Benzinga | Jan 6, 2021 08:59AM EST

M.D.C. Holdings Sees Prelim. Q4 New Home Deliveries Up 7%, Avg. Sales Price $461,000, Net New Home Orders Up 72%

DENVER, Jan. 6, 2021 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE:MDC), one of the nation's leading homebuilders, reported selected preliminary results for the 2020 fourth quarter. These results are preliminary and unaudited.

2020 Fourth Quarter Highlights and Comparisons to 2019 Fourth Quarter (preliminary and unaudited)

New home deliveries increased 7% to 2,564 from 2,389

? Average sales price of approximately $461,000

Net new home orders increased 72% to 2,708 from 1,574

? Monthly sales absorption pace increased 67% to 4.7

Homes in backlog increased 75% to 6,655 from 3,801

? Dollar value of backlog increased 87% to $3.26 billion

As previously announced, MDC will release its 2020 fourth quarter earnings before the market opens on Tuesday, February 2, 2021. MDC will host a teleconference the same day at 12:30 pm ET.