M.D.C. Holdings Announces Offering Of $250 Million 6.000% Senior Notes Due 2043

  M.D.C. Holdings Announces Offering Of $250 Million 6.000% Senior Notes Due
                                     2043

PR Newswire

DENVER, Jan. 7, 2013

DENVER, Jan. 7, 2013 /PRNewswire/ --M.D.C. Holdings, Inc. (NYSE: MDC) today
announced the pricing of a public offering of $250 million principal amount of
6.000% senior notes at par due January 2043 (the "Notes"). The Notes will be
general unsecured obligations of MDC and will rank equally and ratably with
its other general unsecured and unsubordinated indebtedness. In addition, the
Notes will be fully guaranteed on an unsecured basis, jointly and severally,
by most of the Company's homebuilding subsidiaries. MDC will use the proceeds
of the offering for general corporate purposes. The offering is expected to
close on January 10th, 2013, subject to customary closing conditions.

The Notes will be issued pursuant to an effective shelf registration statement
and are being offered by means of the Prospectus included in the registration
statement and the related Prospectus Supplement. The offering is being
underwritten by Citigroup Global Markets Inc. Copies of the Prospectus and
the Prospectus Supplement relating to the offering may be obtained at no
charge by visiting the SEC website at www.sec.gov or by contacting Citigroup
Global Markets Inc. at the following address: Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717; telephone: (800) 831-9146.

This press release shall not constitute an offer to sell the Notes, nor shall
there be any sale of these notes in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful.

About M.D.C. Holdings, Inc.

Since 1972, MDC's subsidiary companies have built and financed the American
dream for more than 170,000 families. MDC's commitment to customer
satisfaction, quality and value is reflected in each home its subsidiaries
build. MDC is one of the largest homebuilders in the United States. Its
subsidiaries have homebuilding operations across the country, including the
metropolitan areas of Denver, Colorado Springs, Salt Lake City, Las Vegas,
Phoenix, Tucson, Riverside-San Bernardino, Los Angeles, San Francisco Bay
Area, Washington D.C., Baltimore, Philadelphia, Jacksonville and Seattle. The
Company's subsidiaries also provide mortgage financing, insurance and title
services, primarily for Richmond American homebuyers, through HomeAmerican
Mortgage Corporation, American Home Insurance Agency, Inc. and American Home
Title and Escrow Company, respectively. M.D.C. Holdings, Inc. is traded on the
New York Stock Exchange under the symbol "MDC." For more information, visit
www.mdcholdings.com.

SOURCE M.D.C. Holdings, Inc.

Website: http://www.mdcholdings.com
Contact: Robert N. Martin, Vice President of Finance, +1-720-977-3431,
bob.martin@mdch.com
 
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