M.D.C. Holdings, Inc. (www.RichmondAmerican.com), whose subsidiaries build homes under the name "Richmond American Homes," today announced the highest level of monthly home orders in the Company's history.
February Percent
2001 2000 Change
Orders for Homes, net
Colorado 345 282 22%
California 178 125 42%
Arizona 270 167 62%
Nevada 117 73 60%
Northern Virginia/
Suburban Maryland 121 151 (20%)
Total 1,031 798 29%
Active Subdivisions -
Beginning of Month 136 124
The Company's February 2001 home buyer traffic through its communities increased 26% from February 2000 to a traffic level that ranks as the second strongest for any month in the Company's history. Traffic particularly was strong in Northern and Southern California, Phoenix and Tucson, 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. MDC was recently named to the "Forbes Platinum List" of the 400 best big companies in America. 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.
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