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A bump in home closings helped MDC Holdings Inc. trim its loss in the first quarter, but the homebuilder and mortgage company saw new home orders tumble by nearly a quarter from a year ago.
MDC on Tuesday reported a loss of $19.9 million, or 43 cents a share, for the three months ended March 31. That compares with a loss of $20.9 million, or 45 cents a share, in the same quarter last year. Total revenue climbed 15 percent, to $169.7 million. Results fell short of analysts’ consensus forecast.
