M.D.C. Holdings (MDC) Misses Q3 EPS by 14c
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M.D.C. Holdings Announces 2015 Third Quarter Results
October 27, 2015 6:00 AM EDTDENVER, Oct. 27, 2015 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended September 30, 2015.
2015 Third Quarter Highlights and Comparisons to 2014 Third Quarter
Home sale revenues of $454.7 million, up 12% from $405.1 million Average sales price up $51,000 per home, or 14%, to $421,000 Homes delivered of 1,080Â vs. 1,093 Gross margin from home sales of 16.4% vs. 16.5% Excluding $4.4 million in inventory impairments, gross margin from home sales up 80 basis points year-over-year and 70 basis points sequentially from the 2015 second quarter to 17.3%*... More