Century Communities IPO Low Price Could Be Big Win

Century Communities home builders priced their initial public offering at $23, which was below the planned range as some investors worry about the housing sector stalling out. Co-CEO's Dale and Rob Francescon say that they are in very lucrative markets. Century is in Austin and San Antonio, Texas with plans to enter Houston. They are also seeing strong demand in Colorado and Nevada. The proceeds will be used to expand the business and buy more land. Century says that they have had no complaints about pricing. The brothers say that one of the cool amenities for some of their developments are water parks.