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M.D.C. Holdings, Inc. news covers the former NYSE-listed homebuilder and its Richmond American Homes subsidiaries, including new community openings, master-planned neighborhoods and floor-plan collections in U.S. housing markets. Company updates commonly describe ranch, two-story and paired-home offerings, designer-curated finishes, model-home events and the geographic expansion of Richmond American communities.
MDC was acquired by Sekisui House in 2024 and later delisted from the NYSE. Its historical operating profile also includes affiliated mortgage lending, insurance and title services through HomeAmerican Mortgage Corporation, American Home Insurance Agency and American Home Title and Escrow Company.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), announces the opening of two model homes, Peridot and Moonstone, at Windsong at Winding Creek in Roseville, California, on June 4-5, 2022. This new community features homes from the Seasons™ Collection, priced from the $600s, offering four floor plans with open layouts. The location provides access to local amenities and protected land. Interested buyers can schedule tours by calling 916.472.7380 or visiting RichmondAmerican.com.
M.D.C. Holdings, Inc. (NYSE: MDC) announces the debut of new model homes in Salt Lake City, with Richmond American Homes showcasing versatile floor plans. The Drumore at Overlake and Anderson Farms communities feature homes priced from the upper $400s and $600s, respectively, while the Jones Court community starts from the upper $600s. Buyers will benefit from hundreds of design options and expert consultations to customize their new homes. This expansion enhances MDC's presence in the Utah housing market.
M.D.C. Holdings, Inc. announces the grand opening of the Lapis model home at Seasons at Round Hill Meadows in Orange, Virginia, on May 28-29, 2022. The two-story Lapis features 9' ceilings, quartz countertops, stainless-steel appliances, and hardwood flooring, appealing to potential homebuyers. The community offers homes starting from the upper $300s with 3 to 5 bedrooms and sizes ranging from 1,160 to 2,390 sq. ft. Prospective buyers are invited to explore the model and various floor plans during the opening weekend.
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M.D.C. Holdings, Inc. (NYSE: MDC) is set to present at the J.P. Morgan Homebuilding and Building Products Conference on May 17, 2022, at 9:45 a.m. ET. The presentation will be available live and for replay on the company's website. Founded in 1972, MDC is among the largest homebuilders in the U.S., having built over 220,000 homes. Its subsidiaries, including Richmond American Homes, operate across various metropolitan areas. MDC also offers mortgage, insurance, and title services through its subsidiaries.
M.D.C. Holdings announced strong Q1 2022 results, with a 34% increase in net income to $148.4 million or $2.02 per diluted share, driven by a 19% rise in home sale revenues to $1.24 billion. Gross margin improved by 380 basis points to 25.7%. Despite challenges in the supply chain, home deliveries increased by 3% to 2,233 units. The company forecasts home deliveries between 2,400 and 2,600 for Q2 and plans to acquire The Jones Company, enhancing its market presence.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), has announced plans for multiple new communities in the Albuquerque area, specifically targeting Rio Rancho. These developments will provide buyers with a broad range of home personalization options. The first community, Monarch at Mariposa, is set to open by year-end, while a second site, Seasons at Broadmoor Heights, is expected to close in May, with sales starting in June. Richmond American emphasizes personalization as a key differentiator in their offerings, aiming to make homeownership attainable for diverse buyers.
M.D.C. Holdings, Inc. (NYSE: MDC), a prominent homebuilder, has declared a quarterly cash dividend of $0.50 per share, payable on May 25, 2022, to shareholders on record as of May 11, 2022. The announcement underscores MDC's ongoing commitment to returning value to its shareholders, reflecting the company's stable financial position and confidence in future growth.
M.D.C. Holdings, Inc. (NYSE: MDC) announced its subsidiary, Richmond American Homes of Tennessee, will acquire the homebuilding assets of The Jones Company of Tennessee. The transaction is expected to close by Q2 2022, adding 10 selling communities, 1,700 lots, and 150 units in backlog. Jones closed over 370 homes in 2021 with revenues of $209 million, averaging $564,000 per home. This acquisition aims to strengthen Richmond American's presence in the Nashville market, supported by its land pipeline secured in the past year.
Richmond American Homes, a subsidiary of M.D.C. Holdings (NYSE: MDC), has launched two new communities in Roseville, California: Seasons at Sierra Vista and Windsong at Winding Creek. Both communities feature a variety of floor plans from the Seasons™ Collection, aimed at making homeownership accessible. Prices start in the $500s, with options for single- and two-story homes, ranging from 2 to 6 bedrooms and approximately 1,590 to 2,630 sq. ft. Tours can be scheduled by prospective buyers via a dedicated line.