POWER OF ATTORNEY

      Regarding M.D.C. Holdings, Inc. (Company), the undersigned
hereby constitutes and appoints each of Michael l. Kaplan and
Joseph H. Fretz, signing singly, and with full power of
substitution, the undersigned?s true and lawful attorney-in-fact
to:

1.	execute for and on behalf of the undersigned any and all
reports (including amendments) under Section 16 of the
Securities Exchange Act of 1934, including Forms 3, 4 and
5, as such law (and related rules) and forms, may be
amended from time to time;

2.	do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
the execution of any such reports (including Form 3, 4 and
5 and any amendments thereto), and the timely filing of
such reports and forms with the United States Securities
and Exchange Commission, the New York Stock Exchange, and
any other authority where such reports and forms are
required to be filed; and

3.	take any other action of any type whatsoever in connection
with the foregoing which, in the judgment of such attorney-
in-fact, may be of benefit to, in the best interest of, or
legally required by the undersigned, it being understood
that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in such
attorney-in-fact?s discretion.

      The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform all and every act and
thing whatsoever requisite, necessary and proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as such attorney-in-fact might
or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all
that such attorney-in-fact, or his/her substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers herein granted.

      The undersigned acknowledges that the foregoing attorneys-
in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's
responsibilities to comply with or liabilities under Section 16
of the Securities Exchange Act of 1934.  This Power of Attorney
does not relieve the undersigned from responsibility for
compliance with the undersigned's obligations, including
reporting requirements, under Section 16 of the Exchange Act.

      This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file
reports under Section 16 (including Forms 3, 4 and 5) with
respect to the undersigned?s holdings of and transactions in
securities issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.  This Power of Attorney revokes all previous
powers of attorney with respect to the subject matter of this
Power of Attorney.

      Accordingly, the undersigned has executed this Power of
Attorney, effective as of October 26, 2022.


/s/ Robert N. Martin
Signature

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