News
M.D.C. Holdings, Inc.
April
2002 2001
Orders for Homes, net
Colorado 289 265
California 200 124
Arizona 204 168
Nevada 90 67
Utah 11 0
Northern Virginia/Suburban Maryland 95 91
Total 889 715
Active Subdivisions at End of Month 157 141
April 2002 home orders particularly were strong in Southern California (an increase of 128%), primarily resulting from the strong demand for new homes in this market. Home orders also improved in Arizona due to an increase in the number of active subdivisions in both Phoenix and Tucson. The Company's Maryland and Northern California divisions received a lower level of home orders than in April 2001, primarily due to fewer active subdivisions in these markets. April 2002 home orders include 35 orders received in Utah and Nevada from lots in six active subdivisions purchased from John Laing Homes in mid-April.
MDC is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, 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 Colorado; among the top five homebuilders in Northern Virginia, Phoenix Tucson, and Las Vegas; among the top ten homebuilders in suburban Maryland, Northern California and Southern California; and has recently entered the Salt Lake City and Dallas/Ft. Worth markets.
SOURCE: M.D.C. Holdings, Inc.
Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., +1-303-804-7706,
Associates, Inc., +1-212-843-8000,
Holdings, Inc.
Website: https://www.richmondamerican.com/
