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) plans to release its 2021 third quarter earnings on October 28, 2021, before the market opens. A teleconference will follow at 12:30 pm ET, accessible by calling 844-757-5733. A replay will be available until November 4, 2021. Additionally, a live webcast will be hosted on their official website, with a replay available two hours after the call. Founded in 1972, MDC is one of the largest homebuilders in the U.S., having built over 220,000 homes since 1977.
Richmond American Homes of Idaho, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces its first community launch in the Legacy masterplan, Eagle, Idaho. Featuring five ranch-style floor plans, including the UltraGarage®, the community emphasizes personalization with options for finishes and fixtures. Located in Ada County, Legacy offers amenities like parks and a golf course. Richmond American has built over 210,000 homes across 12 states, highlighting their commitment to quality and customer satisfaction.
M.D.C. Holdings (NYSE: MDC) has increased its cash tender offer maximum from $100 million to $123.63 million for its 5.500% Senior Notes due 2024. As of September 16, 2021, $123.63 million in notes were tendered and accepted. The early settlement is expected on September 17, 2021, with a total consideration including an early tender premium of $30.00 per $1,000 principal amount. The tender offer will close on September 30, 2021, but no additional tenders are anticipated post-early tender time.
M.D.C. Holdings, Inc. has launched two new model homes, Dominic and Daniel, at their Stone Bluff community in Folsom, California. These ranch-style luxury homes feature hundreds of design options, with prices starting in the $700s. The models will be open for tours on September 18 and 19, 2021, showcasing six floor plans ranging from 1,940 to 2,510 sq.ft. This new development offers easy access to outdoor activities and shopping areas, enhancing the community's appeal. Homebuyers can also consult with design experts for personalized home options.
M.D.C. Holdings, Inc. (MDC) announced a cash tender offer to acquire up to $100 million of its 5.500% Senior Notes due 2024. The tender offer will be funded using cash on hand and is set to expire on September 30, 2021. Holders of validly tendered notes before the Early Tender Time on September 16, 2021 will receive a total consideration of $1,093.75 per $1,000 principal amount, including an early tender premium of $30.00. The offer is not contingent on a minimum amount of notes being tendered.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), announced the launch of two new model homes at Harvest at Spring Lake in Woodland, California. Homebuyers can tour the new Decker and Delaney models on August 21 and 22, with the community sales center open from 10 a.m. to 6 p.m. Prices start in the $600s, featuring customizable floor plans with 2 to 5 bedrooms. The development includes planned amenities like parks and trails, and is conveniently located near employment centers and UC Davis.
On August 10, 2021, M.D.C. Holdings, Inc. (NYSE: MDC) announced the grand opening of two model homes in Hopyard Farm, King George, Virginia. The Alexandrite and Hemingway models feature modern amenities and spacious designs. Homebuyers can explore eight available floor plans starting from the upper $300s, including several from the Seasons™ Collection. The community boasts various amenities such as an Olympic-sized pool and easy access to local attractions. Model home tours will be available on August 14 and 15, 2021.
M.D.C. Holdings, Inc. (NYSE: MDC) announced the grand opening of three model homes at Sutton at Parklane in Dixon, California, set for August 14-15, 2021. This new community features ranch and two-story homes starting from the $600s, offering four versatile floor plans with 2 to 5 bedrooms and approximately 2,010 to 3,680 sq. ft. Homebuyers can personalize their new homes with the help of professional design consultants. The neighborhood is conveniently located near amenities and within commuting distance of Sacramento and the Bay Area.
M.D.C. Holdings, Inc. (NYSE: MDC) has priced a public offering of $350 million in senior notes with a 3.966% interest rate, maturing in August 2061. The notes will be general unsecured obligations and rank equally with other unsecured debts, fully guaranteed by the company's subsidiaries. Proceeds from the offering are intended for general corporate purposes, including potential debt repayment. The offering is set to close on August 6, 2021, subject to standard conditions.
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