M.D.C. Holdings Reports Record January Home Orders and Traffic
- Orders for 812 Homes Most for Any January - Third-highest Monthly Home Orders in MDC's History - January 2001 Home Buyer Traffic Among Strongest for Any Month
M.D.C. Holdings, Inc. (www.RichmondAmerican.com), whose subsidiaries build homes under the name "Richmond American Homes," today announced the highest levels of January home orders and home buyer traffic in the Company's history.
January Percent
2001 2000 Change
Orders for Homes, net
Colorado 295 291 1%
California 143 139 3%
Arizona 206 134 54%
Nevada 80 76 5%
Northern Virginia/
Suburban Maryland 88 118 (25%)
Total 812 758 7%
Active Subdivisions
- Beginning of Month 133 131
The Company's January 2001 home buyer traffic through its communities increased 7% from January 2000 to a traffic level that ranks among the strongest for any month in the Company's history. Traffic particularly was strong in Phoenix, Northern California and Las Vegas due to a higher number of active subdivisions and the continued strong demand for new homes in these markets.
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, Tucson and Colorado Springs; and among the top ten homebuilders in suburban Maryland, 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, greece@mdch.com; or Rick Matthews of Rubenstein
Associates, Inc., 212-843-8007, rmatthews@rubenstein.com
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.
Certain statements on the Site, including statements regarding the MDC Companies' business, financial condition,
results of operation, cash flows, strategies and prospects, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be
identified by terminology such as "likely," "may," "will," "should," "expects," "plans," "anticipates,"
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factors that may cause the actual results, performance or achievements of the MDC Companies to be materially
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further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
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