Sekisui House Acquires M.D.C. Holdings

M.D.C. Holdings is a homebuilding and financial services company that purchases finished lots or develops lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name “Richmond American Homes.” M.D.C.'s financial services operations consist of HomeAmerican Mortgage Corporation, which originates mortgage loans primarily for homebuyers, Allegiant Insurance Company, Inc., which provides insurance coverage primarily to homebuilding subsidiaries and most of its subcontractors for homes sold by M.D.C.'s homebuilding subsidiaries and for work performed in completed subdivisions, StarAmerican Insurance Ltd., which is a re-insurer on Allegiant claims, American Home Insurance Agency, Inc., which offers third-party insurance products to homebuyers and American Home Title and Escrow Company, which provides title agency services to our homebuilding subsidiaries and our customers in certain states. M.D.C. Holdings was formed in 1972 and is based in Denver, Colorado.