Summary
M.D.C. Holdings Inc., based in Denver, is a major homebuilder operating under the name Richmond American Homes. In 2023, total revenues were $4.5 billion. The average price of the 8,228 homes sold was $549,000, down 5% from 2022. The company’s focus is on single-family detached homes. Roughly 58% of homebuilding revenues come from the West Coast, 28% from the Mountain states, and 14% from the East. The Financial Services segment consists of HomeAmerican Mortgage Corp., American Home Insurance Agency and American Home Title, which primarily provide services to Richmond American’s home buyers. The company is on a calendar basis with the year ending on December 31.
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