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 Lapis model home in the new Seasons at Nester's Landing community, located in Essex, Maryland. The two-story model features premium finishes, including stainless-steel appliances and quartz countertops. Homebuyers can explore the Lapis model on September 10-11 from 10 a.m. to 6 p.m. The community offers new single-family homes starting in the low $500s, with up to 5 bedrooms, and provides convenient access to shopping and major highways. Interested buyers can customize their homes with professional design consultants.
M.D.C. Holdings has announced the grand opening of two new model homes, Ammolite and Larimar, at Seasons at Carillon, Manor, Texas. The homes feature modern layouts and spacious owner suites. A Model Grand Opening Event will take place on September 10, 2022, offering complimentary lunch and prize drawings. The community showcases homes starting from the low $400s, with various floor plans and amenities including a clubhouse, pool, and parks. M.D.C. Holdings, a leading homebuilder, has built over 230,000 homes since 1977 and operates across multiple states.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the grand opening of a new model home, the Hemingway, in Clarks Rest, Leonardtown, Maryland, on August 13-14, 2022. This two-story model features 9' ceilings, quartz countertops, and hardwood flooring. Clarks Rest offers four floor plans priced from the low $500s, with amenities like a clubhouse, pools, and walking trails. Homebuyers can customize their homes with design consultants. The property is conveniently located near major urban centers and notable attractions.
M.D.C. Holdings has announced the grand opening of two model homes, Avalon and Arlington, at Haskins Station in Arvada, Colorado, on August 6, 2022. The fully furnished homes showcase optional finished basements, targeting prospective buyers. The community features various home styles, including single-family and paired homes, with plans offering up to 6 bedrooms and approximately 3,820 sq. ft. Located near public transportation, the masterplan aims to enhance convenience for homeowners.
M.D.C Holdings, Inc. (NYSE: MDC) reported a strong second quarter for 2022, with net income rising 23% to $189.5 million, or $2.59 per diluted share. Home sale revenues grew by 6% to $1.45 billion, despite a 7% decline in unit deliveries to 2,536. The gross margin on home sales increased by 370 basis points to 26.8%. However, net orders fell by 40% due to rising interest rates and a downturn in consumer confidence. The company maintains a solid financial position with a debt-to-capital ratio of 34% and $1.74 billion in liquidity, positioning it well for future challenges.
M.D.C. Holdings, Inc. (NYSE: MDC) announced a quarterly cash dividend of $0.50 per share, payable on August 24, 2022, to shareholders of record on August 10, 2022. The company, founded in 1972, has built over 230,000 homes and operates under the subsidiary name Richmond American Homes. MDC is a leading homebuilder across various U.S. metropolitan areas, focusing on customer satisfaction, quality, and value.
Richmond American Homes, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), announces the opening of new model homes, the Palmer and Dillon II, at Stone Haven at White Rock Springs Ranch in Folsom, CA, starting July 30. These homes feature four innovative floor plans, with pricing starting from the mid $900s. Prospective buyers can schedule tours on July 30 and 31. Each two-story home offers 4 to 7 bedrooms and up to 3,810 sq. ft., situated near various amenities and convenient access to Sacramento.
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