Welcome to our dedicated page for M.D.C. Holdings news (Ticker: MDC), a resource for investors and traders seeking the latest updates and insights on M.D.C. Holdings stock.
M.D.C. Holdings, Inc. (NYSE: MDC) is a prominent American homebuilding company founded in 1972. Through its subsidiaries, operating primarily under the name Richmond American Homes, MDC has been dedicated to helping over 240,000 families achieve the American Dream of home ownership. The company's mission is to design and build high-quality, value-driven homes while contributing to the communities they serve.
MDC's operations span across multiple states, including Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington. This vast geographic footprint allows MDC to cater to a diverse range of homebuyers and market demands.
In addition to homebuilding, MDC's subsidiaries provide a comprehensive suite of related services, including mortgage financing through HomeAmerican Mortgage Corporation, insurance services via American Home Insurance Agency, Inc., and title services through American Home Title and Escrow Company. This integrated approach ensures a seamless homebuying experience.
MDC has made significant strides in sustainability, as highlighted in their 2022 Corporate Sustainability Report. Notably, the company achieved a national average HERS® Index Rating of 49, an indicator of energy efficiency, surpassing their target three years ahead of schedule. This accomplishment reflects MDC's investment in sustainable building practices, such as expanding their solar program, which has saved 141,304 tons in CO2 emissions.
Richmond American Homes has also been recognized for its commitment to health and safety, receiving the Radon Star Award from the U.S. Environmental Protection Agency for its efforts in radon risk reduction. They have been proactively installing active radon control systems in new homes situated in high-radon areas since 2010.
In recent developments, MDC announced a definitive agreement to be acquired by Sekisui House, Ltd., a leading Japanese homebuilder, in a transaction valued at $4.9 billion. This acquisition, expected to close in the first half of 2024, will leverage Sekisui House's advanced technologies to enhance MDC's offerings and expand its market reach.
For more information, visit www.mdcholdings.com.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the grand opening of the Verbena and Wintergreen model homes at Willow Springs Ranch in Monument, Colorado. The event will take place on November 12, allowing prospective homebuyers to tour new models designed with modern layouts and features. Homes in this community start from the $400s and offer 3 to 4 bedrooms and sizes ranging from 1,640 to 2,010 sq. ft. The community is surrounded by protected wildlife habitats and offers easy access to shopping and dining, appealing to today's homebuyers.
M.D.C. Holdings, Inc. has expanded its solar leasing options to the Las Vegas area, allowing homebuyers the choice of leasing solar power systems or entering power purchase agreements. This initiative follows successful solar offerings in California and aims to support sustainability goals. Homebuyers in Las Vegas can potentially save on electricity costs with these agreements, locking in rates below current market prices. The company has already achieved significant environmental benefits, including savings of 89,616 tons in CO2 emissions through previously closed homes with solar panels.
M.D.C. Holdings, Inc. announces the grand opening of Bella at Piazza Serena in La Quinta, California, on November 5. This community features three single-story floor plans with 2 to 4 bedrooms, ranging from 2,440 to 2,830 sq. ft. Homebuyers can enjoy multi-generational suites and 3-car garages, with convenient access to local amenities like the Empire Polo Club. Tours are available from 10 a.m. to 6 p.m. on opening day. Interested buyers will have complimentary consultations with design consultants for customization options.
M.D.C. Holdings, Inc. (NYSE: MDC) is set to unveil two new neighborhoods, Alta and Soltera, at McSweeny Farms in Hemet, California, on November 5, 2022. These communities feature a variety of single- and two-story homes from the Seasons™ Collection, catering to diverse buyers. Model home tours will be available from 10 a.m. to 6 p.m. on the opening day. The masterplan offers prime access to highways, shopping, and recreational activities, alongside community amenities like a clubhouse and fitness center.
M.D.C Holdings, Inc. (NYSE: MDC) reported robust third-quarter 2022 results, with home sale revenues increasing 12% to $1.4 billion. Gross margins stood at 22.7%, while net income reached $144 million, or $1.98 per diluted share. Despite positive sales growth, the company faced challenges, including a significant 88% decline in new orders and a 970 basis point rise in cancellation rates. Executives noted the impact of economic uncertainties on buyer behavior, prompting a focus on cash flow and balance sheet preservation. MDC remains committed to navigating the current market conditions.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the grand opening of new model homes, Dillon and Delaney, at Teton Ranch in Herriman, Utah, on October 29. The community features eight ranch and two-story floor plans, priced from the low $700s, with options for personalized designs. Homebuyers are invited for tours from 12 to 2 p.m. on the opening day, accompanied by a complimentary lunch. Teton Ranch offers homes with 2 to 7 bedrooms and close proximity to amenities and the Oquirrh Mountains.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), will open the new community Seasons at Starview in Lancaster, California, on October 29, 2022. This development includes four single- and two-story floor plans priced from the low $500,000s, featuring 3 to 6 bedrooms and sizes from 1,750 to 3,040 sq. ft.. Model home tours will be available from 10 a.m. to 6 p.m. on the opening day. The community offers easy access to schools, shopping, and dining options, and buyers can customize their homes with design consultants.
M.D.C. Holdings, Inc. (NYSE: MDC) has declared a quarterly cash dividend of $0.50 per share on its common stock. This dividend will be payable on November 23, 2022 to shareholders on record as of November 9, 2022. As one of the leading homebuilders in the U.S., MDC's commitment to quality and customer satisfaction is reflected in its subsidiary's performance since its founding in 1972.
M.D.C. Holdings, Inc. (NYSE: MDC), via its subsidiary Richmond American Homes, has unveiled two new model homes at Seasons at Platte Place in Commerce City, Colorado. The ranch-style Alexandrite and two-story Lapis models feature modern layouts and luxury details to attract homebuyers. A Model Grand Opening Event is scheduled for October 22, 2022, from 12 to 3 p.m., offering free lunch and home tours. The home collection starts from the $500s and includes various flexible floor plans, with close access to schools, shopping, and major transport links.
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