M.D.C. Holdings Announces New Community In Saratoga Springs, Utah

      M.D.C. Holdings Announces New Community In Saratoga Springs, Utah

PR Newswire

SARATOGA SPRINGS, Utah, Aug. 5, 2013

SARATOGA SPRINGS, Utah, Aug. 5, 2013 /PRNewswire/ -- M.D.C. Holdings, Inc.
(NYSE: MDC) has just announced that its Richmond American Homes of Utah
subsidiary has opened a new community in the thriving city of Saratoga
Springs, Utah. Fox Hollow is now selling in its pre-grand opening phase. An
official grand opening is slated for the fall of 2013 when two model homes are
scheduled for completion. Fox Hollow offers both single- and two-story floor
plans ranging from approximately 1,900 to 4,500 finished square feet,
currently priced from the mid $200,000s.

With sales and construction off to a good start, the builder is encouraging
homebuyers to act quickly if they are interested in purchasing a home at this
location. Each floor plan is designed to include open living spaces,
stainless-steel appliances, maple cabinetry and granite countertops. Available
features include deluxe master baths, gourmet kitchens, 2- and 3-car garages
and finished basements.

The community itself boasts many amenities as well. Set in the unique backdrop
of beautiful Utah Lake, Mt. Timpanogos and the Wasatch Front, Fox Hollow
offers plenty of green space, walking trails and a playground. Schools and
places of worship are within walking distance. Shopping, Utah Valley
University, entertainment and recreational facilities are also minutes away.

Homebuyers looking to purchase at Fox Hollow will want to join the community's
interest list at RichmondAmerican.com to stay updated on special events, 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 and Corporate Controller,
(720) 977-3431, bob.martin@mdch.com
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