MDC's Q4 Earnings & Revenues Beat, Net New Orders Surge 697%

M.D.C. Holdings, Inc. (MDC) reported better-than-expected results for fourth-quarter 2023. Its earnings topped the Zacks Consensus Estimate and increased year over year.Revenues surpassed the consensus estimate but declined year over year. Following the results, shares of this homebuilding company inched up 0.1% on Jan 30.MDC’s uptrend can be attributed to the current new home market, which continues to benefit from the lack of existing home supply. The company witnessed notable improvements in its net new ...