M.D.C. Holdings to Webcast Live Its Presentation For The Second Annual JMP Securities Research Conference

M.D.C. Holdings, Inc. announced that it will be making a presentation at The Second Annual JMP Securities Research Conference on Thursday, June 5, 2003, at 3:30 p.m. PDT. The presentation can be heard live, and will be available for replay for 30 days, by entering the M.D.C. Holdings, Inc. website, , clicking on "Investor Relations" and selecting "The Second Annual JMP Securities Research Conference." The presentation also will be broadcast live over the internet through the website d=2214&sessionid=73&key=CF1B6C29CBD2423F17AD1E156A9093C6. Participants are encouraged to log in at least five minutes prior to the start of the presentation for registration.

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, Phoenix, Tucson and Las Vegas; and among the top ten homebuilders in suburban Maryland, Northern California, Southern California and Salt Lake City. MDC also has a growing presence in Dallas/Fort Worth and has recently entered the Houston and Philadelphia/Delaware Valley markets.

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

CONTACT: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., +1-303-804-7706,; or Robert Solomon of Rubenstein
Associates, Inc., +1-212-843-8050,, for M.D.C.
Holdings, Inc.