M.D.C. Holdings, Inc. (www.RichmondAmerican.com) today announced May home orders.
Orders for Homes, net
Colorado 199 161
California 120 154
Arizona 184 131
Nevada 38 69
Northern Virginia/Suburban Maryland 79 92
Total 620 607
MDC has received orders for 4,062 homes for the five months ended May 31, 2001, ten percent higher than the 3,695 home orders received for the same period in 2000.
Home orders in Southern California and Nevada decreased in May 2001 from May 2000, primarily due to a temporary reduction in the number of active subdivisions in these markets. The Company anticipates opening seven new subdivisions in Southern California in the next two months, and should complete three new model complexes in existing active subdivisions as well as open three new subdivisions in Las Vegas during the next 90 days.
MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company's wholly owned subsidiary HomeAmerican Mortgage Corporation provides mortgage financing primarily for MDC's home buyers. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. Richmond American Homes is the largest homebuilder in metropolitan Denver; among the top five homebuilders in northern Virginia, suburban Maryland, Phoenix, Tucson, Las Vegas and Colorado Springs; and among the top ten homebuilders in Southern California and Northern California.
Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., 303-804-7706, firstname.lastname@example.org; or Rick Matthews of Rubenstein
Associates, Inc., 212-843-8007, email@example.com, for M.D.C. Holdings,
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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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
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further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
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