CENTURY COMMUNITIES, INC. (NYSE:CCS) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

On April10, 2017, Inspire Home Loans Inc. (Inspire), a Delaware
corporation and an indirect wholly-owned subsidiary of Century
Communities, Inc. (Century Communities), entered into a Master
Repurchase Agreement (the Master Repurchase Agreement) with
Branch Banking and Trust Company, as the buyer thereunder (the
Buyer).

The Master Repurchase Agreement provides Inspire with a revolving
mortgage loan repurchase facility of up to $25 million (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, against the transfer of funds by the
Buyer, subject to a simultaneous agreement by the Seller to
repurchase from the Buyer such eligible loans (i)upon written
notice to the Buyer by the Seller, (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 Buyers commitment to fund
purchase transactions under the Repurchase Facility is $25
million (the Commitment), subject to certain sublimits. The
Repurchase Facility and the Buyers Commitment thereunder expires
on the earlier of (i)April9, 2018, and (ii)the date when the
Buyers Commitment is terminated to the Master Repurchase
Agreement or by operation of law (the Termination Date). Amounts
outstanding under the Repurchase Facility are not guaranteed by
Century Communities or any of its subsidiaries that guarantee
Century Communities senior notes.

The Master Repurchase Agreement contains various affirmative and
negative covenants applicable to Inspire that are customary for
arrangements of this type. The negative covenants include, among
others, certain limitations on transactions involving the
incurrence of debt, the creation of liens upon any of Inspires
properties, assets or revenues, and mergers or other fundamental
changes. Additional covenants include compliance with
quantitative thresholds related to: (i)Adjusted Tangible Net
Worth, (ii)Leverage Ratio, (iii)Current Ratio, (iv)Minimum
Liquidity, and (v)Net Income, each of which is defined in the
Master Repurchase Agreement.

The foregoing summary of the Master Repurchase Agreement and the
Repurchase Facility does not purport to be complete and is
qualified in its entirety by reference to the complete terms of
the Master Repurchase Agreement, which is filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated herein by
reference.

The information set forth above under Item1.01 (Entry into a
Material Definitive Agreement) is hereby incorporated into this
Item2.03 by reference.

CENTURY COMMUNITIES, INC. (NYSE:CCS) Recent Trading Information

CENTURY COMMUNITIES, INC. (NYSE:CCS) closed its last trading session down -0.85 at 25.55 with 166,900 shares trading hands.