M.D.C. Holdings (MDC) Defended at Raymond James

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M.D.C. Holdings Announces 2019 Third Quarter Results

October 30, 2019 4:06 PM EDT

DENVER, Oct. 30, 2019 /PRNewswire/ -- M.D.C Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter ended September 30, 2019.

Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "MDC delivered another strong performance in the third quarter of 2019, generating net income of $51 million, or $0.79 per diluted share.  Net new orders increased 58% year-over-year on a sales pace of 3.6 homes per community per month.  The sizable demand we experienced during the quarter led us to raise prices at a majority of our communities.  We believe that these... More