News

/C O R R E C T I O N - M.D.C. Holdings, Inc./
PRNewswire

In the news release, M.D.C. Holdings Announces Third Quarter Earnings; Reports Quarterly Home Orders and Quarter-end Backlog, issued earlier today by M.D.C. Holdings, Inc. over PR Newswire, in the table titled, "Information on Segments," the figure in the first column, second line should read "$168,193" rather than "168,19" as incorrectly transmitted by PR Newswire. Complete, corrected table follows:

                          M.D.C. HOLDINGS, INC.
                         Information on Segments
                          (Dollars in thousands)
                               (Unaudited)

                                Three Months               Nine Months
                             Ended September 30,       Ended September 30,
                              2006         2005         2006         2005
  REVENUE
    West                    $653,932     $631,171   $2,061,708   $1,734,412
    Mountain                 168,193      228,024      519,107      603,756
    East                     137,050      185,504      444,765      470,220
    Other Homebuilding       105,553      105,558      374,299      293,266

          Total
            Homebuilding   1,064,728    1,150,257    3,399,879    3,101,654

    Financial Services
     and Other                18,105       17,318       57,969       44,955
    Corporate                     60          237          675        1,459

    Consolidated          $1,082,893   $1,167,812   $3,458,523   $3,148,068

  INCOME BEFORE TAXES
    West                     $53,762     $135,954     $274,642     $385,522
    Mountain                   9,320       19,161       25,183       49,496
    East                      23,911       54,467       85,691      123,009
    Other Homebuilding        (4,660)       1,732          237        1,099

         Total
          Homebuilding        82,333      211,314      385,753      559,126

  Financial Services
   and Other                  12,989        9,600       35,161       18,897
  Corporate                  (18,901)     (27,588)     (69,778)     (84,791)

  Consolidated               $76,421     $193,326     $351,136     $493,232


                        September 30,  December 31,
                             2006          2005
  TOTAL ASSETS
    West                  $2,185,038   $2,113,384
    Mountain                 552,551      466,362
    East                     395,879      368,848
    Other Homebuilding       323,079      359,151

          Total
           Homebuilding    3,456,547    3,307,745

    Financial Services
     and Other               261,610      253,365
    Corporate                237,886      298,740

    Consolidated          $3,956,043   $3,859,850

PRNewswire-FirstCall -- Oct. 24

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