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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) announced a quarterly cash dividend of $0.40 per share and a special 8% stock dividend. The cash dividend will be paid on February 24, 2021, to shareholders of record on February 10, 2021. The stock dividend is scheduled for March 17, 2021, for those on record as of March 3, 2021, providing one additional share for every 12.5 shares held. Cash will be offered for any fractional shares based on the stock's closing price.
Richmond American Homes of California, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the Grand Opening of three model homes at Seasons at McSweeny Farms in Hemet on January 16, 2021. The new homes, part of the Seasons Collection, are priced from the mid $300,000s and feature 3 to 5 bedrooms across versatile floor plans. Visitors can explore the furnished models in person or via virtual tours, with options for personalized home design. The community offers extensive amenities, including a pool, fitness center, and easy access to local attractions.
M.D.C. Holdings, Inc. (NYSE: MDC) announced a public offering of $350 million in 2.500% senior notes due January 2031, priced at 100% of par. The notes will be unsecured obligations of MDC and are guaranteed by most of its homebuilding subsidiaries. Proceeds will be utilized for general corporate purposes. The offering is set to close on January 11, 2021, pending customary closing conditions. As one of the largest homebuilders in the U.S., MDC operates various subsidiaries and offers additional services such as mortgage financing and insurance.
M.D.C. Holdings, Inc. (MDC) reported its preliminary results for Q4 2020, showing significant growth compared to Q4 2019. New home deliveries rose 7% to 2,564 homes, while net new home orders surged 72% to 2,708 homes. The average sales price increased to $461,000. The backlog of homes increased 75% to 6,655 homes, with the total dollar value of backlog reaching $3.26 billion, up 87% year-over-year. MDC plans to release its full Q4 earnings on February 2, 2021.
M.D.C. Holdings, Inc. (NYSE: MDC) is set to release its 2020 fourth quarter earnings on February 2, 2021, prior to market opening. Following the release, a teleconference will take place at 12:30 pm ET to discuss the earnings report. Interested parties can join by calling 844-757-5733 or access a live webcast on MDC's website. A replay of the teleconference will be available until February 9, 2021. MDC, a prominent homebuilder, has constructed homes for over 210,000 buyers since its inception.
M.D.C. Holdings, Inc. (NYSE: MDC) has announced an increase in its unsecured revolving credit facility from $1.0 billion to $1.2 billion and extended its maturity for $1.125 billion commitments to December 18, 2025. The remaining commitments will mature on December 18, 2023. MDC has the option to increase the facility up to $1.7 billion with additional lender commitments. Ten lenders are involved in the facility, with U.S. Bank as the designated agent. MDC is a leading homebuilder in the U.S., providing homes for over 210,000 buyers since 1977.
M.D.C. Holdings, Inc. (MDC) has announced the opening of two new model homes at the Seasons at Kemper Grove community in Ridgefield, Washington.
These include the Marblewood and Ironwood models, featuring versatile layouts and priced from the upper $300s.
The homes offer approximately 1,800 to 2,050 sq. ft. of space with 3 bedrooms and various personalized finishing options available.
Dixon, Calif., Nov. 30, 2020 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announces the Grand Opening of three new model homes at Midway Grove at Homestead on December 5. The models include the Darius, Deacon, and Paulson, featuring the sought-after UltraGarage®, designed for RVs. Prices start from the mid $500s, offering single- and two-story plans with 3 to 5 bedrooms. The community includes parks, trails, and easy freeway access for commuters. Interested buyers can explore the homes from 10 a.m. to 5 p.m. Saturday through Thursday.
M.D.C. Holdings announces the Grand Opening of three new model homes at Wisteria at Shady Trails in Fontana, California, set for November 7. These homes, part of a sought-after masterplan, offer floor plans ranging from 2,210 to 2,440 sq. ft. with pricing starting in the upper $400s. The community features a 15,000-sq. ft. recreation center, two pools, and proximity to schools and shopping. Model tours will be available from 10 a.m. to 5 p.m. Saturday through Thursday, providing potential buyers a chance to explore their options.
Richmond American Homes of Arizona, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is unveiling two new model homes at Seasons at Red Rock. The ranch-style Peridot and two-story Pearl models will be open for tours on November 7 and 8, 2020, from 10 a.m. to 6 p.m. This community offers homes from the low $200s, featuring 3 to 6 bedrooms and various customizable options. Located approximately 40 minutes from Tucson, amenities include a lap pool, sports courts, and a 14-acre park. For details, visit RichmondAmerican.com/RedRock.
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