MDC Holdings Inc Stock Price, News & Analysis

M.D.C. Holdings, Inc. (NYSE: MDC) announced the completion of its first home in Idaho, the Powell model, at the Legacy community in Eagle. This ranch-style home highlights the company's expansion into the Boise area, where it aims to offer new homes starting from the mid $600s. An Open House event is scheduled for December 3 and 4, allowing potential buyers to explore the home and available floor plans. The community features extensive recreational facilities, including a golf course, tennis courts, and personalized design options.

M.D.C. Holdings, Inc. (NYSE: MDC) announced the redemption of all outstanding 5.500% Senior Notes totaling $126,368,000, due January 2024. This redemption will occur on December 23, 2021, and will utilize the company's available cash balances. The redemption price includes a premium based on the present value of remaining payments and accrued interest until the redemption date. U.S. Bank National Association acts as the trustee and paying agent for these notes.

M.D.C. Holdings' subsidiary, Richmond American Homes, announced its entry into the Austin housing market on November 18, 2021. This expansion will introduce a wider range of home personalization options, allowing buyers to select features to create uniquely designed homes. The first community, Carillon, located in Manor, Texas, will offer five floor plans from the Seasons™ Collection, featuring up to five bedrooms and living spaces ranging from 1,590 to 3,030 sq. ft. The neighborhood is conveniently located near major routes for easy access to downtown Austin.

Richmond American Homes of Florida, a subsidiary of M.D.C. Holdings (NYSE: MDC), has purchased land for 175 homesites in St. Cloud, Florida. This new community, Big Sky, will feature 332 homes, offering eight floor plans from the Seasons™ Collection and two from the Urban Collection™. Amenities include a pool, sports courts, and playgrounds, with homes designed for various buyers, including first-time homeowners. The community provides access to downtown St. Cloud and Orlando, enhancing its desirability for potential residents.

M.D.C. Holdings, Inc. announced the purchase of 74 homesites in Dundee, Florida to develop a new community called Seasons at Hilltop, expected to open in fall 2022. This community will feature seven ranch and two-story floor plans from the Seasons™ Collection, aimed at entry-level buyers. The homes will offer customization options through complimentary design consultations at the builder's Home Gallery™.

Richmond American Homes of Florida, a subsidiary of M.D.C. Holdings (NYSE: MDC), has acquired 82 homesites in Haines City, now set to develop the Seasons at Forest Creek community. This new neighborhood, expected to launch in summer 2022, will feature two playgrounds and six floor plans from the Seasons™ Collection, aiming to meet current homebuyer demands. Homebuyers can customize their homes with a professional design consultant at the builder's Home Gallery™.

M.D.C. Holdings, Inc. (NYSE: MDC) reported robust third-quarter results for 2021, with home sale revenues surging 26% year-over-year to $1.26 billion. Net income skyrocketed 48% to $146 million, or $1.99 per diluted share. The company experienced a notable 300 basis points increase in gross margin to 23.5%. Additionally, a quarterly cash dividend of $0.50 was declared, marking a 25% increase, payable on November 24, 2021. MDC's strong backlog and expansion into new markets, including Austin and Albuquerque, position it favorably for future growth.