Exhibit 99.1 |
![]() NEWS BULLETIN |
M.D.C. HOLDINGS, INC. | RICHMOND AMERICAN HOMES HOMEAMERICAN MORTGAGE |
FOR IMMEDIATE RELEASE |
Contacts: | Paris G. Reece III Chief Financial Officer (303) 804-7706 greece@mdch.com | Rachel L. Neumann Communications Director (303) 804-7729 rlneumann@mdch.com |
M.D.C. HOLDINGS REPORTS RECORD FOURTH QUARTER |
M.D.C. HOLDINGS, INC. |
Three Months Ended December 31, | Year Ended December 31, | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2003 | 2002 | 2003 | 2002 | |||||||||||
Orders For Homes, net (Units) | ||||||||||||||
Colorado | 425 | 382 | 2,433 | 2,681 | ||||||||||
California | 635 | 387 | 2,116 | 2,086 | ||||||||||
Nevada | 534 | 283 | 2,595 | 1,260 | ||||||||||
Arizona | 562 | 573 | 3,229 | 2,669 | ||||||||||
Utah | 86 | 34 | 378 | 111 | ||||||||||
Texas | 95 | 15 | 289 | 17 | ||||||||||
Virginia | 234 | 194 | 1,160 | 798 | ||||||||||
Maryland | 64 | 63 | 372 | 277 | ||||||||||
Florida | 55 | -- | 58 | -- | ||||||||||
Total | 2,690 | 1,931 | 12,630 | 9,899 | ||||||||||
Homes Closed (Units) | ||||||||||||||
Colorado | 686 | 814 | 2,656 | 2,919 | ||||||||||
California | 501 | 606 | 1,919 | 1,654 | ||||||||||
Nevada | 700 | 510 | 2,059 | 1,204 | ||||||||||
Arizona | 905 | 784 | 2,972 | 2,218 | ||||||||||
Utah | 84 | 38 | 277 | 102 | ||||||||||
Texas | 67 | 1 | 162 | 1 | ||||||||||
Virginia | 273 | 188 | 782 | 556 | ||||||||||
Maryland | 77 | 53 | 291 | 246 | ||||||||||
Florida | 81 | -- | 93 | -- | ||||||||||
Total | 3,374 | 2,994 | 11,211 | 8,900 | ||||||||||
Backlog (Units) December 31, | Active Subdivisions December 31, | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2003 | 2002 | 2003 | 2002 | |||||||||||
Colorado | 734 | 957 | 49 | 61 | ||||||||||
California | 1,119 | 922 | 26 | 24 | ||||||||||
Nevada | 886 | 350 | 17 | 18 | ||||||||||
Arizona | 1,333 | 1,076 | 38 | 44 | ||||||||||
Utah | 151 | 50 | 11 | 4 | ||||||||||
Texas | 143 | 16 | 11 | 1 | ||||||||||
Virginia | 854 | 476 | 28 | 20 | ||||||||||
Maryland | 269 | 188 | 9 | 6 | ||||||||||
Florida | 104 | -- | 9 | -- | ||||||||||
Total | 5,593 | 4,035 | 198 | 178 | ||||||||||
Backlog Estimated Sales Value (in thousands) | $ | 1,600,000 | $ | 1,120,000 | ||||||||||
* In September 2003, MDC acquired certain assets of Crawford Homes in Jacksonville, including 139 homes in -###- |