News
M.D.C. Holdings, Inc.
May
2001 2000
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.
SOURCE: M.D.C. Holdings, Inc.
Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., 303-804-7706,
Associates, Inc., 212-843-8007,
Inc.
Website: https://www.richmondamerican.com/
