October 25, 2005

M.D.C. Holdings to Webcast Live Its Presentation at the UBS Building and Building Products CEO Investor Conference

DENVER, Oct. 25 /PRNewswire-FirstCall/ -- M.D.C. Holdings, Inc. (NYSE: MDC; PCX) today announced that it will be making a presentation at the UBS Building and Building Products CEO Investor Conference to be webcast live Wednesday, November 2, 2005, at 1:40 p.m. EST. The presentation can be heard live and will be available for replay through December 2, 2005, by entering the M.D.C. Holdings, Inc. website, RichmondAmerican.com, clicking on "Investors" and selecting "UBS Building and Building Products CEO Investor Conference." Also, the Company's presentation materials for the conference will be available and can be viewed on the "Investors" page under the heading "UBS Building and Building Products CEO Investor Conference Financial Presentation." Participants are encouraged to log in at least five minutes prior to the start of the presentation. Minimum requirements to listen to the broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/mp10/default.aspx, and at least a 28.8Kbps connection to the Internet. If you experience problems while listening to the broadcast, send an email to sarah.spencer@mdch.com.

MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company is the largest homebuilder in Colorado; among the top five homebuilders in Northern Virginia, suburban Maryland, Jacksonville, Phoenix, Tucson, Las Vegas and Salt Lake City; and among the top ten homebuilders in Northern California and Southern California. MDC also has established operating divisions in Dallas/Fort Worth, Houston, West Florida, Philadelphia/Delaware Valley and Chicago. For more information about our Company, please visit RichmondAmerican.com.

SOURCE M.D.C. Holdings, Inc.
Paris G. Reece III,
Chief Financial Officer,
Investor Relations,
Robert N. Martin,
both of M.D.C. Holdings, Inc.;
Richard Matthews of Rubenstein Communications,
for M.D.C. Holdings, Inc.
Web site: http://www.richmondamerican.com

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