MDC Holdings

Type: Public
On the web: http://www.richmondamerican.com
Employees: 1,275
Employee growth: (41.2%)

Being king of the mountain isn't enough for M.D.C. Holdings (MDC). One of Colorado's top homebuilders, it also operates in several other markets throughout the US. Operating as Richmond American Homes, MDC annually builds about 3,000 single-family detached homes and townhomes with an average price of about $300,000. Its homebuilding segment operates through about a dozen subsidiaries. Financial subsidiaries HomeAmerican Mortgage Corporation, American Home Insurance Agency, and American Home Title and Escrow Company provide related home buying financial services.

Key numbers for fiscal year ending December, 2008:
Sales: $1,458.1M
One year growth: (50.3%)
Net income: ($380.5)M

Officers:
Chairman and CEO: Larry A. Mizel
President, COO, and Director: David D. Mandarich
SVP, CFO, and Principal Accounting Officer: Christopher M. Anderson

Competitors:
D.R. Horton
KB Home
Pulte Homes

M.D.C. Holdings, Inc. ("MDC"), whose subsidiaries build homes under the name "Richmond American Homes," is one of the top ten homebuilders in the United States, based on 2006 revenue. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary HomeAmerican Mortgage Corporation. MDC, a Fortune 500 Company, is a major regional homebuilder with a significant presence in Colorado, Jacksonville, Las Vegas, Maryland, Northern California, Northern Virginia, Phoenix, Salt Lake City, Southern California and Tucson. MDC also has established operating divisions in Chicago, Philadelphia/Delaware Valley and West Florida. MDC is based in Denver, CO.

Notable personnel

• Larry Mizel, CEO

References

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