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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities:      
Net income $ 63,143us-gaap_NetIncomeLoss $ 314,385us-gaap_NetIncomeLoss $ 62,699us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash used in operating activities:      
Losses from early extinguishments of debt 18,153us-gaap_GainsLossesOnExtinguishmentOfDebt    
Stock-based compensation expense 5,978us-gaap_ShareBasedCompensation 9,652us-gaap_ShareBasedCompensation 16,225us-gaap_ShareBasedCompensation
Depreciation and amortization 3,928us-gaap_DepreciationAndAmortization 3,864us-gaap_DepreciationAndAmortization 4,766us-gaap_DepreciationAndAmortization
Inventory impairments 1,760us-gaap_ImpairmentOfRealEstate 919us-gaap_ImpairmentOfRealEstate 1,105us-gaap_ImpairmentOfRealEstate
Other-than-temporary impairment of marketable securities 4,293us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet    
Net loss on sale of marketable securities (7,310)us-gaap_MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments    
Amortization of discount / premiums on marketable debt securities 566us-gaap_AmortizationOfDebtDiscountPremium 219us-gaap_AmortizationOfDebtDiscountPremium 596us-gaap_AmortizationOfDebtDiscountPremium
Deferred income tax expense (benefit) 34,226us-gaap_DeferredIncomeTaxExpenseBenefit (187,171)us-gaap_DeferredIncomeTaxExpenseBenefit  
Excess tax benefits from stock-based compensation (26)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (391)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities  
Net changes in assets and liabilities:      
Restricted cash (621)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (336)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities (1,192)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Trade and other receivables (6,638)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 4,186us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (6,223)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Mortgage loans held-for-sale 4,186us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale 27,375us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale (41,618)us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale
Prepaid expenses and other assets (11,873)us-gaap_IncreaseDecreaseInOtherOperatingAssets (13,562)us-gaap_IncreaseDecreaseInOtherOperatingAssets 4,388us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued liabilities (16,013)us-gaap_IncreaseDecreaseInAccruedLiabilities (19,408)us-gaap_IncreaseDecreaseInAccruedLiabilities 47,275us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash used in operating activities (163,647)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (269,549)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (108,819)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities:      
Purchases of marketable securities (428,709)us-gaap_PaymentsToAcquireMarketableSecurities (404,965)us-gaap_PaymentsToAcquireMarketableSecurities (478,701)us-gaap_PaymentsToAcquireMarketableSecurities
Maturities of marketable securities 167,339us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 159,592us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 108,250us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Sales of marketable securities 687,692us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 216,756us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 349,938us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchases of property and equipment (3,242)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (1,785)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment (1,268)us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment
Net cash provided by (used in) investing activities 423,080us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (30,402)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (21,781)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities:      
Advances (payments) on mortgage repurchase facility, net (2,252)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit (13,253)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 27,625us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Proceeds from issuance of senior notes 248,375us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 346,938us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt  
Repayment of senior notes (517,650)us-gaap_RepaymentsOfSeniorDebt    
Advances on revolving credit facility, net 15,000us-gaap_ProceedsFromLinesOfCredit    
Dividend payments (48,820)us-gaap_PaymentsOfDividends   (96,915)us-gaap_PaymentsOfDividends
Excess tax benefits from stock-based compensation 26us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 391us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities  
Proceeds from exercise of stock options 375us-gaap_ProceedsFromStockOptionsExercised 5,118us-gaap_ProceedsFromStockOptionsExercised 16,624us-gaap_ProceedsFromStockOptionsExercised
Net cash provided by (used in) financing activities (304,946)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 339,194us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (52,666)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (45,513)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 39,243us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (183,266)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents:      
Beginning of period 199,338us-gaap_CashAndCashEquivalentsAtCarryingValue 160,095us-gaap_CashAndCashEquivalentsAtCarryingValue 343,361us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 153,825us-gaap_CashAndCashEquivalentsAtCarryingValue 199,338us-gaap_CashAndCashEquivalentsAtCarryingValue 160,095us-gaap_CashAndCashEquivalentsAtCarryingValue
Housing Completed Or Under Construction [Member]      
Net changes in assets and liabilities:      
Land and Housing Inventories (96,936)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_HousingCompletedOrUnderConstructionMember
(124,211)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_HousingCompletedOrUnderConstructionMember
(212,154)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_HousingCompletedOrUnderConstructionMember
Land And Land Under Development [Member]      
Net changes in assets and liabilities:      
Land and Housing Inventories $ (160,463)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_LandAndLandUnderDevelopmentMember
$ (285,070)us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_LandAndLandUnderDevelopmentMember
$ 15,314us-gaap_IncreaseDecreaseInInventories
/ us-gaap_RealEstatePropertiesAxis
= mdc_LandAndLandUnderDevelopmentMember