Richmond American Homes of Colorado Selected To Be Lead Builder At Sterling Ranch

 Richmond American Homes of Colorado Selected To Be Lead Builder At Sterling

PR Newswire

DENVER, July 31, 2013

DENVER, July 31, 2013 /PRNewswire/ --M.D.C. Holdings, Inc. (NYSE: MDC) today
announced that its Richmond American Homes of Colorado subsidiary ("Richmond
American") has been selected as the lead builder of single family homes at
Sterling Ranch, an innovative community located in the premier area of
Chatfield Valley, southwest of Denver.

Harold Smethills, Managing Director of Sterling Ranch, said, "We are excited
to have Richmond American as our lead builder. Our senior leaders, including
Diane Smethills, Jack Hoagland, Jim Yates and I, have known Richmond
American's management team for many years, and we look forward to a strong
relationship for years to come as they help us realize the vision we have for
Sterling Ranch. We believe that this project will have an immensely positive
impact on the Denver area, not only providing an incredible place for
thousands of Coloradans to live, but also generating a sizeable economic
impact for the area."

David Mandarich, Chief Operating Officer of M.D.C. Holdings, said, "Richmond
American has built more than 40,000 homes in Colorado over the past four
decades, which is more than any other builder, with many homes including our
environmentally-friendly EnergyWise and WaterSense features. We are honored to
have the opportunity to leverage our experience to help make Sterling Ranch a
leading master-planned community in the Denver metropolitan area for years to
come. Furthermore, we are grateful to work with Mr. Smethills and his talented
team, who have already accomplished so much in making Sterling Ranch a

About Sterling Ranch, LLC

Sterling Ranch distills Colorado's best in the beautiful Chatfield Valley. The
development in northwest Douglas County blends Old West heritage with New West
ideas to deliver a community that is a touchstone of 21st Century living,
including the most innovative water conservation plan in the state. Residents
will enjoy a healthy, active lifestyle at Sterling Ranch, which includes 30
miles of trails, parks, a sports village, schools, healthcare and other unique

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, Jacksonville, Orlando, South
Floridaand 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

SOURCE M.D.C. Holdings, Inc.

Contact: M.D.C Holdings, Inc., Robert N. Martin, Vice President of Finance and
Corporate Controller, +1-720-977-3431,; Sterling Ranch,
LLC, Jim Yates, Chief Financial Officer, +1-303-736-6711,
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