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Post# of 113874
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cliffvb

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cliffvb

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Friday, 09/13/2019 9:13:13 AM

Friday, September 13, 2019 9:13:13 AM

Post# of 113874
MDC, a homebuilder, reported a blow out number on new orders last night and is up about 3% premarket. Many home builders have been on fire lately with lower interest rates and the calming of concerns of a recession. I remain bullish on the sector.

M.D.C. Holdings (NYSE:MDC) reports net new home orders of 1,418 (+63% Y/Y) for first two months of the 2019 third quarter vs. 868 for the same period in 2018.

The increase was driven by a 40% improvement in the monthly sales absorption rate to 3.75 and a 17% increase in the average number of active subdivisions to 189.

The company believes it is well positioned for a strong close to the 2019 fiscal year due to the continued strength in order activity.
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