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 Timber Crest in White Bluff, Tennessee, taking place on April 15, 2023. Homebuyers are invited to tour the new Hawthorn model home from 10 a.m. to 6 p.m. at this ENERGY STAR® certified community, featuring three two-story floor plans priced from the upper $200s. Timber Crest offers 2 to 4 bedrooms and square footage ranging from 1,530 to 2,100 sq. ft., situated just 40 minutes from downtown Nashville. Easy access to local highways and amenities, including parks and golf courses, enhances its appeal. This marks another step in M.D.C.'s commitment to delivering quality homes as one of the nation's largest homebuilders.
M.D.C. Holdings, Inc. (NYSE: MDC) announced the grand opening of two model homes, the Ruby and Hemingway, at Banning Lewis Ranch in Colorado Springs on
M.D.C. Holdings, Inc. (NYSE: MDC) has announced the preselling of homes at its Seasons at Monarch community in Rio Rancho, New Mexico. This new neighborhood features eight versatile floor plans, including two new designs with RV garages. Home prices start from the upper $300s, with models offering 3 to 6 bedrooms and 1,610 to 2,630 square feet. The model homes, Copper and Larimar, will open for tours in early summer. The community is part of the Mariposa masterplan, which boasts amenities like parks and trails. For more details, prospective buyers can visit the Seasons at Broadmoor sales center.
M.D.C. Holdings, Inc. (NYSE: MDC) will announce its 2023 first quarter earnings on May 2, 2023, before the market opens. A teleconference will occur at 12:30 pm ET the same day, accessible at 844-757-5733. A webcast will also be available live, with a replay starting two hours post-call. The replay will be accessible until May 9, 2023. MDC, a prominent homebuilder since 1972, has successfully built over 230,000 homes. Their subsidiaries offer mortgage financing, insurance, and title services primarily to Richmond American homebuyers.
Richmond American Homes of Idaho, a subsidiary of M.D.C. Holdings (NYSE: MDC), announced grand openings for model homes in four new Boise-area communities: Seasons at Norterra, Urban Collection at Norterra, Hope Springs, and Hartland. The homes feature a variety of floor plans, with prices starting from the mid to low $400s. The company noted growing demand for new homes in the Boise area, highlighting attractive amenities and community features. Interested buyers can tour furnished models to appreciate unique designs and high-quality finishes, reinforcing Richmond American's commitment to the Idaho market.
Richmond American Homes of Colorado, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), announced the opening of two new model homes—the Arlington and the Hemingway—in the Kinston at Centerra neighborhood in Loveland, Colorado. These homes feature five ranch and two-story floor plans, ranging from the $500s, with 4 to 6 bedrooms and approximately 1,960 to 2,920 sq. ft. A model home tour is scheduled for April 1, from 12 to 3 p.m., with complimentary refreshments. The Kinston community offers amenities like a clubhouse, fitness center, and parks, making it an attractive option for homebuyers. For more details, visit RichmondAmerican.com.
M.D.C. Holdings, Inc. (NYSE: MDC) is scheduled to present at the Raymond James' 44th Annual Institutional Investors Conference on March 7, 2023, at 3:25 p.m. ET. The event will be webcast live, and the presentation can be accessed through the company's website www.mdcholdings.com. Founded in 1972, MDC is one of the largest homebuilders in the U.S., providing homes since 1977. Its subsidiaries operate across various metropolitan areas, including Denver, Las Vegas, and Los Angeles, offering services like mortgage financing and insurance through HomeAmerican Mortgage Corporation and other affiliates.
M.D.C. Holdings, Inc. (NYSE: MDC) reported record full-year home sale revenues of $5.59 billion for 2022 and generated over $900 million in cash flow from operating activities. The company achieved a net income of $562 million, or $7.67 per diluted share, marking one of its most profitable years yet. However, the second half of the year saw a decline in order activity, with unit gross orders down 55% in Q4. The company is adapting its strategy for 2023, focusing on quick-move inventory and managing land positions, while projecting first-quarter home deliveries between 1,500 and 1,600.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE:MDC), is set to grand open the new Wilshire model home at Black Ridge Cove in St. George, Utah, on January 27, 2023. The two-story model features a rooftop terrace and covered patio, with homes starting from the $600s. Visitors can tour the home between 11 a.m. and 1 p.m. on the opening day and enjoy complimentary refreshments. The community offers flexible design options for new homes, promoting personalization. Richmond American has built over 230,000 homes since 1977, maintaining a strong presence across several states.
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