M.D.C. Holdings Reports November Home Orders

M.D.C. Holdings, Inc. (, which builds homes under the name "Richmond American Homes," today announced home orders for November 2000.

                                             November              Percent
                                               2000      1999       Change

  Orders for Homes, net
    Colorado                                    145       166        (13%)
    California                                  110        63         75%
    Arizona                                     132        98         35%
    Nevada                                       31        37        (16%)
    Northern Virginia/Suburban Maryland          48        42         14%

      Total                                     466       406         15%

  Active Subdivisions - Beginning of Month      123       133         (8%)

The Company has received orders for 7,400 homes for the eleven months ended November 30, 2000, an increase of 8% over the 6,866 home orders received for the same period in 1999.

MDC is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's home buyers, 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 metropolitan Denver; among the top five homebuilders in Northern Virginia, suburban Maryland, Tucson and Colorado Springs; and among the top ten homebuilders in Phoenix, Las Vegas, Southern California and Northern California.

SOURCE: M.D.C. Holdings, Inc.

Contact: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., 303-804-7706