M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado. 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.3 Its shares trade on NYSE under the symbol MDC.1Wikipedia text CC BY-SA 4.0
M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado. 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.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Total assets17910111284$6.8B in 2024+128% since 2018Total liabilities17910111284$2.9B in 2024+101% since 2018Shareholders’ equity10111284$4.0B in 2024+152% since 2018Cash17$474.2M in 2019+1% since 2018Long-term debt17910111284$1.5B in 2024+50% since 2018
Total assets141516$8.3B in Q2 FY2026+60% since Q3 FY2025Total liabilities141516$2.8B in Q2 FY2026+23% since Q3 FY2025Shareholders’ equity141516$5.5B in Q2 FY2026+89% since Q3 FY2025
MDC Holdings sits at the top of its group. 49 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
David D. MandarichFiled SC 13D/A on MDC Holdings, latest Apr 19, 2024 (5 filings since Feb 8, 2022)
Larry A. MizelFiled SC 13D/A on MDC Holdings, latest Apr 19, 2024 (5 filings since Feb 8, 2022)
VANGUARD GROUP INCFiled SC 13G/A on MDC Holdings, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
BlackRockFiled SC 13G/A on MDC Holdings, latest Jan 23, 2024 (5 filings since Jan 25, 2022)
MDC HoldingsDenver, Colorado
American Home Insurance Agency, Inc. Subsidiary · Colorado, United States
American Home Title and Escrow Company Subsidiary · Colorado, United States
Chesmar Homes, LLC Subsidiary · Texas, United States
CLM Mortgage, Inc. Subsidiary · Texas, United States
Entitled Insurance Agency, Inc. Subsidiary · Texas, United States
Heritage Homes of Molalla, Oregon, Inc. Subsidiary · Oregon, United States
Holt Holdings OR, LLC Subsidiary · Delaware, United States
Holt Homes Realty, LLC Subsidiary · Delaware, United States
HomeAmerican Mortgage Corporation Subsidiary · Colorado, United States
Hubble Homes, LLC Subsidiary · Idaho, United States
M.D.C. Land LLC Subsidiary · Colorado, United States
MCM of Washington, Inc. Subsidiary · Washington, United States
N Title, Inc. Subsidiary · Texas, United States
RAH of Florida, Inc. Subsidiary · Colorado, United States
Richmond American Construction NM, Inc. Subsidiary · Colorado, United States
Richmond American Construction, Inc. Subsidiary · Delaware, United States
Richmond American Homes Corporation Subsidiary · Colorado, United States
Richmond American Homes of Arizona, Inc. Subsidiary · Delaware, United States
Richmond American Homes of Colorado, Inc. Subsidiary · Delaware, United States
Richmond American Homes of Florida, LP Subsidiary · Colorado, United States
Richmond American Homes of Idaho, Inc. Subsidiary · Colorado, United States
Richmond American Homes of Maryland, Inc. Subsidiary · Maryland, United States
Richmond American Homes of Nevada, Inc. Subsidiary · Colorado, United States
Richmond American Homes of New Mexico, Inc. Subsidiary · Colorado, United States
Richmond American Homes of Pennsylvania, Inc. Subsidiary · Colorado, United States
and 23 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MDC Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our corporate office is located at 4350 South Monaco Street, Denver, Colorado 80237, where we lease all 144,000 square feet of office space in the building. In many of our markets, our homebuilding divisions and other SHUS subsidiaries lease additional office space. While we are currently satisfied with the suitability and capacity of our office locations to meet our current business needs, we continue to evaluate them in view of market conditions and the size of our operations.
The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972. The first homebuilding subsidiary began operation in 1977, primarily building single-family homes. The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021.
MDC debuted on the New York Stock Exchange in 1984.
Jan 31, 2023Reported quarterly or annual results59
Oct 27, 2022Reported quarterly or annual results60
Jul 28, 2022Reported quarterly or annual results61
Apr 28, 2022Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
256 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 57 major events, 99 insider forms, 22 large holders, 57 other. The latest 20:
24 open-market trades by officers, directors and large owners since October 2021: 0 buys and 24 sales. Grants, option exercises and gifts are left out.
The risks MDC Holdings names in Item 1A of its 10-K filed Mar 12, 2026: 19 risks under these headings, as written.19
Changes in general economic, real estate and other business conditions may have an adverse effect on the homebuilding and mortgage industries, which could have a negative impact on our business.
Increased competition levels in the homebuilding and mortgage lending industries could have a negative impact on our homebuilding and mortgage operations.
If land is not available at reasonable prices or terms, we could be required to scale back our operations in a given market and/or we may operate at lower levels of profitability.
Supply shortages and other risks related to the demand for skilled labor and building materials could continue to increase costs and delay deliveries.
If mortgage interest rates rise, if down payment requirements are increased, if loan limits are decreased, or if mortgage financing otherwise becomes less available, it could adversely affect our business.
Public health issues such as a pandemic or epidemic could harm business and results of operations of the Company.
Changes to tax laws, incentives or credits currently available to our customers may negatively impact our business.
A decline in the market value of our homes or carrying value of our land could continue to have a negative impact on our business.
Natural disasters could cause an increase in home construction costs, as well as delays, and could negatively impact our business.
Changes in energy prices or regulations may have an adverse effect on our cost of building homes.
We have financial needs that we meet through the capital markets, including the debt and secondary mortgage markets, and disruptions in these markets could have an adverse impact on the results of our business.
In the ordinary course of business, we are required to obtain surety bonds, the unavailability of which could adversely affect our business.
The other 7 risks
Product liability litigation and warranty claims that arise in the ordinary course of business may be costly.
Repurchase requirements associated with HomeAmerican’s sale of mortgage loans, could negatively impact our business.
Because of the seasonal nature of our business, our quarterly operating results can fluctuate.
We are dependent on the services of key employees, and the loss of their services could hurt our business.
Information technology failures and cybersecurity breaches could harm our business.
Financial industry turmoil could materially and adversely affect our liquidity and consolidated financial statements.
Litigation challenging the completion of the Merger Agreement may be costly.
Legal proceedings
This information required with respect to this item can be found in Part II, Item 8, Notes to Consolidated Financial Statements, "Note 16. Commitments and Contingencies" in this annual report and is incorporated by reference into this Item 3.
