{"id":409515,"date":"2021-01-06T09:01:15","date_gmt":"2021-01-06T14:01:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409515"},"modified":"2021-01-06T09:01:15","modified_gmt":"2021-01-06T14:01:15","slug":"m-d-c-holdings-reports-selected-preliminary-2020-fourth-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/m-d-c-holdings-reports-selected-preliminary-2020-fourth-quarter-results\/","title":{"rendered":"M.D.C. Holdings Reports Selected Preliminary 2020 Fourth Quarter Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DENVER<\/span>, <span class=\"xn-chron\">Jan. 6, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation&#8217;s leading homebuilders, reported selected preliminary results for the 2020 fourth quarter. These results are preliminary and unaudited. <\/p>\n<div>\n<table id=\"convertedTable8725\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td colspan=\"2\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <u>2020 Fourth Quarter Highlights and Comparisons to 2019 Fourth Quarter (preliminary and unaudited)<\/u><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">New home deliveries increased 7% to 2,564 from 2,389\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2022<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Average sales price of approximately $461,000<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net new home orders increased 72% to 2,708 from 1,574 <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2022<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Monthly sales absorption pace increased 67% to 4.7<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Homes in backlog increased 75% to 6,655 from 3,801 <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2022<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dollar value of backlog increased 87% to $3.26 billion<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>As previously announced, MDC will release its 2020 fourth quarter earnings before the market opens on <span class=\"xn-chron\">Tuesday, February 2, 2021<\/span>. MDC will host a teleconference the same day at <span class=\"xn-chron\">12:30 pm ET<\/span>.\u00a0<\/p>\n<p>\n        <b><br \/>\n          <i>About MDC<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>M.D.C. Holdings, Inc. was founded in 1972. MDC&#8217;s homebuilding subsidiaries, which operate under the name Richmond American Homes, have built and financed the American Dream for more than 210,000 homebuyers since 1977.\u00a0 MDC&#8217;s commitment to customer satisfaction, quality and value is reflected in each home its subsidiaries build. MDC is one of the largest homebuilders in <span class=\"xn-location\">the United States<\/span>. Its subsidiaries have homebuilding operations across the country, including the metropolitan areas of Denver, <span class=\"xn-location\">Colorado Springs<\/span>, <span class=\"xn-location\">Salt Lake City<\/span>, <span class=\"xn-location\">Las Vegas<\/span>, <span class=\"xn-location\">Phoenix<\/span>, <span class=\"xn-location\">Tucson<\/span>, <span class=\"xn-location\">Riverside<\/span>&#8211;<span class=\"xn-location\">San Bernardino<\/span>, <span class=\"xn-location\">Los Angeles<\/span>, <span class=\"xn-location\">San Diego<\/span>, <span class=\"xn-location\">Orange County<\/span>, <span class=\"xn-location\">San Francisco Bay Area<\/span>, <span class=\"xn-location\">Sacramento<\/span>, <span class=\"xn-location\">Washington D.C.<\/span>, <span class=\"xn-location\">Baltimore<\/span>, <span class=\"xn-location\">Orlando<\/span>, <span class=\"xn-location\">Jacksonville<\/span>, <span class=\"xn-location\">Seattle<\/span> and <span class=\"xn-location\">Portland<\/span>. MDC&#8217;s subsidiaries also provide mortgage financing, insurance and title services, primarily for Richmond American homebuyers, through HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol &#8220;MDC.&#8221; For more information, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3025905-1&amp;h=744070686&amp;u=http%3A%2F%2Fwww.mdcholdings.com%2F&amp;a=www.mdcholdings.com\" rel=\"nofollow noopener noreferrer\">www.mdcholdings.com<\/a><\/u>.<\/p>\n<p>\n        <b><br \/>\n          <i>Forward-Looking Statements<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>Certain statements in this release, including any statements regarding our business, financial condition, results of operation, cash flows, strategies and prospects, constitute &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of MDC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among other things, (1) general economic conditions, including the impact of the COVID-19 pandemic, changes in consumer confidence, inflation or deflation and employment levels; (2) changes in business conditions experienced by MDC, including restrictions on business activities resulting from the COVID-19 pandemic, cancellation rates, net home orders, home gross margins, land and home values and subdivision counts; (3) changes in interest rates, mortgage lending programs and the availability of credit; (4) changes in the market value of MDC&#8217;s investments in marketable securities; (5) uncertainty in the mortgage lending industry, including repurchase requirements associated with HomeAmerican Mortgage Corporation&#8217;s sale of mortgage loans (6) the relative stability of debt and equity markets; (7) competition; (8) the availability and cost of land and other raw materials used by MDC in its homebuilding operations; (9) the availability and cost of performance bonds and insurance covering risks associated with our business; (10) shortages and the cost of labor; (11) weather related slowdowns and natural disasters; (12) slow growth initiatives; (13) building moratoria; (14) governmental regulation, including orders addressing the COVID-19 pandemic, the interpretation of tax, labor and environmental laws; (15) terrorist acts and other acts of war; (16) changes in energy prices; and (17) other factors over which MDC has little or no control.\u00a0<b>Additional information about the risks and uncertainties applicable to MDC&#8217;s business is contained in MDC&#8217;s most recent annual report on Form 10-K and our subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.\u00a0 <\/b>All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed in this press release will increase with the passage of time. MDC undertakes no duty to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or webcasts should be consulted.<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA37194&amp;sd=2021-01-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/mdc-holdings-reports-selected-preliminary-2020-fourth-quarter-results-301202018.html\">http:\/\/www.prnewswire.com\/news-releases\/mdc-holdings-reports-selected-preliminary-2020-fourth-quarter-results-301202018.html<\/a><\/p>\n<p>SOURCE  M.D.C. Holdings, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA37194&amp;Transmission_Id=202101060857PR_NEWS_USPR_____LA37194&amp;DateId=20210106\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DENVER, Jan. 6, 2021 \/PRNewswire\/ &#8212;\u00a0M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation&#8217;s leading homebuilders, reported selected preliminary results for the 2020 fourth quarter. These results are preliminary and unaudited. 2020 Fourth Quarter Highlights and Comparisons to 2019 Fourth Quarter (preliminary and unaudited) New home deliveries increased 7% to 2,564 from 2,389\u00a0\u00a0 \u2022 Average sales price of approximately $461,000 Net new home orders increased 72% to 2,708 from 1,574 \u2022 Monthly sales absorption pace increased 67% to 4.7 Homes in backlog increased 75% to 6,655 from 3,801 \u2022 Dollar value of backlog increased 87% to $3.26 billion As previously announced, MDC will release its 2020 fourth quarter earnings before the market opens on Tuesday, February 2, 2021. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/m-d-c-holdings-reports-selected-preliminary-2020-fourth-quarter-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;M.D.C. Holdings Reports Selected Preliminary 2020 Fourth Quarter Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409515","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>M.D.C. Holdings Reports Selected Preliminary 2020 Fourth Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/m-d-c-holdings-reports-selected-preliminary-2020-fourth-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M.D.C. Holdings Reports Selected Preliminary 2020 Fourth Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DENVER, Jan. 6, 2021 \/PRNewswire\/ &#8212;\u00a0M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation&#8217;s leading homebuilders, reported selected preliminary results for the 2020 fourth quarter. These results are preliminary and unaudited. 2020 Fourth Quarter Highlights and Comparisons to 2019 Fourth Quarter (preliminary and unaudited) New home deliveries increased 7% to 2,564 from 2,389\u00a0\u00a0 \u2022 Average sales price of approximately $461,000 Net new home orders increased 72% to 2,708 from 1,574 \u2022 Monthly sales absorption pace increased 67% to 4.7 Homes in backlog increased 75% to 6,655 from 3,801 \u2022 Dollar value of backlog increased 87% to $3.26 billion As previously announced, MDC will release its 2020 fourth quarter earnings before the market opens on Tuesday, February 2, 2021. &hellip; Continue reading &quot;M.D.C. 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Holdings Reports Selected Preliminary 2020 Fourth Quarter Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/m-d-c-holdings-reports-selected-preliminary-2020-fourth-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"M.D.C. Holdings Reports Selected Preliminary 2020 Fourth Quarter Results - Market Newsdesk","og_description":"PR Newswire DENVER, Jan. 6, 2021 \/PRNewswire\/ &#8212;\u00a0M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation&#8217;s leading homebuilders, reported selected preliminary results for the 2020 fourth quarter. These results are preliminary and unaudited. 2020 Fourth Quarter Highlights and Comparisons to 2019 Fourth Quarter (preliminary and unaudited) New home deliveries increased 7% to 2,564 from 2,389\u00a0\u00a0 \u2022 Average sales price of approximately $461,000 Net new home orders increased 72% to 2,708 from 1,574 \u2022 Monthly sales absorption pace increased 67% to 4.7 Homes in backlog increased 75% to 6,655 from 3,801 \u2022 Dollar value of backlog increased 87% to $3.26 billion As previously announced, MDC will release its 2020 fourth quarter earnings before the market opens on Tuesday, February 2, 2021. &hellip; Continue reading \"M.D.C. 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