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.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the opening of two model homes, Peridot and Moonstone, at Windsong at Winding Creek in Roseville, California, on June 4-5, 2022. This new community features homes from the Seasons™ Collection, priced from the $600s, offering four floor plans with open layouts. The location provides access to local amenities and protected land. Interested buyers can schedule tours by calling 916.472.7380 or visiting RichmondAmerican.com.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the debut of new model homes in Salt Lake City, with Richmond American Homes showcasing versatile floor plans. The Drumore at Overlake and Anderson Farms communities feature homes priced from the upper $400s and $600s, respectively, while the Jones Court community starts from the upper $600s. Buyers will benefit from hundreds of design options and expert consultations to customize their new homes. This expansion enhances MDC's presence in the Utah housing market.
M.D.C. Holdings, Inc. announces the grand opening of the Lapis model home at Seasons at Round Hill Meadows in Orange, Virginia, on May 28-29, 2022. The two-story Lapis features 9' ceilings, quartz countertops, stainless-steel appliances, and hardwood flooring, appealing to potential homebuyers. The community offers homes starting from the upper $300s with 3 to 5 bedrooms and sizes ranging from 1,160 to 2,390 sq. ft. Prospective buyers are invited to explore the model and various floor plans during the opening weekend.
M.D.C. Holdings, Inc. (NYSE: MDC) is set to present at the J.P. Morgan Homebuilding and Building Products Conference on May 17, 2022, at 9:45 a.m. ET. The presentation will be available live and for replay on the company's website. Founded in 1972, MDC is among the largest homebuilders in the U.S., having built over 220,000 homes. Its subsidiaries, including Richmond American Homes, operate across various metropolitan areas. MDC also offers mortgage, insurance, and title services through its subsidiaries.
M.D.C. Holdings announced strong Q1 2022 results, with a 34% increase in net income to $148.4 million or $2.02 per diluted share, driven by a 19% rise in home sale revenues to $1.24 billion. Gross margin improved by 380 basis points to 25.7%. Despite challenges in the supply chain, home deliveries increased by 3% to 2,233 units. The company forecasts home deliveries between 2,400 and 2,600 for Q2 and plans to acquire The Jones Company, enhancing its market presence.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), has announced plans for multiple new communities in the Albuquerque area, specifically targeting Rio Rancho. These developments will provide buyers with a broad range of home personalization options. The first community, Monarch at Mariposa, is set to open by year-end, while a second site, Seasons at Broadmoor Heights, is expected to close in May, with sales starting in June. Richmond American emphasizes personalization as a key differentiator in their offerings, aiming to make homeownership attainable for diverse buyers.
M.D.C. Holdings, Inc. (NYSE: MDC), a prominent homebuilder, has declared a quarterly cash dividend of $0.50 per share, payable on May 25, 2022, to shareholders on record as of May 11, 2022. The announcement underscores MDC's ongoing commitment to returning value to its shareholders, reflecting the company's stable financial position and confidence in future growth.
M.D.C. Holdings, Inc. (NYSE: MDC) announced its subsidiary, Richmond American Homes of Tennessee, will acquire the homebuilding assets of The Jones Company of Tennessee. The transaction is expected to close by Q2 2022, adding 10 selling communities, 1,700 lots, and 150 units in backlog. Jones closed over 370 homes in 2021 with revenues of $209 million, averaging $564,000 per home. This acquisition aims to strengthen Richmond American's presence in the Nashville market, supported by its land pipeline secured in the past year.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), has launched two new communities in Roseville, California: Seasons at Sierra Vista and Windsong at Winding Creek. Both communities feature a variety of floor plans from the Seasons™ Collection, aimed at making homeownership accessible. Prices start in the $500s, with options for single- and two-story homes, ranging from 2 to 6 bedrooms and approximately 1,590 to 2,630 sq. ft. Tours can be scheduled by prospective buyers via a dedicated line.
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