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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000773141-99-000006.txt : 19990705
<SEC-HEADER>0000773141-99-000006.hdr.sgml : 19990705
ACCESSION NUMBER:		0000773141-99-000006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19990702
ITEM INFORMATION:		
FILED AS OF DATE:		19990702

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MDC HOLDINGS INC
		CENTRAL INDEX KEY:			0000773141
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				840622967
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-08951
		FILM NUMBER:		99658911

	BUSINESS ADDRESS:	
		STREET 1:		3600 S YOSEMITE ST STE 900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
		BUSINESS PHONE:		3037731100

	MAIL ADDRESS:	
		STREET 1:		3600 S YOSEMITE ST
		STREET 2:		SUITE 900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
                       -----------------------------------

                                    FORM 8-K

                                 CURRENT REPORT


                         PURSUANT TO SECTION 13 OR 15(d)
                          OF THE SECURITIES ACT OF 1934


        Date of Report (Date of earliest event reported): June 29, 1999


                                M.D.C. Holdings, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


     Delaware                        1-8951                      84-0622967
- -----------------             --------------------         -------------------
 (State or other           (Commission file number)         (I.R.S. employer
 jurisdiction of                                            identification no.)
  incorporation)

 3600 South Yosemite Street, Suite 900, Denver, Colorado            80237
- --------------------------------------------------------          ---------
      (Address of principal executive offices)                   (Zip code)


     Registrant's telephone number, including area code: (303) 773-1100
     ------------------------------------------------------------------


                                 Not Applicable
     -----------------------------------------------------------------
     (Former name or former address,  if changed since last report.)


<PAGE>

ITEM 5.  OTHER EVENTS

         On July 2, 1999 the  Registrant  issued the press  release  attached as
Exhibit 99.1 to this Current Report on Form 8-K.


<PAGE>
                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              -------------------


                                          M.D.C. HOLDINGS, INC.


                                          By:    /s/ Paris G. Reece III
                                                 -----------------------------
                                                 Paris G. Reece III
                                                 Executive Vice President and
Dated: July 2, 1999                              Chief Financial Officer


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<TEXT>

EXH. 99.1


                       MDC HOLDINGS ANNOUNCES CHANGES TO
                            SENIOR MANAGEMENT TEAM

         DENVER,  Friday,  July 2, 1999 - Larry A. Mizel,  Chairman of the Board
and Chief Executive  Officer of M.D.C.  Holdings,  Inc.  (NYSE/PCX:  MDC), today
announced  that  MDC's  Board of  Directors  promoted  members  of MDC's  senior
management  team. David D. Mandarich,  formerly  Executive Vice President - Real
Estate and Chief  Operating  Officer,  was named  President and Chief  Operating
Officer.  Paris G. Reece III was promoted to Executive  Vice President and Chief
Financial  Officer from Senior Vice President and Chief Financial  Officer,  and
Michael  Touff,  formerly Vice President and General  Counsel,  was named Senior
Vice President and General Counsel.

         MDC is one of the largest  homebuilders in the United States,  building
homes under the name Richmond American Homes. The Company also provides mortgage
financing, primarily for MDC's home buyers, through its wholly owned subsidiary,
HomeAmerican  Mortgage  Corporation.  MDC is a major regional homebuilder with a
significant  presence in some of the country's best housing markets. The Company
is  the  largest  homebuilder  in  metropolitan   Denver;  among  the  top  five
homebuilders in Northern  Virginia,  Tucson and Colorado Springs;  among the top
ten  homebuilders in Southern  California,  Phoenix,  suburban  Maryland and Las
Vegas; and has a growing presence in the San Francisco Bay area.


                                      -### -


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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