M.D.C. Holdings Announces Four Land Purchases In The Tucson Area

       M.D.C. Holdings Announces Four Land Purchases In The Tucson Area

PR Newswire

TUCSON, Ariz., Sept. 4, 2013

TUCSON, Ariz., Sept. 4, 2013 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC)
is proud to announce that its Richmond American Homes of Arizona subsidiary
has closed on four land purchases in the Tucson area.

The first land purchase, in Marana, is a 36-homesite extension of Richmond
American's current property in the master-planned community of Gladden Farms.
The new development, Flor de Algodon at the Arbors, is scheduled to offer many
of the same floor plans available at the Gladden Farms location, which
includes both single- and two-story homes with approximately 1,645 to 2,720
finished square feet. Planned features include beautifully appointed exteriors
and open, spacious living spaces with plenty of closet space. Residents will
enjoy Gladden Farms' many amenities, such as miles of walking trails, parks
and twelve playgrounds. The location is also near Marana's recreational
facilities, including a sparkling pool and dog park.

The second land purchase, also in Marana, is The Village at Twin Peaks, with
an opening date scheduled for the first quarter 2014. The community will
offer40 homesites with an assortment of new single- and two-story homes
ranging from approximately 1,720 to 2,701 finished square feet. Attention to
detail and storage space are top priorities for these floor plans. The
location is conveniently located with easy access to the Marana School
District, shopping, dining, and I-10.

The third land purchase is in the popular city of Vail, Arizona. The community
of Mountain Vail Ranch is scheduled to open the first quarter of 2014 with a
total of 87 homesites and a sophisticated collection of new single- and
two-story homes with up to approximately 2,900 finished square feet, priced
from the low $200s. The homes will feature spacious interiors and Richmond
American's signature attention to detail. The neighborhood will be within the
popular Vail School District and close to national parks, with easy access to
I-10.

The final land purchase announcement is located in the city of Tucson. With a
total of 86 homesites, Sycamore Point is scheduled to open during the fourth
quarter of 2013. The builder plans to offer two-story floor plans with up to
2,150 finished square feet. Like Mountain Vail Ranch, the location of Sycamore
Point will sit within the Vail School District in convenient proximity to I-10
with easy access to Davis Monthan Air Force Base and the airport. Homes will
start in the upper $100s.

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, South
Florida 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 and Corporate Controller,
(720) 977-3431, bob.martin@mdch.com
 
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