M.D.C. Holdings Announces Land Purchase In Lehi

               M.D.C. Holdings Announces Land Purchase In Lehi

PR Newswire

LEHI, Utah, June 23, 2014

LEHI, Utah, June 23, 2014 /PRNewswire/ --M.D.C. Holdings, Inc. (NYSE: MDC) is
pleased to announce that its Richmond American Homes of Utah subsidiary
recently closed on property at Colonial Park in Lehi.

Colonial Park will offer a distinctive collection of ranch and two-story floor
plans with three to seven bedrooms, ranging from approximately 1,650 to 2,800
finished square feet (2,950 to 4,500 total square feet), from the $300s. The
community is scheduled to open this summer, and the company has begun
pre-selling from neighboring communities in American Fork and Saratoga

The inspired floor plans at Colonial Park feature spacious homesites, open
layouts and well-appointed kitchens with beautiful birch cabinetry, granite
countertops and stainless-steel appliances. Exceptional features, such as
gourmet kitchens, deluxe master baths, sunrooms, finished basements and
extended garages, are also available.

Colonial Park is a quiet community, located within walking distance of popular
schools and parks. Residents will appreciate a neighborhood walking trail and
easy access to recreation, shopping and dining at Thanksgiving Point and The

For more information about this remarkable new community, or to join our
interest list, call 801-545-3429 or visit www.RichmondAmerican.com.

About MDC

Since 1972, MDC's subsidiary companies have built and financed the American
dream for more than 175,000 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 Diego, Orange
County, San Francisco Bay Area, Sacramento, 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

SOURCE M.D.C. Holdings, Inc.

Website: http://www.richmondamerican.com
Contact: Robert N. Martin, Vice President of Finance & Corporate Controller,
1-866-424-3395 / 720-977-3395, IR@mdch.com
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