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 reported strong Q4 2021 results, with home sale revenues rising 22% year-over-year to $1.44 billion. The company achieved a record $5.10 billion in annual revenues, with net income increasing by 56% to $573.7 million. Average selling prices grew by 17%, while backlogs surged 32% to $4.3 billion. The financial restructuring included retiring $126 million in debt. MDC anticipates continued demand in 2022, projecting home deliveries between 10,500 and 11,000 units. The quarterly dividend was raised by 35%, reflecting a robust cash position.
M.D.C. Holdings, a leading homebuilder in the U.S., announced the appointment of Janice Sinden to its board of directors. Sinden, currently the President & CEO of the Denver Center for the Performing Arts, brings extensive leadership experience from her role as Chief of Staff for Denver's Mayor. Her appointment aims to enhance the board's diversity and perspective.
The board plans to nominate Sinden for election at the 2022 Annual Meeting of Shareholders, reinforcing MDC's commitment to strong governance.
M.D.C. Holdings, Inc. (NYSE: MDC) has announced a quarterly cash dividend of $0.50 per share on its common stock. This dividend will be paid on February 23, 2022, to shareholders recorded on February 9, 2022. As one of the leading homebuilders in the United States, M.D.C. Holdings, under the name Richmond American Homes, has built over 220,000 homes since 1977, emphasizing quality and customer satisfaction.
Richmond American Homes of Maryland, a subsidiary of M.D.C. Holdings (NYSE: MDC), is set to open the new Presley model home in Walnut Reserve, Owings Mills, on January 15-16, 2022. The two-story model features options like a gourmet kitchen and a deluxe owner's bath. Prices for new homes start in the mid $600s, with six floor plans available, including ranch-style options. The community is conveniently located near shopping, dining, and major highways. Homebuyers can customize their new homes with professional design consultants.
M.D.C. Holdings, operating as Richmond American Homes, is set to break ground on The Ridge at Carter's Station in Maury County, Tennessee, with sales expected to begin in Spring 2022. The new community will feature 124 homesites and various floor plans, including the Alexandrite and Hemingway. The development aims to cater to Nashville commuters, offering proximity to shopping and I-65. Richmond American emphasizes personalization in home design, enhancing buyer experience. This move signifies Richmond American's entry into the Nashville housing market.
Richmond American Homes of California, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the grand opening of three new model homes at Seasons at Stonebrook in Elk Grove on January 8-9, 2022. The community features ranch and two-story homes priced from the mid $600s, with five floor plans available, accommodating 3 to 6 bedrooms and 1,590 to 3,040 sq. ft. Amenities include proximity to Sacramento and numerous parks, alongside complimentary design consultations for home customization.
M.D.C. Holdings, Inc. (NYSE: MDC) announced that solar options are now available nationwide through its Richmond American Homes subsidiaries. This initiative follows successful solar implementations in California and Colorado, where 5,682 homes were built with solar panels, resulting in savings of 79,476 tons of CO2 emissions.
The company also introduced improved energy-reducing features such as efficient HVAC systems and electric vehicle charging prewiring. Solar options will not be available at Cityscape™ communities.
M.D.C. Holdings, Inc. (NYSE: MDC) will release its fourth quarter 2021 earnings on February 1, 2022, before the market opens. A teleconference is scheduled for 12:30 pm ET that day, accessible by calling 844-757-5733. A replay will be available until February 8, 2022. Investors can also access a live webcast on MDC's website. Founded in 1972, MDC is a leading homebuilder, having constructed over 220,000 homes and operates through subsidiaries like Richmond American Homes across major U.S. metropolitan areas.
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