M.D.C. Holdings Announces Appointment of David Blackford As Director and 17% Increase in First Quarter Dividend

Apr 23, 2001, 01:00 ET from M.D.C. Holdings, Inc.

    DENVER, April 23 /PRNewswire Interactive News Release/ -- M.D.C. Holdings,
 Inc. (NYSE:   MDC; PCX) (www.RichmondAmerican.com) today announced that its
 Board of Directors appointed David Blackford to the Company's Board of
 Directors.  Mr. Blackford is the Managing Director and a member of the Board
 of Directors and Senior Loan Committee for Real Estate Finance of California
 Bank & Trust Company, a subsidiary of Zions Bancorporation.
     Larry Mizel, MDC's Chairman of the Board and Chief Executive Officer,
 stated, "Mr. Blackford is a welcome addition to our Board of Directors.  His
 in-depth knowledge of real estate finance and real estate lending markets will
 be a very valuable addition to the guidance and support provided by MDC's
 Board of Directors.  We are very pleased Mr. Blackford is joining the
 Company's Board."
     MDC also announced today that its Board of Directors declared a dividend
 of seven cents per share for the quarter ended March 31, 2001, an increase of
 17% over the six cents per share quarterly dividend previously paid by the
 Company.  The dividend is payable on May 22, 2001 to shareowners of record on
 May 8, 2001.
     MDC, whose subsidiaries build homes under the name "Richmond American
 Homes," is one of the largest homebuilders in the United States.  The
 Company's wholly owned subsidiary HomeAmerican Mortgage Corporation provides
 mortgage financing primarily for MDC's home buyers.  MDC is a major regional
 homebuilder with a significant presence in some of the country's best housing
 markets.  Richmond American Homes is the largest homebuilder in metropolitan
 Denver; among the top five homebuilders in northern Virginia, suburban
 Maryland, Phoenix, Tucson and Colorado Springs; and among the top ten
 homebuilders in Las Vegas, Southern California and Northern California.
 
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SOURCE M.D.C. Holdings, Inc.
    DENVER, April 23 /PRNewswire Interactive News Release/ -- M.D.C. Holdings,
 Inc. (NYSE:   MDC; PCX) (www.RichmondAmerican.com) today announced that its
 Board of Directors appointed David Blackford to the Company's Board of
 Directors.  Mr. Blackford is the Managing Director and a member of the Board
 of Directors and Senior Loan Committee for Real Estate Finance of California
 Bank & Trust Company, a subsidiary of Zions Bancorporation.
     Larry Mizel, MDC's Chairman of the Board and Chief Executive Officer,
 stated, "Mr. Blackford is a welcome addition to our Board of Directors.  His
 in-depth knowledge of real estate finance and real estate lending markets will
 be a very valuable addition to the guidance and support provided by MDC's
 Board of Directors.  We are very pleased Mr. Blackford is joining the
 Company's Board."
     MDC also announced today that its Board of Directors declared a dividend
 of seven cents per share for the quarter ended March 31, 2001, an increase of
 17% over the six cents per share quarterly dividend previously paid by the
 Company.  The dividend is payable on May 22, 2001 to shareowners of record on
 May 8, 2001.
     MDC, whose subsidiaries build homes under the name "Richmond American
 Homes," is one of the largest homebuilders in the United States.  The
 Company's wholly owned subsidiary HomeAmerican Mortgage Corporation provides
 mortgage financing primarily for MDC's home buyers.  MDC is a major regional
 homebuilder with a significant presence in some of the country's best housing
 markets.  Richmond American Homes is the largest homebuilder in metropolitan
 Denver; among the top five homebuilders in northern Virginia, suburban
 Maryland, Phoenix, Tucson and Colorado Springs; and among the top ten
 homebuilders in Las Vegas, Southern California and Northern California.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X38163285
 
 SOURCE  M.D.C. Holdings, Inc.