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. announces the Grand Opening of two model homes at the Keswick masterplan in Spotsylvania, VA, starting from October 31, 2020. These homes, priced from the upper $300s, feature versatile floor plans ranging from 2 to 6 bedrooms. The community offers various amenities, including a clubhouse, pool, parks, and trails, alongside proximity to major routes and recreational areas. Interested homebuyers can tour the models daily from 10 a.m. to 6 p.m. or book virtual appointments.
Richmond American Homes of California, part of M.D.C. Holdings, announces the Grand Opening of two model homes at Sagewood at Sierra Pine in Rocklin, on November 7. The new homes are priced from the upper $400,000s and feature three two-story floor plans with 3 to 5 bedrooms, ranging from approximately 2,100 to 2,490 sq. ft.. The Sales Center will operate from 10 a.m. to 5 p.m. Saturday through Thursday and 1 to 5 p.m. on Fridays. Visitors can also enjoy complimentary design assistance for new builds.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the Grand Opening of two fully furnished model homes at the Keswick masterplan in Spotsylvania, Virginia, on October 31, 2020. The new single-family homes are priced from the upper $300s and feature various floor plans, ranging from 2 to 6 bedrooms and approximately 2,810 to 4,070 sq. ft. Key amenities include a clubhouse, pool, parks, and easy access to I-95. Homebuyers can design their homes with professional consultants, a service offered complimentary at Keswick.
M.D.C Holdings, Inc. (MDC) reported a strong third quarter for 2020, with home sales revenue increasing by 33% year-over-year to $1.0 billion. Net income rose 96% to $98.9 million, or $1.49 per diluted share. The company experienced a 73% increase in net new orders, valued at $1.65 billion, and a backlog of $3.08 billion, a 47% increase from the previous year. Additionally, MDC declared a dividend of $0.40 per share, to be paid on November 24, 2020.
M.D.C. Holdings, Inc. announced the grand opening of new model homes at The Aurora Highlands in Aurora, Colorado, on the weekend of October 24-25, 2020. This master-planned community features versatile ranch and two-story floor plans, with prices starting from the upper $300s. Homebuyers can explore 11 different floor plans, offering 2 to 6 bedrooms and sizes ranging from approximately 1,420 to 2,770 sq. ft. The community boasts easy access to schools, shopping, and major highways, making it a desirable location for prospective homeowners.
M.D.C. Holdings, Inc. announced the grand opening of four model homes at Woodberry at Bradshaw Crossing in Sacramento, scheduled for tours starting on October 3. The homes are priced from the low $400s, offering various floor plans with 3 to 6 bedrooms and sizes ranging from 1,280 to 2,620 sq. ft. Community features include a gated entry, natural ponds, and easy access to local amenities. Prospective buyers can customize their new homes with the help of professional design consultants. For more details, visit RichmondAmerican.com.
M.D.C. Holdings, Inc. (NYSE: MDC) will announce its third quarter earnings for 2020 on October 29, 2020, prior to market opening. A teleconference will follow at 12:30 PM ET, where participants can join by calling 866-652-5200. The call will also be available for replay until November 5, 2020, and a live webcast can be accessed via MDC's website.
M.D.C. Holdings announces the opening of six model homes at Arborly and Canvas in Temecula, California, part of the new Sommers Bend masterplan. Model grand openings are set for September 19, 2020, encouraging prospective buyers to schedule tours. The Arborly neighborhood features new homes priced from the low $500s, with options for 3 to 5 bedrooms and various floor plans. Canvas offers homes from the mid $400s, with 3 to 4 bedrooms. Residents will enjoy community amenities, including parks and a clubhouse. For more details or to schedule tours, visit RichmondAmerican.com.
M.D.C. Holdings (NYSE: MDC) reported a remarkable 75% increase in net new home orders for the first two months of Q3 2020, totaling 2,477 compared to 1,418 in 2019. This surge is attributed to a 73% boost in the sales absorption rate and a 1% rise in active subdivisions. CEO Larry A. Mizel expressed optimism regarding sustained demand fueled by low interest rates and a shift towards suburban living. The company anticipates achieving 8,000 home deliveries by year-end, positioning itself for significant growth in 2021.
M.D.C. Holdings, Inc. announces the Grand Opening of the Coronado model home at Gateway Park in District Heights, Maryland. The event is scheduled for September 12, starting at 10 a.m. with both in-person and virtual tours available. Gateway Park features single-family homes priced from the mid-$400s, offering six versatile floor plans with 3 to 6 bedrooms. Residents benefit from prime location advantages, including proximity to major highways, shopping, and recreation facilities.
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