MDC Holdings
MDC Holdings is a Denver-based American homebuilding company whose residential construction business operated primarily under the Richmond American Homes name.
Last updated August 26, 2026
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Overview
MDC Holdings, Inc. was an American residential construction company headquartered in Denver, Colorado. The business was founded in 1972 by Larry A. Mizel as Mizel Development Corporation and developed into a homebuilding group with operations across a broad set of U.S. markets. Its principal construction subsidiaries built single-family homes under the Richmond American Homes name, making Richmond American the consumer-facing residential brand most closely associated with MDC Holdings. The company’s homebuilding activities covered states in the western, southern, and eastern United States, including Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington. This geographic footprint gave MDC exposure to several regional housing markets rather than concentrating its activity in one metropolitan area. The company was ranked twelfth in Builder magazine’s 2021 Builder 100 listing, an indication of its scale within the U.S. homebuilding industry at that time. MDC’s first homebuilding subsidiary began operating in 1977 and initially focused primarily on single-family housing. In addition to construction, the group operated affiliated businesses supporting the home-purchase process. These included HomeAmerican Mortgage Corporation, a wholly owned mortgage-financing subsidiary, as well as American Home Insurance Agency, Inc. and American Home Title and Escrow Company. The combination of homebuilding, mortgage, insurance, and title-and-escrow activities gave the organization a wider role in residential transactions than a stand-alone builder. MDC Holdings became publicly traded on the New York Stock Exchange in 1984. Its corporate structure continued to center on the construction and sale of new homes through Richmond American Homes and related subsidiaries. The business also maintained a charitable platform. The MDC/Richmond American Homes Foundation was established in 1999 to support charitable organizations in the United States and abroad. The foundation was reorganized in 2016 and became a supporting organization of Lion Global Foundation. The company’s philanthropic history included a substantial employee- and subcontractor-supported response after the September 11, 2001 attacks. MDC and participants connected with the company raised $1.1 million for victims, and the company later received the Extraordinary Service to Humanity Award in New York in 2003. On January 18, 2024, Sekisui House agreed to acquire MDC Holdings for approximately $5 billion. The available reference material identifies the agreement but does not establish the transaction’s completion date or the company’s post-transaction legal and operating status. MDC Holdings should therefore be treated as an acquisition subject with an unresolved current-status field unless completion is confirmed through additional authoritative sources.
History
MDC Holdings originated in 1972, when Larry A. Mizel founded Mizel Development Corporation. The organization later became known as M.D.C. Holdings, Inc. Its first homebuilding subsidiary began operations in 1977, with an emphasis on constructing single-family homes. Over time, the company expanded its residential construction presence across western, southern, and eastern U.S. markets. The company’s homes were constructed and marketed primarily through subsidiaries operating under the Richmond American Homes name. This made Richmond American the central consumer-facing homebuilding identity within the MDC group. MDC also developed a collection of affiliated residential-services businesses. HomeAmerican Mortgage Corporation provided mortgage financing through a wholly owned subsidiary, while American Home Insurance Agency, Inc. and American Home Title and Escrow Company supported insurance and title-and-escrow needs associated with home purchases. MDC entered the public markets in 1984 with a listing on the New York Stock Exchange. Its scale continued to grow through a multi-state operating model. By 2021, Builder magazine ranked the company twelfth in its Builder 100 list. The company’s stated operating footprint included Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington. MDC also established a philanthropic presence. The MDC/Richmond American Homes Foundation was created in 1999 to provide charitable support to organizations in the United States and internationally. Following a restructuring in 2016, it operated as a supporting organization of Lion Global Foundation. In the aftermath of the September 11 attacks, MDC, its employees, and subcontractors raised $1.1 million for victims. The company received the Extraordinary Service to Humanity Award in New York in 2003 in connection with this effort. A major strategic event occurred on January 18, 2024, when Sekisui House agreed to acquire MDC Holdings for approximately $5 billion. The cited material records the agreement but does not establish whether the acquisition was completed, when it closed, or how MDC’s brands and subsidiaries were subsequently organized. The company’s present status therefore remains unresolved in this dossier.
- 2024
Sekisui House acquisition agreement
[1]Sekisui House agreed to acquire MDC Holdings for approximately $5 billion.
- 2021
Builder 100 ranking
[1]MDC Holdings was ranked twelfth in Builder magazine’s annual Builder 100 list.
- 2016
Foundation restructuring
[1]The MDC/Richmond American Homes Foundation was restructured and became a supporting organization of Lion Global Foundation.
- 2003
Extraordinary Service to Humanity Award
[1]MDC received the Extraordinary Service to Humanity Award in New York after its September 11 relief fundraising.
- 2001
Post-September 11 fundraising
[1]MDC, employees, and subcontractors raised $1.1 million for victims of the September 11 attacks.
- 1999
MDC/Richmond American Homes Foundation established
[1]The company created a foundation to support charitable organizations in the United States and abroad.
- 1984
New York Stock Exchange debut
[1]MDC Holdings became publicly traded on the New York Stock Exchange.
- 1977
First homebuilding subsidiary begins operations
[1]The company’s first homebuilding subsidiary began operating, primarily constructing single-family homes.
- 1972
Mizel Development Corporation is founded
[1]Larry A. Mizel founded the organization that later became MDC Holdings.
Products and positioning
A regional and multi-state U.S. residential homebuilder supported by affiliated mortgage, insurance, title, and escrow services.
Single-family homebuilding
Richmond American Homes
Richmond American Homes was the principal homebuilding name used by MDC’s construction subsidiaries. The business focused primarily on newly constructed single-family residences across MDC’s multi-state operating footprint. The available source identifies the brand and its role within the group but does not provide a complete catalog of home designs, price tiers, communities, or current availability.
Mortgage financing
HomeAmerican Mortgage Corporation
HomeAmerican Mortgage Corporation was MDC’s wholly owned mortgage-financing subsidiary. It formed part of the group’s broader residential transaction platform by providing mortgage services connected with the company’s homebuilding business. Specific loan products, geographic coverage, and present ownership are not established by the cited material.
Home insurance
American Home Insurance Agency, Inc.
American Home Insurance Agency, Inc. was identified as an MDC affiliate supporting the residential home-purchase ecosystem. The available source confirms its affiliation but does not describe its individual insurance products or current operating status.
Title and escrow services
American Home Title and Escrow Company
American Home Title and Escrow Company was another MDC affiliate associated with residential transactions. It represented the group’s title-and-escrow service capability, although detailed service coverage and current status are not specified in the available reference.
Marketing campaigns
- 2001September 11 relief fundraising
United States
MDC, its employees, and subcontractors organized fundraising for victims of the September 11 attacks, collecting $1.1 million.
Outcome. The fundraising supported victims, and MDC later received the Extraordinary Service to Humanity Award in New York in 2003.
Brand decisions
2024
Agreement to sell MDC Holdings to Sekisui HouseM&ABackground
Sekisui House agreed to acquire MDC Holdings as part of a transaction valued at approximately $5 billion.
Action taken
The parties entered into an acquisition agreement on January 18, 2024.
Aftermath
The available reference does not confirm transaction closing or the subsequent treatment of MDC’s Richmond American Homes and affiliated businesses.
Announced acquisition value. approximately $5 billion (January 18, 2024 announcement)
Recent events
M.D.C. Holdings appoints David D. Mandarich as president and CEO[2]
Reported:
M.D.C. Holdings appointed David D. Mandarich as its new President and Chief Executive Officer. The article reports the appointment in its October 29, 2020 announcement.
M.D.C. Holdings announces third-quarter 2020 results[2]
Reported:
M.D.C. Holdings announced results for the quarter ended September 30, 2020, reporting net income of $98.9 million, up 96% from the third quarter of 2019.
Sources3 sources
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