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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' PRESENTATION AT THE RAYMOND JAMES TMT AND CONSUMER CONFERENCE TO BE WEBCAST LIVE

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M.D.C. Holdings, Inc. (NYSE: MDC) to present at Raymond James TMT and Consumer Conference on December 5, 2023
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Richmond American Now Selling at Rasmussen Farms in Draper

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Richmond American Homes of Utah, Inc., a subsidiary of M.D.C. Holdings, Inc. (MDC), has announced the opening of the Rasmussen Farms community in Draper. The community offers two-story floor plans with designer-curated finishes, appealing to today's homebuyers. Prospective buyers can tour the Laurel model home at the community sales center, open from 10 a.m. to 6 p.m. on Mondays through Wednesdays, 12 to 6 p.m. on Thursdays, and 10 a.m. to 6 p.m. on Fridays and Saturdays.
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New Richmond American Community Now Open for Sales in Jacksonville

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Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), announces the opening of Seasons at Irongate, a new community in Jacksonville, offering eight thoughtfully designed floor plans. The community features single- and two-story floor plans from the builder's Seasons™ Collection, catering to various homebuyers' needs, including flexibility, downsizing, and affordable housing options.
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Richmond American Announces Grand Opening in Las Vegas

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M.D.C. Holdings, Inc. (NYSE: MDC) - Richmond American Homes of Nevada, Inc. announces the debut of the Maple and Cottonwood model homes at Osprey Ridge at Summerlin in Las Vegas. The Summerlin masterplan offers two-story floor plans from the builder's Seasons™ Collection, designed to make homeownership accessible. A Grand Opening Event is scheduled for November 18, with complimentary lunch and home tours.
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M.D.C. Holdings, Inc. Publishes New Environmental, Social and Governance (ESG) Report

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M.D.C. Holdings, Inc., the parent company of Richmond American Homes, has published its 2022 Corporate Sustainability Report. The report highlights the achievement of a national average HERS rating of 49 in 2022, surpassing the goal of reaching a rating of 50 or less by 2025. This progress was attributed to the expansion of the company's solar program, resulting in 141,304 tons of CO2 emission savings. Additionally, Richmond American Homes received the Radon Star Award from the U.S. Environmental Protection Agency for its efforts in radon risk awareness and reduction.
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Richmond American Set to Build Homes in New Polk County Community

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Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc., has purchased and closed on 109 future homesites in Dundee, Florida, to develop Seasons at Bella Vista, a new community. The neighborhood will offer eight single- and two-story floor plans, including options from the builder's Seasons™ Collection. Two plans with the UltraGarage® feature will also be available. These floor plans cater to buyers seeking design flexibility, downsizing options, and more affordable housing compared to neighboring counties.
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M.D.C. HOLDINGS ANNOUNCES THIRD QUARTER 2023 RESULTS

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M.D.C Holdings, Inc. reports strong profitability in Q3 2023 with net income of $107.3 million and home sale revenues of $1.09 billion. Gross margin from home sales improved 280 basis points to 19.2%. Net new orders increased by 532% to $965.5 million. The company plans to increase land acquisition efforts and has ample liquidity with $1.78 billion in cash and marketable securities.
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M.D.C. HOLDINGS DECLARES QUARTERLY CASH DIVIDEND

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M.D.C. Holdings, Inc. declares a quarterly cash dividend of $0.55 per share on its common stock.
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Richmond American Announces Grand Opening in Aurora

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Richmond American Homes of Colorado, Inc. announces the debut of the Boston and Chicago model homes at Urban Collection at Copperleaf in Aurora.
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M.D.C. HOLDINGS ANNOUNCES 2023 THIRD QUARTER EARNINGS RELEASE SCHEDULE AND CONFERENCE CALL

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M.D.C. Holdings, Inc. to release Q3 earnings on October 26, 2023
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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

#1338 Ranked by Market Cap
#873 Ranked by Dividends

MDC Stock Data

4.73B
75.05M
30.47%
79.29%
3.33%
Residential Construction
Operative Builders
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United States of America
DENVER