This article reads like a press release or a news article and may be largely based on routine coverage .(September 2016) |
Company type | Subsidiary |
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Headquarters | Denver, Colorado, U.S. |
Key people |
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Parent | Sekisui House |
Website | ir |
M.D.C. Holdings, Inc. is an American home construction company with headquarters in Denver, Colorado. [1] The company has operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia and Washington. On January 18, 2024, Sekisui House agreed to acquire the company for approximately $5 billion. [2]
The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972. [3] The first homebuilding subsidiary began operation in 1977, primarily building single-family homes. [4] The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021. [5]
MDC debuted on the New York Stock Exchange in 1984. [6]
MDC's homebuilding subsidiaries construct single-family homes under the name "Richmond American Homes". MDC is also the parent company to mortgage financing through its wholly owned subsidiary HomeAmerican Mortgage Corporation. Other affiliate companies include American Home Insurance Agency, Inc. and American Home Title and Escrow Company.
The MDC/Richmond American Homes Foundation was established in 1999 as a vehicle for charitable giving. [7] Since inception, millions of dollars have been donated to organizations across the United States and abroad. [8] The Foundation restructured in 2016 and is currently a supporting organization of Lion Global Foundation. [7]
Following the September 11 attacks in 2001, MDC, its employees and subcontractors raised $1.1 million for victims. The company was then presented with the Extraordinary Service to Humanity Award in New York in 2003. [9]
The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund is an American financial services organization that is a private provider of financial retirement services in the academic, research, medical, cultural and governmental fields. TIAA is listed on the Fortune 100 and serves over 5 million active and retired employees participating at more than 15,000 institutions and has $1 trillion in combined assets under management with holdings in more than 50 countries.
Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities.
Hovnanian Enterprises, Inc. is an American real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes.
Warren G. Lichtenstein is an American businessman and philanthropist. Lichtenstein is founder and executive chairman of Steel Partners Holdings L.P. (NYSE:SPLP), a global diversified holding company. He founded the company in 1990 at the age of 24 after beginning his career as an analyst at Para Partners, L.P. and then serving as an acquisition analyst at Ballantrae Partners, L.P. Over the past 25 years Steel Partners has grown from a private investment fund, with two employees and assets of $600,000, into Steel Partners Holdings L.P., a company with a combined revenue of more than $3.6 billion that through its holdings employs 13,500 people in 155 plants and facilities in 20 countries.
Duquesne Light Holdings, Inc. (DLH) is an energy services holding company formed in 1989 to serve as the holding company for Duquesne Light Company and to engage in certain unregulated energy and related businesses. After a 2007 acquisition, DLH is a wholly owned subsidiary of parent company DQE Holdings LLC, with principal executive offices located in Pittsburgh, Pennsylvania.
HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International—shortly after Household International settled for US$486 million in charges pertaining to predatory lending, after burning through $389 million in legal fees and expenses—and is now expanding its consumer finance model via the HSBC Group to Brazil, India, Argentina and elsewhere.
KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder. Its headquarters are in Los Angeles, California.
Toll Brothers is a financial company, which finance for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.
Lennar Corporation (Lennar) is a home construction company based in Miami-Dade County, Florida. As of 2023, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
Pacific Life Insurance Company is an American insurance company.
Larry A. Mizel is an American business executive and philanthropist based in Denver, Colorado. He is executive chairman of MDC Holdings.
Pasquinelli Homes was a Chicago, Illinois based home building company, founded in 1956 by brothers Bruno and Tony Pasquinelli. Other family members helped establish the company's growth including their brothers Jim and Mike, and cousin Jerry Spezia. In 2007, it was the fifth largest privately owned home building company in the United States according to Builder Magazine's 2007 Builder 100 report.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
LGI Homes, Inc. is an American construction company that is known for building homes and housing developments in the southwestern and southeastern United States. The company was founded in 2003 and is based in The Woodlands, Texas. It went public on NASDAQ in 2013
DMCI Homes, Inc. is the real estate arm of DMCI Holdings through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.
The Del E. Webb Construction Company was a construction company that was founded in 1928 and developed by Del Webb. Headquartered in Phoenix, Arizona, United States, it became the Del E. Webb Corporation a publicly traded company on the New York Stock Exchange in 1960. The same year, the corporation unveiled Sun City, outside Phoenix, as the first community designed for senior citizens. Many more Sun Cities were built by the corporation in the following decades. Along with construction, the corporation was also involved in real estate and owned several hotels and casinos which were built and/or expanded by the company. The company was purchased in 2001 by Pulte Homes. Pulte Homes since merged with Centex Corp. and became PulteGroup. Del Webb continues as a brand of PulteGroup.
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees. There are 219 GOCCs as of 2022. GOCCs both receive subsidies and pay dividends to the national government. A government-owned or controlled corporation is a stock or a non-stock corporation, whether performing governmental or proprietary functions, which is directly chartered by a special law or if organized under the general corporation law is owned or controlled by the government directly, or indirectly through a parent corporation or subsidiary corporation, to the extent of at least a majority of its outstanding capital stock or of its outstanding voting capital stock.
Black Knight, Inc. is an American corporation that provides integrated technology, services, data and analytics to the mortgage lending, servicing and real estate industries, as well as the capital and secondary markets. Black Knight is also known for its monthly benchmark data reports: Mortgage Monitor, a month-end analysis of mortgage performance statistics derived from Black Knight's loan-level database representing the majority of the national mortgage market; and Originations Market Monitor, the industry's earliest and most comprehensive view of single-family residential mortgage originations based on daily rate lock data from Black Knight's Optimal Blue PPE. In 2023, Intercontinental Exchange acquired the company for $11.7 billion.
Mr. Cooper Group Inc., formerly WMI Holdings Corporation., is a home loan servicer headquartered in the Dallas, Texas, area. Mr. Cooper Group specializes in residential mortgages, mortgage refinancing, home loans, and home loan refinancing It is one of the largest mortgage servicers in the United States with a servicing portfolio of approximately $937 billion and more than 4.3 million customers.
Steven Joseph Hilton is an American business executive and philanthropist. He is the co-founder, executive chairman, and former CEO of Meritage Homes Corporation.