Summary
MDC Chart
MDC Holdings Inc Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 125 | $7 | $7 | - | - |
| JPC Joseph P. Condren Opus Capital Group LLC | 189,952.22 | $9.52M | $16.42M | $6.9M | 72.43% |
| JM John Malone Amundi | 178,964 | $9,054 | $9,054 | - | - |
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MDC Holdings Inc Profile
| - Industry | - Sector | Mr. Larry A. Mizel CEO | NYSE Exchange | 552676108 CUSIP |
| US Country | 1,760 Employees | - Last Dividend | 2 Mar 2021 Last Split | 11 Mar 1980 IPO Date |
Overview
M.D.C. Holdings, Inc. operates in the homebuilding and financial service sectors through its subsidiaries. The company, known under the Richmond American Homes brand, focuses on constructing and selling single-family detached homes primarily targeted at first-time and first-time move-up buyers. Founded in 1972 with its headquarters in Denver, Colorado, M.D.C. Holdings has expanded its homebuilding operations across multiple states in the U.S., including Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Alabama, Florida, Maryland, Pennsylvania, Tennessee, and Virginia. This wide reach demonstrates the company's significant presence in the American homebuilding industry.
Products and Services
- Homebuilding Operations
The core of M.D.C. Holdings' business lies in its homebuilding operations. The company specializes in purchasing finished lots or developing lots to construct single-family detached homes. These homes are built with first-time and first-time move-up homebuyers in mind and are sold under the prestigious Richmond American Homes name. M.D.C. Holdings operates in various states, showcasing its ability to cater to a diverse client base across the U.S.
- Mortgage Loan Origination
As part of its financial services, M.D.C. Holdings engages in originating mortgage loans primarily for its homebuyers. This service is integral to facilitating the purchase process for buyers, making homeownership more accessible for its clients.
- Insurance Coverage
The company also provides insurance coverage, mainly targeting its homebuilding subsidiaries and subcontractors. This service is crucial for covering homes sold by its homebuilding subsidiaries as well as work performed in completed subdivisions. Moreover, M.D.C. Holdings takes on a re-insurer role on the claims, ensuring comprehensive risk management.
- Third-party Personal Property and Casualty Insurance Products
Fortifying its financial services, M.D.C. Holdings sells third-party personal property and casualty insurance products to its homebuyers. This offering enhances the company's value proposition by ensuring that clients have access to necessary insurance products conveniently.
- Title Agency Services
Last but not least, the company offers title agency services in several states, including Colorado, Florida, Maryland, Nevada, Pennsylvania, and Virginia. These services are provided to both its homebuilding subsidiaries and customers, further simplifying the homebuying process by offering a crucial component of real estate transactions directly.
