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 of Colorado, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the opening of Villa Bella in Pueblo, Colorado, in May 2021. This new community offers homes starting from the $300s, featuring 11 diverse floor plans, including options from the Seasons™ Collection. The homes range from 1,500 to 2,400 sq. ft. and offer 2 to 5 bedrooms, with the added benefit of finished basements available. Villa Bella will be the first Pueblo community to provide high-speed internet access to every home. Model homes are expected to open this summer.
M.D.C. Holdings, Inc. (NYSE: MDC) announced it will webcast a presentation at the J.P. Morgan 14th Annual Homebuilding and Building Products Conference on May 19, 2021, at 3:55 p.m. ET. Interested parties can access the live stream and replay via the M.D.C. Holdings website. Founded in 1972, M.D.C. Holdings is one of the largest homebuilders in the U.S., operating under Richmond American Homes, and has built homes for over 210,000 buyers since 1977. The company also provides mortgage, insurance, and title services through its subsidiaries.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), has acquired 186 new lots in Polk County, Florida, for developing two new communities: Seasons at Arlington Square and Seasons at Heritage Square. The acquisition includes 59 and 127 lots, respectively, and is part of Richmond American's ongoing growth strategy in the area. These homes will feature popular plans from their Seasons™ Collection, offering various choices in size and layout.
M.D.C. Holdings, Inc. (NYSE: MDC) announced that Richmond American Homes of Florida has closed on 40 out of 75 homesites in the Palisades community, Clermont. The community features homes starting from the $300s with eight floor plans, including options for multi-generational living. Key amenities include private lake access, clubhouse, and recreational facilities. Richmond American has built over 210,000 homes since 1977 and continues to operate in multiple states with various homebuilding services.
M.D.C Holdings, Inc. reported robust financial results for Q1 2021, with net income soaring 201% to $111 million ($1.51 per diluted share). Home sale revenues rose 49% to $1.04 billion, driven by a 41% increase in unit deliveries and a 6% rise in average selling prices to $478,000. The company witnessed a 34% jump in unit orders. Gross margin from home sales expanded 200 basis points to 21.9%, while SG&A expenses improved to 11.0%. The company declared a quarterly dividend of $0.40, reflecting a 31% increase year-over-year.
M.D.C. Holdings, Inc. (NYSE: MDC) has declared a quarterly cash dividend of $0.40 per share, payable on May 26, 2021. This dividend will benefit shareholders who are on record by May 12, 2021. Established in 1972, MDC is a leading homebuilder in the United States, having built over 210,000 homes since 1977. The company's commitment to quality and customer satisfaction is evident through its extensive operations across multiple metropolitan areas including Denver, Las Vegas, and San Diego.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), announced the Grand Opening of two model homes at Abrams Pointe in Winchester, Virginia. This new community features six popular floor plans and offers homes starting from the $400s. Key features include 9' ceilings, granite kitchen countertops, and stainless-steel appliances. Prospective buyers can tour the new model homes and customize their new homes with professional design consultants. The location provides easy access to Winchester's amenities and major routes.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the grand opening of two model homes at Seasons at River Oaks in Plumas Lake, California, on April 24 and 25. The community features versatile homes priced from the low $400s and offers six floor plans, ranging from 2 to 6 bedrooms and approximately 1,590 to 3,040 sq. ft. Homebuyers can personalize their new homes with complimentary design consultations. A special offer is available until April 30.
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