Per an M.D.C. Holdings press statement, "M.D.C. Holdings, Inc. (NYSE: MDC) has just announced that its Richmond American Homes of Utah subsidiary has opened a new community in the thriving city of Saratoga Springs, Utah. Fox Hollow is now selling in its pre-grand opening phase. An official grand opening is slated for the fall of 2013 when two model homes are scheduled for completion."

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Learn more about markets featured in this article: Salt Lake City, UT.