Industry News

MDC reports drop in home orders

Cancellation rate grows to 31% in first quarter
Published on Apr 20, 2006

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by CareyBot

Home builder MDC Holdings, which operates as Richmond American Homes, reported 3,800 net home orders in the first quarter, a 19.6 percent drop from 4,546 home orders in first-quarter 2005. The order cancellation rate increased from 20.2 percent in first-quarter ...