-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UHMOUELVhEFvKLB49ahhpZQHWzA4qNF7MeremRDIiCA9zTKxm+FTGgG/OGB9yRaF r2KjBjwFBaVc69l5Q5vzEQ== 0000773141-03-000002.txt : 20030403 0000773141-03-000002.hdr.sgml : 20030403 20030403144409 ACCESSION NUMBER: 0000773141-03-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030402 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MDC HOLDINGS INC CENTRAL INDEX KEY: 0000773141 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 840622967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08951 FILM NUMBER: 03638166 BUSINESS ADDRESS: STREET 1: 3600 S YOSEMITE ST STE 900 CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3037731100 MAIL ADDRESS: STREET 1: 3600 S YOSEMITE ST STREET 2: SUITE 900 CITY: DENVER STATE: CO ZIP: 80237 8-K 1 form8_k040303.txt FORM 8-K FOR PRESS RELEASE - ORDERS 4/3/03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): April 2, 2003 M.D.C. Holdings, Inc. ----------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-8951 84-0622967 - --------------------- ---------------------- ------------------------ (State or other (Commission file number) (I.R.S. employer jurisdiction of identification no.) incorporation) 3600 South Yosemite Street, Suite 900, Denver, Colorado 80237 -------------------------------------------- ---------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (303) 773-1100 ------------------------------------------------------------------ Not Applicable ------------------------------------------------------------------ (Former name or former address, if changed since last report) ITEM 7. EXHIBITS Exhibit Number Description - -------------- -------------------------------------------------- Exhibit 99.1 Press Release dated April 2, 2003. ITEM 9. REGULATION FD DISCLOSURE On April 2, 2003, M.D.C. Holdings, Inc. reported home orders, home closings and quarter-end backlog for the quarterly period ended March 31, 2003. A copy of this press release is attached hereto as Exhibit 99.1. The information in Exhibit 99.1 is being provided pursuant to Item 12 of Form 8-K. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ------------------- M.D.C. HOLDINGS, INC. Dated: April 3, 2003 By: /s/ Joseph H. Fretz ----------------------- Joseph H. Fretz Secretary and Corporate Counsel INDEX TO EXHIBITS Exhibit Number Description - -------------- --------------------------------------------------- Exhibit 99.1 Press Release dated April 2, 2003. EX-99 2 exh99_1.txt PRESS RELEASE DATED 4/2/03 Exhibit 99.1 NEWS BULLETIN [GRAPHIC OMITTED] M.D.C. HOLDINGS, INC. RICHMOND AMERICAN HOMES HOMEAMERICAN MORTGAGE FOR IMMEDIATE RELEASE WEDNESDAY, APRIL 2, 2003 - ---------------------------------------------------------------------------- Contacts: Paris G. Reece III Robert Solomon Chief Financial Officer Rubenstein Associates, Inc. (303) 804-7706 (212) 843-8050 greece@mdch.com rsolomon@rubenstein.com M.D.C. HOLDINGS REPORTS RECORD HOME ORDERS, HOME CLOSINGS AND QUARTER-END BACKLOG * Quarterly orders for 3,365 homes, highest in MDC's history; a 21% year-over-year increase * Closed 2,100 homes, a first quarter record * Backlog of 5,300 homes; sales value of $1.4 billion DENVER, Wednesday, April 2, 2003 - M.D.C. Holdings, Inc. (NYSE/PCX: MDC) (www.RichmondAmerican.com) today announced the highest level of home orders for any quarter in the Company's history. The Company received orders, net of cancellations, for 3,365 homes during the first quarter of 2003, an increase of 21% over the net orders for 2,776 homes received in the same period in 2002. First quarter 2003 home orders particularly were strong in Nevada, Maryland, Virginia and Arizona (up 182%, 71%, 67% and 38%, respectively), aided by year-over-year increases in the number of active subdivisions and a continued strong demand for new homes in these markets. Home orders were lower in Colorado on a comparable number of active subdivisions, primarily due to the market's more challenging economic environment. MDC closed 2,100 homes in the first quarter of 2003, the highest for any first quarter in the Company's history and 25% above the 1,674 homes closed in the same period in 2002. The Company ended the first quarter of 2003 with a record quarter-end backlog of 5,300 homes with an estimated sales value of $1.40 billion, 33% higher than the backlog of 3,984 homes with an estimated sales value of $1.05 billion at March 31, 2002. MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary, HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company is the largest homebuilder -more- [GRAPHIC OMITTED] M.D.C. HOLDINGS, INC. Page 2 in Colorado; among the top five homebuilders in Northern Virginia, Phoenix and Tucson; among the top ten homebuilders in suburban Maryland, Las Vegas, Northern California, Southern California and Salt Lake City; and has recently entered the Dallas/Fort Worth market. -more- M.D.C. HOLDINGS, INC. Homebuilding Operational Data (Dollars in Thousands) Three Months Ended March 31, ------------------------------ 2003 2002 ------------ ------------ Orders For Homes, net (units) Colorado.................... 671 1,001 California.................. 530 591 Arizona..................... 924 670 Nevada...................... 583 207 Utah........................ 93 - - Texas....................... 50 - - Virginia.................... 403 242 Maryland.................... 111 65 ------------ ------------ Total.................. 3,365 2,776 ============ ============ Homes Closed (units) Colorado.................... 609 609 California.................. 428 292 Arizona..................... 571 438 Nevada...................... 273 141 Utah........................ 40 - - Texas....................... 10 - - Virginia.................... 102 130 Maryland.................... 67 64 ------------ ------------ Total.................. 2,100 1,674 ============ ============
March 31, December 31, March 31, 2003 2002 2002 ------------ ------------ ------------ Backlog (units) Colorado.................... 1,019 957 1,587 California.................. 1,024 922 789 Arizona..................... 1,429 1,076 857 Nevada...................... 660 350 247 Utah........................ 103 50 - - Texas....................... 56 16 - - Virginia.................... 777 476 346 Maryland.................... 232 188 158 ------------ ------------ ------------ Total.................. 5,300 4,035 3,984 ============ ============ ============ Backlog Estimated Sales Value...... $ 1,400,000 $ 1,120,000 $ 1,050,000 ============ ============ ============ Active Subdivisions................ 199* 178 150 ============ ============ ============ *Beginning of March
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