Century Communities is expanding its presence in Houston with the acquisition of Anglia Homes, No. 118 on the 2024 Next 100 List.
Century Communities has been an active builder in the Houston metro area since 2014. According to the builder, the acquisition more than doubles its Houston community count, adding over 25 communities. The deal also positions the 10th-ranked company on the 2024 Builder 100 to be a top five builder in the Houston metro.
The Houston-The Woodlands-Sugar Land metro came in second on Zonda’s recently released 2024 Local Leaders list, which ranks the top new-home markets by closings in 2023. According to Zonda, the metro had 32,791 new-home closings last year.
“Consistent with our strategy of increasing depth within existing markets in a land-light manner, this acquisition cements Century as a top five builder in the Houston metro, while also increasing our go-forward access to capital-efficient finished lots,” Jim Francescon, executive vice president of Century Communities, said. “We want to congratulate Mike Manners, James Hunter, and Thomas Manners for all they have accomplished in building Anglia Homes and welcome the Anglia Homes team to the Century family.”
Moving forward, Anglia Homes’ operations and assets—consisting of one- and two-story single-family floor plans priced from the mid-$200,000s to the high $400,000s—will transition to the Century Communities brand. According to data collected for the 2024 Builder 100, Anglia Homes closed 410 homes in 2023, generating $138 million in revenue. Whelan Advisory served as the exclusive financial adviser for Anglia Homes.
“We’re excited to continue on our strong track record of growth with our second home builder acquisition this year and the ninth in Century’s history,” said chief financial officer Scott Dixon. “Houston has been one of our strongest-performing metro areas for the past 10 years, and we’re confident that Anglia Homes is the perfect addition to continue executing on our strategy of profitable growth with high-quality, affordable single-family homes in this dynamic market.”
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