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 two model homes at Seasons at Kemper Loop in Ridgefield, Oregon. The new neighborhood features the sought-after Season™ Collection with homes starting in the $400s. Model homes, Alexandrite and Pearl, are fully furnished and available for tours. The community offers six floor plans, accommodating 2 to 5 bedrooms and ranging from approximately 1,420 to 2,400 sq. ft. Prospective buyers can customize their homes with professional design consultants. Limited homesites are available.
M.D.C. Holdings, Inc. (NYSE: MDC) announced the opening of Walkers Ridge, a new community in Jacksonville, Florida, featuring its Seasons™ Collection. Home prices start in the mid $200s for five distinct floor plans, offering ranch and two-story options with 3 to 5 bedrooms and sizes ranging from approximately 1,560 to 2,380 sq. ft. Buyers can personalize their homes with design assistance. Walkers Ridge is conveniently located near shopping, dining, and military facilities.
M.D.C. Holdings, Inc. (NYSE: MDC) will announce its 2021 first quarter earnings on April 29, 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 May 6, 2021, via 877-344-7529 with Access Code # 10153879. The live webcast can be accessed at www.mdcholdings.com. Founded in 1972, MDC is a leading U.S. homebuilder, operating under Richmond American Homes, with a focus on customer satisfaction and quality.
M.D.C. Holdings, Inc. (NYSE: MDC) is announcing the grand opening of the new Donovan model home at Brunswick Crossing in Brunswick, Maryland, this weekend. The two-story Donovan plan features four to seven bedrooms and up to approximately 4,740 square feet, including lavish features such as a formal dining room and a 3-car garage. Model home tours will be available on April 3 and 4, with sales center hours from 10 a.m. to 6 p.m. Homes in the community start from the $500s and offer various amenities, including a clubhouse and easy access to commuting routes.
M.D.C. Holdings, Inc. (NYSE: MDC) announced the grand opening of two new model homes, the Azure and the Slate, at the Seasons at Spring Creek community in Okahumpka, Florida, scheduled for March 20 and 21. This community features six versatile floor plans priced from the mid $200s, offering options for 3 to 6 bedrooms and 2- to 3-car garages. The sales center operates daily, with specific hours. Homebuyers can customize their homes with design consultants as part of the building process. The company has built over 210,000 homes since 1977, establishing itself as a leader in the homebuilding industry.
M.D.C. Holdings, Inc. has announced the Grand Opening of the Lapis model home at Seasons at Chesapeake Club in North East, Maryland. The two-story home features 3-4 bedrooms and around 2,180 square feet. The community offers homes starting in the $300s and highlights five flexible floor plans, including desirable amenities. Tours will take place on March 13 and 14, 2021, with a chance to win a giveaway. The community boasts scenic trails and easy commuting access to major cities.
M.D.C. Holdings, Inc. (NYSE: MDC) will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 4:40 p.m. ET. The presentation will be available for live webcast and replay on the company's website. Founded in 1972, MDC is a prominent homebuilder in the U.S., operating under the name Richmond American Homes and serving over 210,000 homebuyers. Its operations span major metropolitan areas, offering homebuilding, mortgage financing, insurance, and title services.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the launch of its first new community in Pueblo, Colorado, named Seasons at Crestview Hills. The community features four ranch-style floor plans from the Seasons™ Collection, with prices starting in the upper $200s. Buyers can customize their homes with various interior options at Richmond American's Home Gallery. The location is convenient, just minutes from I-25 and downtown Pueblo. Model homes will open this spring, with several sales already completed, indicating strong demand.
M.D.C Holdings, Inc. (NYSE: MDC) reported strong financial results for Q4 and full year 2020, including a 92% increase in net orders and a 59% rise in net income to $147.5 million. Home sale revenues grew 10% to $1.18 billion, and gross margins improved to 22%. The company expanded its financial position by increasing its homebuilding line of credit to $1.2 billion and issuing $350 million in senior notes at 2.5%. With a favorable outlook for housing demand, MDC aims for home deliveries between 10,000 and 11,000 in 2021.
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