M.D.C. Holdings, Inc. (www.RichmondAmerican.com), which builds homes under the name "Richmond American Homes," today announced home orders for November 2000.
November Percent
2000 1999 Change
Orders for Homes, net
Colorado 145 166 (13%)
California 110 63 75%
Arizona 132 98 35%
Nevada 31 37 (16%)
Northern Virginia/Suburban Maryland 48 42 14%
Total 466 406 15%
Active Subdivisions - Beginning of Month 123 133 (8%)
The Company has received orders for 7,400 homes for the eleven months ended November 30, 2000, an increase of 8% over the 6,866 home orders received for the same period in 1999.
MDC is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's home buyers, through its wholly owned subsidiary, HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company is the largest homebuilder in metropolitan Denver; among the top five homebuilders in Northern Virginia, suburban Maryland, Tucson and Colorado Springs; and among the top ten homebuilders in Phoenix, Las Vegas, Southern California and Northern California.
SOURCE: M.D.C. Holdings, Inc.
Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., 303-804-7706
The Richmond American Homes companies (RAH), HomeAmerican Mortgage Corporation (HMC), American Home Insurance
Agency (also known as AHI Insurance Agency) (AHI) and American Home Title and Escrow Company (AHT) are
owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of
RAH, HMC, AHI and AHT offers services independently of each other, and if you obtain a product or service
from one company, you are not required to utilize the services of, or obtain products from, the other
company. Your decision to use a company that is not affiliated with RAH, HMC, AHI or AHT will not affect
your ability to obtain products and services from these companies. See licensing information.
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