M.D.C. Holdings Announces Land Purchases In Riverton City, Utah

       M.D.C. Holdings Announces Land Purchases In Riverton City, Utah

PR Newswire

RIVERTON CITY, Utah, June 25, 2013

RIVERTON CITY, Utah, June 25, 2013 /PRNewswire/ --M.D.C. Holdings, Inc.
(NYSE: MDC) is proud to announce that its Richmond American Homes of Utah
subsidiary has closed on a land purchase in Riverton City, Utah. The brand new
community of Royal Farms is scheduled to open during the fourth quarter of
2013 and is scheduled offer a variety of new single- and two-story homes
ranging from approximately 2,800 to 4,100 finished square feet. Available home
features are planned to showcase beautifully appointed exteriors, open,
spacious living spaces with gourmet kitchens, deluxe master baths, plenty of
closet space and attention to detail.

Located in the heart of the much sought-after city of Riverton City, Royal
Farms is scheduled to feature a combined total of 78 (1/4- to 1/3-acre)
homesites. The location sits in convenient proximity to The District, Riverton
Market Center, I-15, Bangerter Highway, parks, recreation, concert venues,
numerous local attractions and restaurants. The highly acclaimed Riverton High
School is also just minutes away.

Homebuyers looking to purchase at Royal Farms will want to join the
community's interest list at RichmondAmerican.com to stay updated on grand
openings, model home openings and more.

About MDC

Since 1972, MDC's subsidiary companies have built and financed the American
dream for more than 170,000 homebuyers. 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, Orlando, 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.richmondamerican.com
Contact: Robert N. Martin, Vice President of Finance, +1-720-977-3431,
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