net income $ 13,142 $ 16,522 $ — $ (16,522) $ 13,142           Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2017 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 514,008 $ — $ — $ 514,008  Land sales and other revenues — 4,389 — — 4,389  — 518,397 — — 518,397  Financial services revenue — — 1,743 — 1,743  Total revenues — 518,397 1,743 — 520,140  Homebuilding cost of revenues  Cost of homes sales revenues — (416,212) — — (416,212)  Cost of land sales and other revenues — (2,890) — — (2,890)  — (419,102) — — (419,102)  Financial services costs — — (2,199) — (2,199)  Selling, general and administrative (17,535) (49,897) — — (67,432)  Acquisition expense (1,439) — — — (1,439)  Equity in earnings from consolidated subsidiaries 32,400 — — (32,400) —  Equity in income of unconsolidated subsidiaries 3,931 — — — 3,931  Other income (expense) 357 868 36 — 1,261  Income before income tax expense 17,714 50,266 (420) (32,400) 35,160  Income tax expense 5,916 (17,593) 147 — (11,530)  Net income $ 23,630 $ 32,673 $ (273) $ (32,400) $ 23,630     Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues Homebuilding revenues  Home sales revenues $ — $ 438,260 $ — $ — $ 438,260  Land sales and other revenues — 5,478 — — 5,478  — 443,738 — — 443,738  Financial services revenue — — — — —  Total revenues — 443,738 — — 443,738  Homebuilding cost of revenues  Cost of homes sales revenues — (352,236) — — (352,236)  Cost of land sales and other revenues — (4,013) — — (4,013)  — (356,249) — — (356,249)  Financial services costs — — — — —  Selling, general and administrative (11,478) (45,090) — — (56,568)  Equity in earnings from consolidated subsidiaries 28,212 — — (28,212) —  Acquisition expense (413) — — — (413)  Other income (expense) 14 1,004 — — 1,018  Income before income tax expense 16,335 43,403 — (28,212) 31,526  Income tax expense 4,790 (15,191) — — (10,401)  Net income $ 21,125 $ 28,212 $ — $ (28,212) $ 21,125            Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (856) $ (27,369) $ (11,661) $ — $ (39,886)  Net cash used in investing activities $ (45,267) $ (4,690) $ (325) $ 44,447 $ (5,835)  Financing activities  Borrowings under revolving credit facilities $ 75,000 $ — $ — $ — $ 75,000  Payments on revolving credit facilities (270,000) — — — (270,000)  Proceeds from issuance of senior notes 523,000 — — — 523,000  Principal payments on notes payable — (2,541) — — (2,541)  Debt issuance costs (3,593) — — — (3,593)  Repurchases of common stock upon vesting of restricted stock awards (3,693) — — — (3,693)  Payments from (and advances to) parent/subsidiary — 43,045 1,402 (44,447) —  Net proceeds from mortgage repurchase facility — — 10,551 — 10,551  Net proceeds from issuances of common stock 24,333 — — — 24,333  Net cash provided by financing activities $ 345,047 $ 40,504 $ 11,953 $ (44,447) $ 353,057  Net decrease in cash and cash equivalents $ 298,924 $ 8,445 $ (33) $ — $ 307,336  Cash and cash equivalents  Beginning of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  End of period $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786        Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (10,020) $ (23,309) $ — $ — $ (33,329)  Net cash used in investing activities $ (23,108) $ (3,722) $ — $ 22,895 $ (3,935) Financing activities  Borrowings under revolving credit facilities $ 90,000 $ — $ — $ — $ 90,000  Payments on revolving credit facilities (65,000) — — — (65,000)  Principal payments from notes payable (24) (3,018) — — (3,042)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (904) — — — (904)  Payments from (and advances to) parent/subsidiary — 22,895 — (22,895) —  Net cash provided by financing activities $ 21,679 $ 19,877 $ — $ (22,895) $ 18,661  Net decrease in cash and cash equivalents $ (11,449) $ (7,154) $ — $ — $ (18,603) Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 10,553 $ 131 $ — $ — $ 10,684 

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	 17. Subsequent Events  On April 11, 2017, we announced that we had entered into a definitive agreement pursuant to which UCP, Inc. (NYSE: UCP) will be merged i nto the Company . UCP, Inc. is a homebuilder and land developer with expertise in residential land acquisition, development and entitlement, as well as home design, construction and sales, with operations in California, Washington, North Carolina, South Carolina and Tennessee. The transaction has been unanimously approved by the board of directors of both the Company and UCP and was also approved by UCP shareholders on August 1, 2017. Upon completion of the merger, each share of UCP Class A common stock outstanding immediately prior to the closing will be converted into the right to receive $5.32 in cash and 0.2309 of a newly issued share of our common stock. Approximately 4.2 million shares of our common stock are expected to be issued in connection with the transaction. The m erger is expected to close on August 4, 2017 . 

Basis of Presentation (Policy)

Basis of Presentation (Policy)	6 Months Ended
	Jun. 30, 2017
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation Century Communities, Inc. (which we refer to as “we,” “CCS,” or the “Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, Salt Lake City, Utah, Atlanta, Georgia, and Charlotte, North Carolina. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah. Additionally, our indirect wholly-owned subsidiaries Inspire Home Loans Inc. and Parkway Title, LLC, which provide mortgage and title services to our home buyers, respectively, have been identified as our Financial Services operating segment. The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (which we refer to as “GAAP”) for interim financial statements and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (which we refer to as the “SEC”). In the o pinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by GAAP and should be read in conjunction with the consolidated financial statements for the year ended December 31, 2016, which are included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 that was filed with the SEC on February 15, 2017.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and variable interest entities for which the Company is deemed to be the primary beneficiary. All intercompany accounts and transactions have been eliminated.
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale We use best efforts commitments with various investors to mitigate the risk associated with mortgage loans held for sale. Best efforts commitments which fix the forward sales price that will be realized in the secondary market are used to eliminate our interest rate and price risks. These best effort commitments are considered derivative instruments under ASC 815, “Derivatives and Hedging,” however, we do not have any derivative instrument s designated as hedging instruments as of June 30, 2017. Substantially all of the loans originated by us and their related servicing rights are sold in the secondary mortgage market within a short period of time after origination, generally within 30 days. In accordance with ASC 825, “Financial Instruments” (“ASC 825”), we use the fair value option to record residential mortgage loans available-for-sale at the price they are committed to be sold under the best effort s commitments.  Expected gains and losses from the sale of our loans held for sale are included in the measurement of written loan commitments that are accounted for at fair value through Financial Services revenues at the time of commitment. As of June 30, 2017, mortgage loans available-for-sale had an aggregate fair value of $ 11.2 million and an aggregate outstanding principal balance of $10.7 million. The net gain resulting from changes in fair value of the best effort s commitments and mortgage loans held in inventory totaled $0.5 million for the three and six months ended June 30, 2017. Realized net gains from the sale of mortgages during the six months ended June 30, 2017 were $0.2 million and have been included in Financial Services revenues.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Reclassifications	Reclassification Certain items on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2016 have been reclassified to conform to our current presentation. We have included “Golf course and other revenue” with “Land sales and other revenues”; we have included “Cost of golf course and other revenue” with “Cost of land sales and other revenues”; and we have combined “Interest income,” “Interest expense,” and “Gain on disposition of assets” into “Other income (expense)” in our current presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. Although we have not yet adopted ASU 2015-14, we are evaluating our home sales contracts in each of our regions and have determined that there will not be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 2015-14. We are continuing to evaluate the other revenue streams and accounting treatment of other aspects of our business that may be affected by our adoption of ASU 2015-14. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for the Company beginning January 1, 2017 and interim periods within the annual periods. We have adopted this standard and as a result have realized excess tax benefits of $1.0 million, which is included as a reduction to “Income tax expense” in our Condensed Consolidated Statements of Operations. Our calculation of earnings per share was also modified to reflect a change to exclude excess tax benefits from assumed proceeds in our computation of diluted shares outstanding under the treasury method. We have elected to continue to estimate forfeitures in recognizing the expense for our equity awards. Employee taxes paid by withholding shares on vesting of stock compensation are classified as a financing activity in our Condensed Consolidated Statements of Cash Flows.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017. We do not believe that ASU 2016-15 will have a material effect on our consolidated financial statements.  In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU 2017-04 requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value. It eliminates Step 2 of the current two-step goodwill impairment test. ASU 2017-04 is effective for annual reporting periods in fiscal years beginning after December 15, 2019 and early adoption is permitted. We elected to early adopt ASU 2017-04 for the reporting period beginning January 1, 2017. Our adoption of ASU 2017-04 has not ha d a material effect on our condensed consolidated financial statements.

Reporting Segments (Tables)

Reporting Segments (Tables)	6 Months Ended
	Jun. 30, 2017
Reporting Segments [Abstract]
Schedule Of Total Revenue And Pretax Income By Segment	   Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Revenue:  Atlanta $ 81,466 $ 90,467 $ 156,856 $ 154,989  Central Texas 36,717 23,925 63,445 53,049  Charlotte — — — —  Colorado 106,986 98,024 192,577 166,870  Houston 7,633 15,619 11,795 23,094  Nevada 48,501 31,607 83,002 45,736  Utah 8,778 — 10,722 —  Financial Services 1,743 — 1,743 —  Corporate — — — —  Total revenue $ 291,824 $ 259,642 $ 520,140 $ 443,738   Income (loss) before income tax expense:  Atlanta $ 5,308 $ 8,729 $ 11,224 $ 13,979  Central Texas 3,223 1,936 5,921 4,112  Charlotte (516) — (616) —  Colorado 16,040 12,946 27,694 23,789  Houston (811) (892) (1,680) (1,686)  Nevada 5,621 3,740 9,323 4,607  Utah 251 (157) 19 (157)  Financial Services 57 — (697) —  Corporate (6,064) (7,205) (16,028) (13,118)  Total income before income tax expense $ 23,109 $ 19,097 $ 35,160 $ 31,526 
Schedule Of Total Assets By Segment	   June 30, December 31,  2017 2016  Atlanta $ 290,644 $ 262,448  Central Texas 125,920 112,612  Charlotte 20,064 4,907  Colorado 286,834 293,467  Houston 37,274 25,780  Nevada 234,043 231,057  Utah 43,580 17,133  Financial Services 18,448 —  Corporate 348,699 60,124  Total assets $ 1,405,506 $ 1,007,528 

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Schedule Of Inventories	   June 30, December 31,  2017 2016  Homes under construction $ 586,572 $ 455,454  Land and land development 304,752 373,496  Capitalized interest 35,668 28,935  Total inventories $ 926,992 $ 857,885 

Prepaid Expenses and Other As26

Prepaid Expenses and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	  June 30, December 31,  2017 2016  Prepaid insurance $ 9,071 $ 12,236  Lot option and escrow deposits 12,677 12,320  Performance deposits 1,862 1,544  Deferred financing costs revolving line of credit, net 2,289 2,637  Restricted cash 2,085 1,505  Secured notes receivable 5,798 2,850  Assets held for sale 5,869 5,857  Other 2,569 1,508  Total prepaid expenses and other assets $ 42,220 $ 40,457 

Accrued Expenses and Other Li27

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	   June 30, December 31,  2017 2016  Earnest money deposits $ 10,322 $ 7,304  Warranty reserve 3,057 2,479  Accrued compensation costs 7,762 12,603  Land development and home construction accruals 53,323 31,486  Accrued interest 6,557 3,039  Income taxes payable 5,752 783  Liabilities related to assets held for sale 208 193  Other 4,851 4,427  Total accrued expenses and other liabilities $ 91,832 $ 62,314 

Warranties (Tables)

Warranties (Tables)	6 Months Ended
	Jun. 30, 2017
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	  Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Beginning balance $ 2,731 $ 2,542 $ 2,479 $ 2,622  Warranty expense provisions 705 822 1,582 1,392  Payments (379) (375) (748) (640)  Warranty adjustment — (235) (256) (620)  Ending balance $ 3,057 $ 2,754 $ 3,057 $ 2,754 

Interest (Tables)

Interest (Tables)	6 Months Ended
	Jun. 30, 2017
Interest [Abstract]
Schedule Of Capitalized Interest Costs	  Three Months Ended June 30, Six Months Ended June 30,  2017 2016 2017 2016  Interest capitalized beginning of period $ 31,713 $ 24,846 $ 28,935 $ 21,533  Interest capitalized during period 10,830 6,649 18,564 13,029  Less: capitalized interest in cost of sales (6,875) (4,918) (11,831) (7,985)  Interest capitalized end of period $ 35,668 $ 26,577 $ 35,668 $ 26,577 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	  June 30, 2017 December 31, 2016  Hierarchy Carrying Fair Value Carrying Fair Value  Secured notes receivable (1) Level 2 $ 5,798 $ 5,789 $ 2,850 $ 2,828  Mortgage loans held for sale (2) Level 2 $ 11,235 $ 11,235 $ — $ —   6.875% senior notes (3) Level 2 $ 378,573 $ 394,783 $ 253,089 $ 260,090  5.875 % senior notes (3) Level 2 $ 394,819 $ 391,819 $ — $ —  Revolving line of credit (4) Level 2 $ — $ — $ 195,000 $ 195,000  Insurance premium notes (4) Level 2 $ 3,457 $ 3,457 $ 5,999 $ 5,999  Mortgage repurchase facilities (4) Level 2 $ 10,551 $ 10,551 $ — $ — (1) Estimated fair value of the secured notes received was based on cash flow models discounted at market interest rates that considered the underlying risks of the note. (2) The mortgage loans held for sale are carried at fair value as of June 30, 2017, which was based on quoted market prices for those committed mortgage loans. (3) Estimated fair value of the senior notes as of June 30, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets. (4) Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Stock-Based Compensation [Abstract]
Summary Of Outstanding Restricted Stock Awards And Units	  As of June 30, 2017  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 149 538 687  Unrecognized compensation cost $ 1,495 $ 7,149 $ 8,644  Period to recognize compensation cost 0.6 years 1.8 years 1.6 years (average) 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	  Three Months Ended Six Months Ended  June 30, June 30,  2017 2016 2017 2016  Numerator  Net income $ 14,831 $ 13,142 $ 23,630 $ 21,125  Less: Undistributed earnings allocated to participating securities (101) (280) (251) (530)  Net income allocable to common stockholders $ 14,730 $ 12,862 $ 23,379 $ 20,595  Denominator  Weighted average common shares outstanding - basic 22,146,124 20,649,910 21,814,860 20,628,598  Dilutive effect of restricted stock units 219,953 97,402 215,102 58,099  Weighted average common shares outstanding - diluted 22,366,077 20,747,312 22,029,962 20,686,697  Earnings per share:  Basic $ 0.67 $ 0.62 $ 1.07 $ 1.00  Diluted $ 0.66 $ 0.62 $ 1.06 $ 1.00 

Supplemental Guarantor Inform33

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2017
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	   Supplemental Condensed Consolidated Balance Sheet  As of June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786  Cash held in escrow — 25,704 276 — 25,980  Accounts receivable — 8,054 155 — 8,209  Investment in consolidated subsidiaries 973,571 — — (973,571) —  Inventories — 926,992 — — 926,992  Mortgage loans held for sale — — 11,235 — 11,235  Prepaid expenses and other assets 5,933 35,985 302 — 42,220  Property and equipment, net 1,712 10,082 347 — 12,141  Investment in unconsolidated subsidiaries 18,356 — — 18,356  Amortizable intangible assets, net — 2,222 — — 2,222  Goodwill — 21,365 — — 21,365  Total assets $ 1,313,133 $ 1,047,495 $ 18,449 $ (973,571) $ 1,405,506  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 167 $ 4,029 $ 128 $ — $ 4,324  Accrued expenses and other liabilities 17,624 74,017 191 — 91,832  Deferred tax liability 123 — — — 123  Senior notes payable 773,392 3,457 — — 776,849  Revolving line of credit — — — — —  Mortgage repurchase facility — — 10,551 — 10,551  Total liabilities 791,306 81,503 10,870 — 883,679  Stockholders’ equity: 521,827 965,992 7,579 (973,571) 521,827  Total liabilities and stockholders’ equity $ 1,313,133 $ 1,047,495 $ 18,449 $ (973,571) $ 1,405,506    Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in consolidated subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528 Liabilities and stockholders’ equity Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Senior and other notes payable 253,089 5,999 — — 259,088  Revolving line of credit 195,000 — — — 195,000  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528   
Supplemental Condensed Consolidated Statement Of Operations	   Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 287,588 $ — $ — $ 287,588  Land sales and other revenues — 2,493 — — 2,493  — 290,081 — — 290,081  Financial services revenue — — 1,502 241 1,743  Total revenues — 290,081 1,502 241 291,824  Homebuilding cost of revenues  Cost of homes sales revenues — (233,888) — — (233,888)  Cost of land sales and other revenues — (1,746) — — (1,746)  — (235,634) — — (235,634)  Financial services costs — — (1,445) — (1,445)  Selling, general and administrative (7,587) (26,633) — — (34,220)  Acquisition expense (916) — — — (916)  Equity in earnings from consolidated subsidiaries 18,687 — — (18,687) —  Equity in income of unconsolidated subsidiaries 2,676 — — — 2,676  Other income (expense) 316 508 — — 824  Income before income tax expense 13,176 28,322 57 (18,446) 23,109  Income tax expense 1,655 (9,913) (20) — (8,278)  Net income $ 14,831 $ 18,409 $ 37 $ (18,446) $ 14,831      Supplemental Condensed Consolidated Statement of Operations  For the Three Months Ended June 30, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 257,179 $ — $ — $ 257,179  Land sales and other revenues — 2,463 — — 2,463  — 259,642 — — 259,642  Financial services revenue — — — — —  Total revenues — 259,642 — — 259,642  Homebuilding cost of revenues  Cost of homes sales revenues — (207,883) — — (207,883)  Cost of land sales and other revenues — (1,471) — — (1,471)  — (209,354) — — (209,354)  Financial services costs — — — — —  Selling, general and administrative (6,085) (25,298) — — (31,383)  Acquisition expense (244) — — — (244)  Equity in earnings from consolidated subsidiaries 16,522 — — (16,522) —  Other income (expense) 8 428 — — 436  Income before income tax expense 10,201 25,418 — (16,522) 19,097  Income tax expense 2,941 (8,896) — — (5,955)  Net income $ 13,142 $ 16,522 $ — $ (16,522) $ 13,142           Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2017 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues  Homebuilding revenues  Home sales revenues $ — $ 514,008 $ — $ — $ 514,008  Land sales and other revenues — 4,389 — — 4,389  — 518,397 — — 518,397  Financial services revenue — — 1,743 — 1,743  Total revenues — 518,397 1,743 — 520,140  Homebuilding cost of revenues  Cost of homes sales revenues — (416,212) — — (416,212)  Cost of land sales and other revenues — (2,890) — — (2,890)  — (419,102) — — (419,102)  Financial services costs — — (2,199) — (2,199)  Selling, general and administrative (17,535) (49,897) — — (67,432)  Acquisition expense (1,439) — — — (1,439)  Equity in earnings from consolidated subsidiaries 32,400 — — (32,400) —  Equity in income of unconsolidated subsidiaries 3,931 — — — 3,931  Other income (expense) 357 868 36 — 1,261  Income before income tax expense 17,714 50,266 (420) (32,400) 35,160  Income tax expense 5,916 (17,593) 147 — (11,530)  Net income $ 23,630 $ 32,673 $ (273) $ (32,400) $ 23,630     Supplemental Condensed Consolidated Statement of Operations  For the Six Months Ended June 30, 2016 ( in thousands )   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenues Homebuilding revenues  Home sales revenues $ — $ 438,260 $ — $ — $ 438,260  Land sales and other revenues — 5,478 — — 5,478  — 443,738 — — 443,738  Financial services revenue — — — — —  Total revenues — 443,738 — — 443,738  Homebuilding cost of revenues  Cost of homes sales revenues — (352,236) — — (352,236)  Cost of land sales and other revenues — (4,013) — — (4,013)  — (356,249) — — (356,249)  Financial services costs — — — — —  Selling, general and administrative (11,478) (45,090) — — (56,568)  Equity in earnings from consolidated subsidiaries 28,212 — — (28,212) —  Acquisition expense (413) — — — (413)  Other income (expense) 14 1,004 — — 1,018  Income before income tax expense 16,335 43,403 — (28,212) 31,526  Income tax expense 4,790 (15,191) — — (10,401)  Net income $ 21,125 $ 28,212 $ — $ (28,212) $ 21,125 
Supplemental Condensed Consolidated Statement Of Cash Flows	   Supplemental Condensed Consolidated Statement of Cash Flows  For the Six Months Ended June 30, 2017 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (856) $ (27,369) $ (11,661) $ — $ (39,886)  Net cash used in investing activities $ (45,267) $ (4,690) $ (325) $ 44,447 $ (5,835)  Financing activities  Borrowings under revolving credit facilities $ 75,000 $ — $ — $ — $ 75,000  Payments on revolving credit facilities (270,000) — — — (270,000)  Proceeds from issuance of senior notes 523,000 — — — 523,000  Principal payments on notes payable — (2,541) — — (2,541)  Debt issuance costs (3,593) — — — (3,593)  Repurchases of common stock upon vesting of restricted stock awards (3,693) — — — (3,693)  Payments from (and advances to) parent/subsidiary — 43,045 1,402 (44,447) —  Net proceeds from mortgage repurchase facility — — 10,551 — 10,551  Net proceeds from issuances of common stock 24,333 — — — 24,333  Net cash provided by financing activities $ 345,047 $ 40,504 $ 11,953 $ (44,447) $ 353,057  Net decrease in cash and cash equivalents $ 298,924 $ 8,445 $ (33) $ — $ 307,336  Cash and cash equivalents  Beginning of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  End of period $ 313,561 $ 17,091 $ 6,134 $ — $ 336,786        Supplemental Condensed Consolidated Statement of Cash Flows For the Six Months Ended June 30, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (10,020) $ (23,309) $ — $ — $ (33,329)  Net cash used in investing activities $ (23,108) $ (3,722) $ — $ 22,895 $ (3,935) Financing activities  Borrowings under revolving credit facilities $ 90,000 $ — $ — $ — $ 90,000  Payments on revolving credit facilities (65,000) — — — (65,000)  Principal payments from notes payable (24) (3,018) — — (3,042)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (904) — — — (904)  Payments from (and advances to) parent/subsidiary — 22,895 — (22,895) —  Net cash provided by financing activities $ 21,679 $ 19,877 $ — $ (22,895) $ 18,661  Net decrease in cash and cash equivalents $ (11,449) $ (7,154) $ — $ — $ (18,603) Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 10,553 $ 131 $ — $ — $ 10,684 

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)segment
Summary of Significant Accounting Policies [Line Items]
Number of operating segments | segment		7
Mortgage loans available-for-sale	$ 11,235	$ 11,235
Mortgage loans available-for-sale outstanding principal balance	10,700	10,700
Net gain from changes in fair value of mortgage loans held in inventory	$ 500	500
Realized net gains from the sale of mortgages		200
ASU 2016-09 [Member]
Summary of Significant Accounting Policies [Line Items]
Excess tax benefit		$ 1,000

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Segment Reporting Information) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)segment	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			7
Total revenue	$ 291,824	$ 259,642	$ 520,140	$ 443,738
Total income (loss) before income tax expense	23,109	19,097	35,160	31,526
Total assets	1,405,506		1,405,506		$ 1,007,528
Atlanta [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	81,466	90,467	156,856	154,989
Total income (loss) before income tax expense	5,308	8,729	11,224	13,979
Total assets	290,644		290,644		262,448
Central Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	36,717	23,925	63,445	53,049
Total income (loss) before income tax expense	3,223	1,936	5,921	4,112
Total assets	125,920		125,920		112,612
Charlotte [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	(516)		(616)
Total assets	20,064		20,064		4,907
Colorado [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	106,986	98,024	192,577	166,870
Total income (loss) before income tax expense	16,040	12,946	27,694	23,789
Total assets	286,834		286,834		293,467
Houston [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	7,633	15,619	11,795	23,094
Total income (loss) before income tax expense	(811)	(892)	(1,680)	(1,686)
Total assets	37,274		37,274		25,780
Nevada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	48,501	31,607	83,002	45,736
Total income (loss) before income tax expense	5,621	3,740	9,323	4,607
Total assets	234,043		234,043		231,057
Utah [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	8,778		10,722
Total income (loss) before income tax expense	251	(157)	19	(157)
Total assets	43,580		43,580		17,133
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	1,743		1,743
Total income (loss) before income tax expense	57		(697)
Total assets	18,448		18,448
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income (loss) before income tax expense	(6,064)	$ (7,205)	(16,028)	$ (13,118)
Total assets	$ 348,699		$ 348,699		$ 60,124

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Inventories [Abstract]
Homes under construction	$ 586,572		$ 455,454
Land and land development	304,752		373,496
Capitalized interest	35,668	$ 31,713	28,935	$ 26,577	$ 24,846	$ 21,533
Total inventories	$ 926,992		$ 857,885

Prepaid Expenses and Other As37

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 9,071	$ 12,236
Lot option and escrow deposits	12,677	12,320
Performance deposits	1,862	1,544
Deferred financing costs revolving line of credit, net	2,289	2,637
Restricted cash	2,085	1,505
Secured note receivable	5,798	2,850
Assets held for sale	5,869	5,857
Other	2,569	1,508
Total prepaid expenses and other assets	$ 42,220	$ 40,457

Investment in Unconsolidated 38

Investment in Unconsolidated Subsidiaries (Narrative) (Details) - USD ($) $ in Thousands	Nov. 01, 2016	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries		$ 18,356	$ 18,356	$ 18,275
Equity in income of unconsolidated subsidiaries		2,676	3,931
Distribution of income from unconsolidated subsidiaries		$ 3,000	$ 3,852
WJH [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50.00%
Investment in unconsolidated subsidiaries	$ 15,000
Potential indemnification claims amount	$ 1,000
Indemnification claims period	18 months
Incurred acquisition-related costs	$ 100
Formation [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated subsidiaries	$ 3,000

Accrued Expenses and Other Li39

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 10,322		$ 7,304
Warranty reserve	3,057	$ 2,731	2,479	$ 2,754	$ 2,542	$ 2,622
Accrued compensation costs	7,762		12,603
Land development and home construction accruals	53,323		31,486
Accrued interest	6,557		3,039
Income taxes payable	5,752		783
Liabilities related to assets held for sale	208		193
Other	4,851		4,427
Total accrued expenses and other liabilities	$ 91,832		$ 62,314

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Warranties [Abstract]
Beginning balance	$ 2,731	$ 2,542	$ 2,479	$ 2,622
Warranty expense provisions	705	822	1,582	1,392
Payments	(379)	(375)	(748)	(640)
Warranty adjustment		(235)	(256)	(620)
Ending balance	$ 3,057	$ 2,754	$ 3,057	$ 2,754

Notes Payable and Revolving L41

Notes Payable and Revolving Line of Credit (Narrative) (Details)

Apr. 10, 2017USD ($)

Feb. 24, 2017USD ($)

Aug. 19, 2016USD ($)

Jul. 31, 2015USD ($)

Jul. 30, 2015USD ($)

Oct. 21, 2014USD ($)

May 31, 2017USD ($)

Apr. 30, 2017USD ($)

Jan. 31, 2017USD ($)

Oct. 31, 2015USD ($)

Apr. 30, 2015USD ($)

Feb. 28, 2015USD ($)

May 31, 2014USD ($)

Jun. 30, 2017USD ($)loan

Feb. 23, 2017USD ($)

Dec. 31, 2016USD ($)

Aug. 18, 2016USD ($)

Jun. 30, 2016USD ($)

Dec. 22, 2015USD ($)

Dec. 21, 2015USD ($)

Debt Instrument [Line Items]

Line of credit facility, outstanding amount

$ 195,000,000

Outstanding amount, mortgage loans held for sale

$ 10,551,000

Initial Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Net proceeds from issuance of senior debt

$ 193,300,000

Discount rate

99.239%

Maturity year

2,022

Initial Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Interest rate

6.875%

Maturity year

2,022

Notes outstanding

$ 378,600,000

April 2015 Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 60,000,000

Net proceeds from issuance of senior debt

$ 58,500,000

Interest rate

6.875%

Discount rate

98.26%

Maturity year

2,022

October 2015 Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 60,000,000

Interest rate

6.875%

Maturity year

2,022

Insurance Premium Note [Member]

Debt Instrument [Line Items]

Number of notes payable | loan

1

Interest rate

3.88%

Maturity date

2017-12

Insurance premium notes, outstanding

$ 3,500,000

$ 6,000,000

Repayments of notes

$ 100,000

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 80,000,000

Letter of credit sublimit

20,000,000

Covenant description

The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries' (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries' (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries' consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0, based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to our tangible net worth.  As a result of the issuance of our 5.875% senior notes, our leverage ratio was 1.58 to 1.0 as of June 30, 2017. We have received a waiver from the Administrative Agent and the Required Lenders (as defined in the Credit Agreement) regarding the leverage ratio exceeding the 1.50 to 1.0 requirement under the Credit Agreement as of June 30, 2017. The waiver is applicable until our Compliance Certificate is due for the fiscal quarter ended September 30, 2017.

Commitment fee percentage

0.20%

Consolidated tangible net worth

$ 250,000,000

Percentage of proceeds from equity issuance

50.00%

Percentage of subsidiaries' consolidated net income

50.00%

Liquidity value

$ 25,000,000

Revolving Credit Facility [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2017

Line of credit facility. maximum borrowing capacity

$ 120,000,000

$ 120,000,000

Revolving Credit Facility [Member] | Maximum [Member]

Debt Instrument [Line Items]

Leverage ratio

1.50

Interest coverage ratio

1.50

Risk asset ratio

1.25

Revolving Credit Facility [Member] | Minimum [Member]

Debt Instrument [Line Items]

Leverage ratio

1

Interest coverage ratio

1

Risk asset ratio

1

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

3.25%

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.75%

Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

2.25%

Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 200,000,000

$ 200,000,000

Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member] | Extended Maturity [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2018

Revolving Credit Facility [Member] | First Modification Agreement [Member] | Bank of America [Member]

Debt Instrument [Line Items]

Uncommitted option to increase credit facility

$ 100,000,000

$ 80,000,000

Revolving Credit Facility [Member] | Second Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 300,000,000

Revolving Credit Facility [Member] | Third Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2019

Line of credit facility. maximum borrowing capacity

$ 380,000,000

$ 300,000,000

Line of credit facility, increased amount

$ 80,000,000

Revolving Credit Facility [Member] | Commitment Increase Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 400,000,000

$ 380,000,000

Line of credit facility, increased amount

$ 20,000,000

Revolving Mortgage Loan Repurchase Facility [Member] | Master Repurchase Agreement [Member] | Inspire Home Loans Inc [Member]

Debt Instrument [Line Items]

Line of credit facility, termination date

Apr. 9, 2018

Revolving Mortgage Loan Repurchase Facility [Member] | Master Repurchase Agreement [Member] | Inspire Home Loans Inc [Member] | Branch Banking And Trust Company [Member]

Debt Instrument [Line Items]

Principal amount

$ 25,000,000

January 2017 Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 125,000,000

Net proceeds from issuance of senior debt

$ 125,400,000

Interest rate

6.875%

Discount rate

102.00%

Maturity year

2,022

April 2017 Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 125,000,000

Interest rate

6.875%

Maturity year

2,022

May 2017 Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 400,000,000

Net proceeds from issuance of senior debt

$ 395,500,000

Interest rate

5.875%

Discount rate

100.00%

Maturity year

2,025

Notes outstanding

$ 394,800,000

5.875% Senior Notes [Member] | Maximum [Member]

Debt Instrument [Line Items]

Leverage ratio

1.58

5.875% Senior Notes [Member] | Minimum [Member]

Debt Instrument [Line Items]

Leverage ratio

1

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest [Abstract]
Interest capitalized beginning of period	$ 31,713	$ 24,846	$ 28,935	$ 21,533
Interest capitalized during period	10,830	6,649	18,564	13,029
Less: capitalized interest in cost of sales	(6,875)	(4,918)	(11,831)	(7,985)
Interest capitalized end of period	$ 35,668	$ 26,577	$ 35,668	$ 26,577

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Abstract]
Effective tax rate			35.60%
Blended federal and state effective tax rate			37.40%
Percentage of estimated benefits from additional deductions			1.80%
Income tax expense	$ 8,278	$ 5,955	$ 11,530	$ 10,401

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans held for sale		$ 11,235
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	5,798	$ 2,850
Mortgage loans held for sale	[2]	11,235
6.875% senior notes	[3]	378,573	253,089
5.875% senior notes	[3]	394,819
Revolving line of credit	[4]		195,000
Insurance premium notes	[4]	3,457	5,999
Mortgage repurchase facilities	[4]	10,551
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured notes receivable	[1]	5,789	2,828
Mortgage loans held for sale	[2]	11,235
6.875% senior notes	[3]	394,783	260,090
5.875% senior notes	[3]	391,819
Revolving line of credit	[4]		195,000
Insurance premium notes	[4]	3,457	$ 5,999
Mortgage repurchase facilities	[4]	$ 10,551
[1]	Estimated fair value of the secured notes received was based on cash flow models discounted at market interest rates that considered the underlying risks of the note.
[2]	The mortgage loans held for sale are carried at fair value as of June 30, 2017, which was based on quoted market prices for those committed mortgage loans.
[3]	Estimated fair value of the senior notes as of June 30, 2017 and December 31, 2016 incorporated recent trading activity in inactive markets.
[4]	Carrying amount approximates fair value due to short-term nature and interest rate terms.

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 2	$ 1.7	$ 3.9	$ 3.5
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted	11,600		200,000
Weighted average grant date fair value	$ 25.95		$ 23.12
Restricted Stock Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period			1 year
Restricted Stock Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards vesting period	3 years		3 years

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Outstanding Restricted Stock Awards And Units) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	687
Unrecognized compensation cost | $	$ 8,644
Period to recognize compensation cost	1 year 7 months 6 days
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	149
Unrecognized compensation cost | $	$ 1,495
Period to recognize compensation cost	7 months 6 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units | shares	538
Unrecognized compensation cost | $	$ 7,149
Period to recognize compensation cost	1 year 9 months 18 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 07, 2016	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common stock shares authorized		100,000,000	100,000,000	100,000,000
Common stock, par value		$ 0.01	$ 0.01	$ 0.01
Preferred stock shares authorized		50,000,000	50,000,000	50,000,000
Preferred stock, par value		$ 0.01	$ 0.01	$ 0.01
Common stock shares issued		22,648,968	22,648,968	21,620,544
Common stock shares outstanding		22,648,968	22,648,968	21,620,544
Net proceeds from issuances of common stock			$ 24,333
First Amended And Restated 2013 Long-Term Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares issued related to vesting of restricted stock awards		47,700	200,000
Common stock shares for stock award issuance		1,800,000	1,800,000
2017 Incentive Plan [Member]
Class of Stock [Line Items]
Common stock shares for stock award, available for issuance		1,400,000	1,400,000
Common stock shares rolled into plan		600,000	600,000
Distribution Agreement [Member]
Class of Stock [Line Items]
Aggregate offering price	$ 50,000
Common stock shares sold and issued		400,000	1,200,000
Net proceeds from issuances of common stock		$ 9,600	$ 24,600
Comissions and fees paid to Sales Agents		$ 200	$ 500

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017shares
Earnings Per Share [Abstract]
Anti-dilutive shares	113

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator
Net income	$ 14,831	$ 13,142	$ 23,630	$ 21,125
Less: Undistributed earnings allocated to participating securities	(101)	(280)	(251)	(530)
Net income allocable to common stockholders	$ 14,730	$ 12,862	$ 23,379	$ 20,595
Denominator
Weighted average common shares outstanding - basic	22,146,124	20,649,910	21,814,860	20,628,598
Dilutive effect of restricted stock units	219,953	97,402	215,102	58,099
Weighted average common shares outstanding - diluted	22,366,077	20,747,312	22,029,962	20,686,697
Earnings per share:
Basic	$ 0.67	$ 0.62	$ 1.07	$ 1
Diluted	$ 0.66	$ 0.62	$ 1.06	$ 1

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 72.1	$ 70.1

Supplemental Guarantor Inform51

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 336,786	$ 29,450	$ 10,684	$ 29,287
Cash held in escrow	25,980	20,044
Accounts receivable	8,209	5,729
Inventories	926,992	857,885
Mortgage loans held for sale	11,235
Prepaid expenses and other assets	42,220	40,457
Property and equipment, net	12,141	11,412
Investment in unconsolidated subsidiaries	18,356	18,275
Amortizable intangible assets, net	2,222	2,911
Goodwill	21,365	21,365
Total Assets	1,405,506	1,007,528
Liabilities:
Accounts payable	4,324	15,708
Accrued expenses and other liabilities	91,832	62,314
Deferred tax liability	123	1,782
Senior and other notes payable	776,849	259,088
Revolving line of credit		195,000
Mortgage repurchase facility	10,551
Total liabilities	883,679	533,892
Stockholders' equity:	521,827	473,636
Total liabilities and stockholders' equity	1,405,506	1,007,528
CCS [Member]
Assets
Cash and cash equivalents	313,561	14,637	10,553	22,002
Accounts receivable		2,980
Investment in consolidated subsidiaries	973,571	884,665
Prepaid expenses and other assets	5,933	14,628
Property and equipment, net	1,712	1,166
Investment in unconsolidated subsidiaries	18,356	18,275
Total Assets	1,313,133	936,351
Liabilities:
Accounts payable	167	257
Accrued expenses and other liabilities	17,624	12,587
Deferred tax liability	123	1,782
Senior and other notes payable	773,392	253,089
Revolving line of credit		195,000
Total liabilities	791,306	462,715
Stockholders' equity:	521,827	473,636
Total liabilities and stockholders' equity	1,313,133	936,351
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	17,091	8,646	$ 131	$ 7,285
Cash held in escrow	25,704	20,044
Accounts receivable	8,054	2,749
Inventories	926,992	857,885
Prepaid expenses and other assets	35,985	25,662
Property and equipment, net	10,082	10,224
Amortizable intangible assets, net	2,222	2,911
Goodwill	21,365	21,365
Total Assets	1,047,495	949,486
Liabilities:
Accounts payable	4,029	15,575
Accrued expenses and other liabilities	74,017	49,697
Senior and other notes payable	3,457	5,999
Total liabilities	81,503	71,271
Stockholders' equity:	965,992	878,215
Total liabilities and stockholders' equity	1,047,495	949,486
Non Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	6,134	6,167
Cash held in escrow	276
Accounts receivable	155
Mortgage loans held for sale	11,235
Prepaid expenses and other assets	302	167
Property and equipment, net	347	22
Total Assets	18,449	6,356
Liabilities:
Accounts payable	128	(124)
Accrued expenses and other liabilities	191	30
Mortgage repurchase facility	10,551
Total liabilities	10,870	(94)
Stockholders' equity:	7,579	6,450
Total liabilities and stockholders' equity	18,449	6,356
Elimination Entries [Member]
Assets
Investment in consolidated subsidiaries	(973,571)	(884,665)
Total Assets	(973,571)	(884,665)
Liabilities:
Stockholders' equity:	(973,571)	(884,665)
Total liabilities and stockholders' equity	$ (973,571)	$ (884,665)

Supplemental Guarantor Inform52

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Home sales revenues	$ 287,588	$ 257,179	$ 514,008	$ 438,260
Land sales and other revenues	2,493	2,463	4,389	5,478
Homebuilding revenues	290,081	259,642	518,397	443,738
Financial services revenue	1,743		1,743
Total revenues	291,824	259,642	520,140	443,738
Cost of home sales revenues	(233,888)	(207,883)	(416,212)	(352,236)
Costs of land sales and other revenues	(1,746)	(1,471)	(2,890)	(4,013)
Homebuilding cost of revenues	(235,634)	(209,354)	(419,102)	(356,249)
Financial services costs	(1,445)		(2,199)
Selling, general, and administrative	(34,220)	(31,383)	(67,432)	(56,568)
Acquisition expense	(916)	(244)	(1,439)	(413)
Equity in income of unconsolidated subsidiaries	2,676		3,931
Other income (expense)	824	436	1,261	1,018
Income before income tax expense	23,109	19,097	35,160	31,526
Income tax expense	(8,278)	(5,955)	(11,530)	(10,401)
Net income	14,831	13,142	23,630	21,125
CCS [Member]
Revenues
Selling, general, and administrative	(7,587)	(6,085)	(17,535)	(11,478)
Acquisition expense	(916)	(244)	(1,439)	(413)
Equity in earnings from consolidated subsidiaries	18,687	16,522	32,400	28,212
Equity in income of unconsolidated subsidiaries	2,676		3,931
Other income (expense)	316	8	357	14
Income before income tax expense	13,176	10,201	17,714	16,335
Income tax expense	1,655	2,941	5,916	4,790
Net income	14,831	13,142	23,630	21,125
Guarantor Subsidiaries [Member]
Revenues
Home sales revenues	287,588	257,179	514,008	438,260
Land sales and other revenues	2,493	2,463	4,389	5,478
Homebuilding revenues	290,081	259,642	518,397	443,738
Total revenues	290,081	259,642	518,397	443,738
Cost of home sales revenues	(233,888)	(207,883)	(416,212)	(352,236)
Costs of land sales and other revenues	(1,746)	(1,471)	(2,890)	(4,013)
Homebuilding cost of revenues	(235,634)	(209,354)	(419,102)	(356,249)
Selling, general, and administrative	(26,633)	(25,298)	(49,897)	(45,090)
Other income (expense)	508	428	868	1,004
Income before income tax expense	28,322	25,418	50,266	43,403
Income tax expense	(9,913)	(8,896)	(17,593)	(15,191)
Net income	18,409	16,522	32,673	28,212
Non Guarantor Subsidiaries [Member]
Revenues
Financial services revenue	1,502		1,743
Total revenues	1,502		1,743
Financial services costs	(1,445)		(2,199)
Other income (expense)			36
Income before income tax expense	57		(420)
Income tax expense	(20)		147
Net income	37		(273)
Elimination Entries [Member]
Revenues
Financial services revenue	241
Total revenues	241
Equity in earnings from consolidated subsidiaries	(18,687)	(16,522)	(32,400)	(28,212)
Income before income tax expense	(18,446)	(16,522)	(32,400)	(28,212)
Net income	$ (18,446)	$ (16,522)	$ (32,400)	$ (28,212)

Supplemental Guarantor Inform53

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	$ (39,886)	$ (33,329)
Net cash used in investing activities	(5,835)	(3,935)
Financing activities
Borrowings under revolving credit facilities	75,000	90,000
Payments on revolving credit facilities	(270,000)	(65,000)
Proceeds from issuance senior notes	523,000
Principal payments on notes payable	(2,541)	(3,042)
Debt issuance costs	(3,593)
Repurchases of common stock under our stock repurchase program		(2,393)
Repurchases of common stock upon vesting of restricted stock awards	(3,693)	(904)
Net proceeds from mortgage repurchase facility	10,551
Net proceeds from issuances of common stock	24,333
Net cash provided by financing activities	353,057	18,661
Net decrease in cash and cash equivalents	307,336	(18,603)
Cash and cash equivalents, Beginning of period	29,450	29,287
Cash and cash equivalents, End of period	336,786	10,684
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in investing activities	44,447	22,895
Financing activities
Payments from (and advances to) parent/subsidiary	(44,447)	(22,895)
Net cash provided by financing activities	(44,447)	(22,895)
CCS [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(856)	(10,020)
Net cash used in investing activities	(45,267)	(23,108)
Financing activities
Borrowings under revolving credit facilities	75,000	90,000
Payments on revolving credit facilities	(270,000)	(65,000)
Proceeds from issuance senior notes	523,000
Principal payments on notes payable		(24)
Debt issuance costs	(3,593)
Repurchases of common stock under our stock repurchase program		(2,393)
Repurchases of common stock upon vesting of restricted stock awards	(3,693)	(904)
Net proceeds from issuances of common stock	24,333
Net cash provided by financing activities	345,047	21,679
Net decrease in cash and cash equivalents	298,924	(11,449)
Cash and cash equivalents, Beginning of period	14,637	22,002
Cash and cash equivalents, End of period	313,561	10,553
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(27,369)	(23,309)
Net cash used in investing activities	(4,690)	(3,722)
Financing activities
Principal payments on notes payable	(2,541)	(3,018)
Payments from (and advances to) parent/subsidiary	43,045	22,895
Net cash provided by financing activities	40,504	19,877
Net decrease in cash and cash equivalents	8,445	(7,154)
Cash and cash equivalents, Beginning of period	8,646	7,285
Cash and cash equivalents, End of period	17,091	$ 131
Non Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used in) operating activities	(11,661)
Net cash used in investing activities	(325)
Financing activities
Payments from (and advances to) parent/subsidiary	1,402
Net proceeds from mortgage repurchase facility	10,551
Net cash provided by financing activities	11,953
Net decrease in cash and cash equivalents	(33)
Cash and cash equivalents, Beginning of period	6,167
Cash and cash equivalents, End of period	$ 6,134

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) shares in Millions	Apr. 11, 2017$ / sharesshares
UCP, Inc [Member]
Subsequent Event [Line Items]
Merger expected closing date	Aug. 4, 2017
Common Class A [Member] | UCP, Inc [Member]
Subsequent Event [Line Items]
Conversion of stock, cash | $ / shares	$ 5.32
Century Common Stock [Member]
Subsequent Event [Line Items]
Conversion of stock, ratio	0.2309%
Shares expected to be issued in connection to merger | shares	4.2