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M.D.C. Holdings, Inc. - MDC STOCK NEWS

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.

News

M.D.C. HOLDINGS ANNOUNCES 2023 FOURTH QUARTER AND FULL YEAR RESULTS

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MDC Holdings, Inc. (MDC) reported its financial results for the quarter and full year ended December 31, 2023. The company has entered into a definitive agreement to be acquired by a wholly-owned subsidiary of Sekisui House in an all-cash transaction, subject to shareholder and regulatory approval.
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M.D.C. Holdings Cancels 2023 Fourth Quarter Earnings Release Conference Call

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M.D.C. Holdings, Inc. (MDC) announced the cancellation of its 2023 fourth quarter earnings conference call and its acquisition by a wholly-owned subsidiary of Sekisui House in an all-cash transaction. The company will still issue its 2023 fourth quarter earnings press release as planned on January 30, 2024.
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Richmond American Announces Grand Opening in Chesterfield

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Richmond American Homes of Virginia, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), has announced the debut of the Hemingway model home at Harpers Mill in Chesterfield. The community showcases a variety of floor plans and features, with a Grand Opening Event scheduled for February 3.
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Sekisui House and M.D.C. Holdings Announce Combination to Create a Top Five Homebuilder in the U.S.

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Sekisui House, Ltd. will acquire M.D.C. Holdings, Inc. in an all-cash transaction valued at $4.9 billion, providing MDC shareholders with $63.00 per share, representing a 19% premium to the closing stock price and a 41% premium to the 90-day VWAP. The acquisition aims to advance Sekisui House's Global Vision to 'make home the happiest place in the world' and accelerate its target of supplying 10,000 homes outside of Japan by FY2025. The transaction is expected to create the fifth largest homebuilder in the U.S., strengthen trade relationships, contribute to shareholder value creation, and provide new opportunities for MDC's employees and stakeholders.
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M.D.C. HOLDINGS DECLARES QUARTERLY CASH DIVIDEND

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M.D.C. Holdings, Inc. (MDC) declared a quarterly cash dividend of $0.55 per share on its common stock, to be paid on February 21, 2024, to shareholders of record on February 7, 2024.
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Richmond American Announces its Debut Cedar Creek Community

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Richmond American Homes of Texas, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), has announced the opening of Seasons at Railhead in Cedar Creek. The new neighborhood offers single and two-story floor plans designed to make homeownership more attainable for a variety of buyers.
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Richmond American Announces Grand Opening in Brighton

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Richmond American Homes of Colorado, Inc., a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is debuting the Lapis model home at Brighton Crossings. The neighborhood features ranch and two-story floor plans from the popular Seasons™ Collection, aimed at making home ownership accessible to various buyers. Prospective homebuyers and agents can tour the model home at the Grand Opening Event on January 20 and have the chance to win a prize.
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M.D.C. HOLDINGS ANNOUNCES 2023 FOURTH QUARTER EARNINGS RELEASE SCHEDULE AND CONFERENCE CALL

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M.D.C. Holdings, Inc. (NYSE: MDC) will release its 2023 fourth quarter earnings on January 30, 2024, and host a teleconference at 12:30 pm ET the same day. The live teleconference will be available by calling 844-757-5733, with a replay available through February 6, 2024. A webcast will also be available live at www.mdcholdings.com.
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Richmond American Set to Build Homes in Popular Hillsborough County Community

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Richmond American Homes of Florida, LP (MDC) recently purchased 63 homesites in Apollo Beach to develop Seasons at Waterset, a new neighborhood offering single- and two-story homes with designer details. The neighborhood will feature five floor plans from the builder's Seasons™ Collection, catering to a variety of buyers seeking design flexibility and downsizing options.
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M.D.C. Holdings, Inc. Named One of America's Greatest Workplaces for Parents & Families in 2023 by Newsweek®

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M.D.C. Holdings, Inc. (NYSE: MDC) has been recognized as one of America's Greatest Workplaces for Parents & Families in 2023 by Newsweek magazine. The award highlights the company's commitment to fostering a work-life balance and family-friendly culture. With operations in 16 states and over 1,600 employees, M.D.C. values its employees and is proud to receive this honor based on over 224,000 voluntary company reviews.
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FAQ

What is the current stock price of M.D.C. Holdings (MDC)?

The current stock price of M.D.C. Holdings (MDC) is $62.98 as of April 18, 2024.

What is the market cap of M.D.C. Holdings (MDC)?

The market cap of M.D.C. Holdings (MDC) is approximately 4.7B.

What does M.D.C. Holdings, Inc. do?

M.D.C. Holdings, Inc., through its subsidiaries operating under the name Richmond American Homes, builds and sells high-quality, value-driven homes across multiple U.S. states.

How many homes has M.D.C. Holdings, Inc. built?

Since its inception, MDC has helped over 240,000 families achieve homeownership.

What services does M.D.C. Holdings, Inc. provide?

In addition to homebuilding, MDC offers mortgage financing, insurance, and title services through its subsidiaries: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc., and American Home Title and Escrow Company.

What are some recent achievements of M.D.C. Holdings, Inc.?

MDC achieved a National Average HERS® Index Rating of 49, surpassing their goal for energy efficiency. They also received the Radon Star Award from the U.S. EPA for radon risk reduction efforts.

What is the significance of MDC’s acquisition by Sekisui House?

The acquisition by Sekisui House, valued at $4.9 billion, will bring advanced technologies and practices to MDC, enhancing their market position and homebuilding quality.

What areas does Richmond American Homes operate in?

Richmond American Homes operates in 16 states including Alabama, Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

When was M.D.C. Holdings, Inc. founded?

M.D.C. Holdings, Inc. was founded in 1972.

How can I get more information about M.D.C. Holdings, Inc.?

For more information, visit their official website at www.mdcholdings.com.

What stock exchange is M.D.C. Holdings, Inc. listed on?

M.D.C. Holdings, Inc. is listed on the New York Stock Exchange under the symbol 'MDC'.

What is the focus of MDC's latest sustainability efforts?

MDC is focused on improving energy efficiency and reducing environmental impact, as evidenced by their HERS rating achievement and expansion of their solar program.

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M.D.C. Holdings, Inc.

NYSE:MDC

MDC Rankings

#1334 Ranked by Market Cap
#881 Ranked by Dividends

MDC Stock Data

4.73B
75.05M
30.47%
79.29%
3.33%
Residential Construction
Operative Builders
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