MDC Holdings

{{infobox company

| traded_as = {{ubl|{{NYSE was|MDC}}}}

| hq_location_country = U.S.

| key_people = {{ubl|Larry A. Mizel, Executive Chairman| David D. Mandarich, CEO / President}}

}}

M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado.{{Cite web|title=Investors {{!}} M.D.C. Holdings, Inc.|url=https://ir.richmondamerican.com/investor-home|access-date=2022-02-04|website=Investors {{!}} M.D.C. Holdings, Inc.|language=en}} The company has operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. On January 18, 2024, Sekisui House agreed to acquire the company for approximately $5 billion.{{Cite news |url=https://www.reuters.com/markets/deals/japans-sekisui-house-buy-us-homebuilder-mdc-holdings-495-bln-2024-01-18/ |title=Japan's Sekisui House to buy US homebuilder MDC for $4.95 bln |date=January 18, 2024 |work=Reuters}}

History

The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972.http://www.mdcrahfoundation.org/downloads/MDC_Foundation_Brochure.pdf {{Bare URL PDF|date=August 2024}} The first homebuilding subsidiary began operation in 1977, primarily building single-family homes.{{Cite web|last=American|first=Richmond|date=|title=Richmond American About us|url=https://www.richmondamerican.com/about-us|access-date=2022-02-03|website=Richmond American}} The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021.{{Cite web|last=Online|first=Builder|date=2022-02-04|title=Builder Online 100|url=https://www.builderonline.com/builder-100/builder-100-list/2021|access-date=2022-01-27|website=www.builderonline.com}}

MDC debuted on the New York Stock Exchange in 1984.{{Citation|title=MDC Holdings, Inc. (NYSE: MDC) Celebrates their 35th Anniversary of Listing| date=28 October 2019 |url=https://www.youtube.com/watch?v=HjK8IrG0m3U|language=en|access-date=2022-02-04}}

Affiliate companies

MDC's homebuilding subsidiaries construct single-family homes under the name "Richmond American Homes". MDC is also the parent company to mortgage financing through its wholly owned subsidiary HomeAmerican Mortgage Corporation. Other affiliate companies include American Home Insurance Agency, Inc. and American Home Title and Escrow Company.

Charitable work

The MDC/Richmond American Homes Foundation was established in 1999 as a vehicle for charitable giving.{{Cite web|title=Richmond American Foundation|url=https://www.mdcrahfoundation.org/history.html|access-date=2022-02-05|website=www.mdcrahfoundation.org}} Since inception, millions of dollars have been donated to organizations across the United States and abroad.{{Cite web|title=Richmond American Foundation|url=https://www.mdcrahfoundation.org/organizations.html|access-date=2022-02-05|website=www.mdcrahfoundation.org}} The Foundation restructured in 2016 and is currently a supporting organization of Lion Global Foundation.

Following the September 11 attacks in 2001, MDC, its employees and subcontractors raised $1.1 million for victims. The company was then presented with the Extraordinary Service to Humanity Award in New York in 2003.{{Cite web|title=M.D.C. Holdings Receives Humanitarian Service Award|url=https://ir.richmondamerican.com/2003-09-11-M-D-C-Holdings-Receives-Humanitarian-Service-Award|access-date=2022-02-04|website=Investors {{!}} M.D.C. Holdings, Inc.|language=en}}

References

== External links ==

[http://ir.richmondamerican.com/ M.D.C. Holdings Investor Relations]

Category:1980s initial public offerings

Category:Companies based in Denver

Category:Companies formerly listed on the New York Stock Exchange

Category:2024 mergers and acquisitions