MDC Holdings Inc Stock Price, News & Analysis

Richmond American Homes of California, part of M.D.C. Holdings, announces the Grand Opening of two model homes at Sagewood at Sierra Pine in Rocklin, on November 7. The new homes are priced from the upper $400,000s and feature three two-story floor plans with 3 to 5 bedrooms, ranging from approximately 2,100 to 2,490 sq. ft.. The Sales Center will operate from 10 a.m. to 5 p.m. Saturday through Thursday and 1 to 5 p.m. on Fridays. Visitors can also enjoy complimentary design assistance for new builds.

M.D.C. Holdings, Inc. (NYSE: MDC) announces the Grand Opening of two fully furnished model homes at the Keswick masterplan in Spotsylvania, Virginia, on October 31, 2020. The new single-family homes are priced from the upper $300s and feature various floor plans, ranging from 2 to 6 bedrooms and approximately 2,810 to 4,070 sq. ft. Key amenities include a clubhouse, pool, parks, and easy access to I-95. Homebuyers can design their homes with professional consultants, a service offered complimentary at Keswick.

M.D.C Holdings, Inc. (MDC) reported a strong third quarter for 2020, with home sales revenue increasing by 33% year-over-year to $1.0 billion. Net income rose 96% to $98.9 million, or $1.49 per diluted share. The company experienced a 73% increase in net new orders, valued at $1.65 billion, and a backlog of $3.08 billion, a 47% increase from the previous year. Additionally, MDC declared a dividend of $0.40 per share, to be paid on November 24, 2020.

M.D.C. Holdings, Inc. announced the grand opening of new model homes at The Aurora Highlands in Aurora, Colorado, on the weekend of October 24-25, 2020. This master-planned community features versatile ranch and two-story floor plans, with prices starting from the upper $300s. Homebuyers can explore 11 different floor plans, offering 2 to 6 bedrooms and sizes ranging from approximately 1,420 to 2,770 sq. ft. The community boasts easy access to schools, shopping, and major highways, making it a desirable location for prospective homeowners.

M.D.C. Holdings, Inc. announced the grand opening of four model homes at Woodberry at Bradshaw Crossing in Sacramento, scheduled for tours starting on October 3. The homes are priced from the low $400s, offering various floor plans with 3 to 6 bedrooms and sizes ranging from 1,280 to 2,620 sq. ft. Community features include a gated entry, natural ponds, and easy access to local amenities. Prospective buyers can customize their new homes with the help of professional design consultants. For more details, visit RichmondAmerican.com.

M.D.C. Holdings, Inc. (NYSE: MDC) will announce its third quarter earnings for 2020 on October 29, 2020, prior to market opening. A teleconference will follow at 12:30 PM ET, where participants can join by calling 866-652-5200. The call will also be available for replay until November 5, 2020, and a live webcast can be accessed via MDC's website.

M.D.C. Holdings announces the opening of six model homes at Arborly and Canvas in Temecula, California, part of the new Sommers Bend masterplan. Model grand openings are set for September 19, 2020, encouraging prospective buyers to schedule tours. The Arborly neighborhood features new homes priced from the low $500s, with options for 3 to 5 bedrooms and various floor plans. Canvas offers homes from the mid $400s, with 3 to 4 bedrooms. Residents will enjoy community amenities, including parks and a clubhouse. For more details or to schedule tours, visit RichmondAmerican.com.

M.D.C. Holdings (NYSE: MDC) reported a remarkable 75% increase in net new home orders for the first two months of Q3 2020, totaling 2,477 compared to 1,418 in 2019. This surge is attributed to a 73% boost in the sales absorption rate and a 1% rise in active subdivisions. CEO Larry A. Mizel expressed optimism regarding sustained demand fueled by low interest rates and a shift towards suburban living. The company anticipates achieving 8,000 home deliveries by year-end, positioning itself for significant growth in 2021.

M.D.C. Holdings, Inc. announces the Grand Opening of the Coronado model home at Gateway Park in District Heights, Maryland. The event is scheduled for September 12, starting at 10 a.m. with both in-person and virtual tours available. Gateway Park features single-family homes priced from the mid-$400s, offering six versatile floor plans with 3 to 6 bedrooms. Residents benefit from prime location advantages, including proximity to major highways, shopping, and recreation facilities.