M.D.C. Holdings Conference Call and Webcast of Second Quarter 2001 Results Scheduled for July 17, 2001

M.D.C. Holdings, Inc. ( today announced that it will be broadcasting a synchronized slide show and audio presentation over the internet on Tuesday, July 17, 2001, at 10:00 a.m. Eastern Daylight Time in conjunction with its conference call on its operating results for the second quarter ended June 30, 2001. The presentation can be accessed by entering the M.D.C. Holdings, Inc. website,, clicking on "Investor Relations" and selecting "M.D.C. Holdings Second Quarter Conference Call."

MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company's wholly owned subsidiary HomeAmerican Mortgage Corporation provides mortgage financing primarily for MDC's home buyers. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. Richmond American Homes is the largest homebuilder in metropolitan Denver; among the top five homebuilders in northern Virginia, Phoenix, Tucson and Colorado Springs; and among the top ten homebuilders in suburban Maryland, 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,; or Rick Matthews of Rubenstein
Associates, Inc., 212-843-8007,, for M.D.C. Holdings,