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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| April 06, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BUILDING

MDC orders set new record

The home builder logged the most home orders for any quarter in its history with 4,546 orders, a 3% rise from last year. Arizona orders were up 27%, while Maryland and Virginia markets each logged 17% increases. MDC's backlog rose 11% to 7,893 homes with a value of $2.43 bil, a 17% rise from last year. Shares rose 17 cents to 70.77.

Hovnanian's contracts climb 11%

The home builder cited strong activity in the Southeast and Southwest for a boost in contracts for new houses and condos. Net contracts gained 11% to 1,910 from a year ago while the dollar value rose 22% to $650.4 mil. But California ...

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