MDC
- M.D.C. Holdings, Inc.
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Overview
Company Summary
M.D.C. Holdings, Inc. (MDC) is a company primarily engaged in the construction and sale of single-family homes under several popular brand names. Founded in 1972 and based in Denver, Colorado, MDC is one of the leading homebuilders in the United States.
The company operates through its various subsidiaries, namely Richmond American Homes, which is its primary brand. Under the Richmond American Homes brand, MDC constructs and sells a wide range of single-family homes across multiple states, targeting a diverse customer base.
MDC's business model involves acquiring land, obtaining necessary permits, designing home plans, and executing the entire construction process. The homes are typically built in planned residential communities and master-planned developments, often including amenities such as parks, trails, and recreation centers.
MDC focuses on offering a variety of options and customizations to suit the preferences and needs of homebuyers. They provide homes of different sizes, architectural designs, and price ranges, aiming to cater to first-time buyers, move-up buyers, and active adult buyers. The company offers both quick move-in homes and build-to-order homes, providing flexibility and convenience to potential homeowners.
Besides home construction, MDC is involved in financial services through its subsidiary, HomeAmerican Mortgage Corporation. This division provides mortgage financing, allowing buyers to secure loans for their home purchases.
MDC operates in multiple states across the country, primarily in the western and southeastern regions of the United States. Their strong presence in these regions enables them to benefit from diverse housing markets and economic conditions.
Overall, M.D.C. Holdings, Inc. is a well-established company that specializes in constructing and selling single-family homes through its various brands. Their focus on customization, affordability, and providing a range of choices positions them as a significant player in the residential real estate industry.