M.D.C. Holdings Reports Record 2001 First Quarter Home Orders, Home Closings And Quarter-End Backlog

- Home orders highest for any quarter in MDC's history

- Record first quarter home closings up 13%

- Highest backlog in Company's history with more than $1 billion sales

value



Apr 04, 2001, 01:00 ET from M.D.C. Holdings, Inc.

    DENVER, April 4 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE:   MDC; PCX)
 (www.RichmondAmerican.com) today announced the highest levels of quarterly
 home orders, first quarter home closings and quarter-end backlog in the
 Company's history.  The Company received orders for 2,727 homes during the
 first quarter of 2001, compared with 2,317 for the same period in 2000, an 18%
 increase.  Orders particularly were strong in Phoenix and Colorado, due to a
 higher number of active subdivisions, and in Las Vegas resulting from the
 continued strong demand for new homes in this market.  Also in the first
 quarter of 2001, the Company's home buyer traffic through its subdivisions was
 19% higher than in the first quarter of 2000.  March 2001 home buyer traffic
 was the highest for any month in the Company's history and 24% higher than in
 March 2000.
     MDC closed 1,759 homes in the first quarter of 2001, compared with
 closings of 1,551 homes for the same period in 2000.  The Company ended the
 first quarter of 2001 with a record backlog of 4,323 homes with an estimated
 sales value of $1.075 billion, 17% and 39% higher, respectively, than the
 backlog of 3,707 homes with an estimated sales value of $775 million at
 March 31, 2000.
     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, Tucson and
 Colorado Springs; and among the top ten homebuilders in suburban Maryland,
 Phoenix, Las Vegas, Southern California and Northern California.
 
 
                             M.D.C. HOLDINGS, INC.
                         Homebuilding Operational Data
 
                                            Three Months
                                          Ended March 31,
                                        2001            2000
     Orders For Homes, net (units)
       Colorado                          968             851
       California                        441             412
       Arizona                           732             457
       Nevada                            268             233
       Virginia                          220             278
       Maryland                           98              86
 
         Total                         2,727           2,317
 
     Homes Closed (units)
       Colorado                          629             652
       California                        240             219
       Arizona                           498             325
       Nevada                            159             122
       Virginia                          170             164
       Maryland                           63              69
 
         Total                         1,759           1,551
 
 
                                   March 31,      December 31,     March 31,
                                     2001             2000           2000
 
     Backlog (units)
       Colorado                        1,724           1,385         1,825
       California                        709             508           450
       Arizona                         1,044*            747           584
       Nevada                            307             198           248
       Virginia                          378             328           404
       Maryland                          161             126           196
 
         Total                         4,323           3,292         3,707
 
         Estimated Sales Value    $1,075,000        $775,000      $775,000
 
     Active Subdivisions -
      Beginning of Month                 141             130           121
 
     * In February 2001, MDC acquired certain assets of KE&G, LLC, a Tucson
       area homebuilder, including 63 homes in backlog, 17 of which have closed
       and 46 of which are in backlog at March 31, 2001.
 
 

SOURCE M.D.C. Holdings, Inc.
    DENVER, April 4 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE:   MDC; PCX)
 (www.RichmondAmerican.com) today announced the highest levels of quarterly
 home orders, first quarter home closings and quarter-end backlog in the
 Company's history.  The Company received orders for 2,727 homes during the
 first quarter of 2001, compared with 2,317 for the same period in 2000, an 18%
 increase.  Orders particularly were strong in Phoenix and Colorado, due to a
 higher number of active subdivisions, and in Las Vegas resulting from the
 continued strong demand for new homes in this market.  Also in the first
 quarter of 2001, the Company's home buyer traffic through its subdivisions was
 19% higher than in the first quarter of 2000.  March 2001 home buyer traffic
 was the highest for any month in the Company's history and 24% higher than in
 March 2000.
     MDC closed 1,759 homes in the first quarter of 2001, compared with
 closings of 1,551 homes for the same period in 2000.  The Company ended the
 first quarter of 2001 with a record backlog of 4,323 homes with an estimated
 sales value of $1.075 billion, 17% and 39% higher, respectively, than the
 backlog of 3,707 homes with an estimated sales value of $775 million at
 March 31, 2000.
     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, Tucson and
 Colorado Springs; and among the top ten homebuilders in suburban Maryland,
 Phoenix, Las Vegas, Southern California and Northern California.
 
 
                             M.D.C. HOLDINGS, INC.
                         Homebuilding Operational Data
 
                                            Three Months
                                          Ended March 31,
                                        2001            2000
     Orders For Homes, net (units)
       Colorado                          968             851
       California                        441             412
       Arizona                           732             457
       Nevada                            268             233
       Virginia                          220             278
       Maryland                           98              86
 
         Total                         2,727           2,317
 
     Homes Closed (units)
       Colorado                          629             652
       California                        240             219
       Arizona                           498             325
       Nevada                            159             122
       Virginia                          170             164
       Maryland                           63              69
 
         Total                         1,759           1,551
 
 
                                   March 31,      December 31,     March 31,
                                     2001             2000           2000
 
     Backlog (units)
       Colorado                        1,724           1,385         1,825
       California                        709             508           450
       Arizona                         1,044*            747           584
       Nevada                            307             198           248
       Virginia                          378             328           404
       Maryland                          161             126           196
 
         Total                         4,323           3,292         3,707
 
         Estimated Sales Value    $1,075,000        $775,000      $775,000
 
     Active Subdivisions -
      Beginning of Month                 141             130           121
 
     * In February 2001, MDC acquired certain assets of KE&G, LLC, a Tucson
       area homebuilder, including 63 homes in backlog, 17 of which have closed
       and 46 of which are in backlog at March 31, 2001.
 
 SOURCE  M.D.C. Holdings, Inc.