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 three model homes at Raven Oaks in Winchester, Virginia, on August 7-8, 2021. The homes include ranch-style and two-story designs featuring 9' ceilings, quartz countertops, and stainless-steel appliances. Prices start in the $400s, with seven innovative floor plans available, offering 3 to 6 bedrooms. The community will feature a pool and community center, with access to major routes and nearby amenities. Interested buyers can customize their homes with professional design consultants.
M.D.C Holdings, Inc. (NYSE: MDC) reported significant growth for Q2 2021, with home sales revenue soaring by 54% year-over-year to $1.37 billion. Unit deliveries increased 43% to 2,722, while the average selling price rose 8% to $502,000. The company saw a 121% jump in pretax income to $187.5 million, and net income grew 83% to $154.4 million. The company also declared a quarterly cash dividend of $0.40, marking a 31% year-over-year increase.
With promising market conditions, MDC is well-positioned for growth.
M.D.C. Holdings, Inc. (NYSE: MDC) announced a quarterly cash dividend of $0.40 per share on July 26, 2021. This dividend will be payable on August 25, 2021 to shareholders recorded as of August 11, 2021. The company, a prominent homebuilder in the U.S., has been delivering quality homes since 1977 through its subsidiaries, including Richmond American Homes. MDC remains committed to enhancing customer satisfaction and providing value across its diverse operations in major metropolitan areas.
On July 20, 2021, Richmond American Homes of Maryland, a subsidiary of M.D.C. Holdings (NYSE: MDC), announced the grand opening of two model homes in Mayberry at Stewartstown, York County. The Alexandrite and Decker models feature modern amenities including 9' main-floor ceilings and quartz countertops. Starting from the upper $300s, the community offers multiple floor plans with 2 to 5 bedrooms. Visitors can tour the homes on July 24-25 and engage with design consultants for personalized home building. Richmond American has built over 210,000 homes since 1977, operating in multiple states.
M.D.C. Holdings (NYSE: MDC) announces the grand opening of three new communities within the Braverde masterplan in Menifee, California: Seasons Ranch, Seasons Elevated, and Liberty at Braverde. These communities showcase a variety of ranch and two-story floor plans, emphasizing designer details. The homes range from the low $500s to mid $500s, with options for 2 to 6 bedrooms and sizes ranging from approximately 1,410 to 3,040 sq. ft. Model home tours are available starting July 17, 2021, inviting prospective buyers and agents to explore.
M.D.C. Holdings, Inc. (NYSE: MDC) will announce its 2021 second-quarter earnings on July 29, 2021, before market opening. A teleconference will follow at 12:30 PM ET, accessible by calling 844-757-5733. A replay will be available until August 5, 2021. Investors can also access a live webcast on their website. Founded in 1972, MDC is a leading homebuilder in the U.S., with operations across major metropolitan areas and a commitment to quality and customer satisfaction.
M.D.C. Holdings, Inc. announces the grand opening of new model homes by Richmond American Homes in Frog Pond, Wilsonville, Oregon, and Magnolia Heights, Washougal, Washington. Frog Pond features homes from the $600s, ranging from 1,960 to 2,620 sq. ft., while Magnolia Heights offers homes from the $800s, with sizes from 2,230 to 3,900 sq. ft. Both communities emphasize active lifestyles with amenities like parks and walking trails. Model home tours are now available, with sales centers open daily for potential buyers to explore options and floor plans.
Richmond American Homes of California, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), has announced the opening of a new community, Gardenside at The Preserve, in Chino, California. This neighborhood features four versatile floor plans with 3 to 4 bedrooms, ranging from approximately 1,470 to 1,790 sq. ft. The opening event for potential homebuyers is scheduled for June 5-6, 2021. Residents will enjoy resort-like amenities including a community recreation center, fitness facilities, and multiple sports options. Another community, Parklin at The Preserve, is set to open in July 2021.
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