M.D.C. Holdings, Inc.’s MDC or MDC subsidiary, Richmond American Homes of California, has been focusing on expanding reach in new and existing locations. To that end, it unveiled three new communities — Seasons Ranch, Seasons Elevated and Liberty at Braverde — in Menifee.The communities will have ranch and two-story floor plans with designer details as well as nine new models. Also, the location is in close proximity to SR-79 and I-215 as well as various amenities.Solid Expansion Spree & Favorable Housing Markets Bode WellMDC remains focused on growing demand for entry-level homes, addressing the need for lower-priced homes, given affordability concerns prevailing in the U.S. housing market. The company invests aggressively in land acquisition and development, which is critical for top-line growth.Image Source: Zacks Investment ResearchShares of MDC have gained 33.5% over a year compared with the industry's 28.1% rally. The upside is likely to continue, given accretive acquisitions, its focus on the Build-to-Order process and solid housing market backdrop.Owing to favorable housing market fundamentals, MDC has witnessed a rise in consumer demand, which in turn is driving new orders. New single-family homes’ demand has seen a v-shaped recovery throughout the country and it is not an exception. A combination of lower interest rates and rising need for more work-at-home space has positively impacted affordability, thereby helping the company deliver solid performanceZacks RankMDC — which shares space with PulteGroup, Inc. PHM, Toll Brothers Inc. TOL and D.R. Horton, Inc. DHI in the same industry — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PulteGroup, Inc. (PHM): Free Stock Analysis Report Toll Brothers Inc. (TOL): Free Stock Analysis Report D.R. Horton, Inc. (DHI): Free Stock Analysis Report M.D.C. Holdings, Inc. (MDC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research