EXHIBIT 23

                     CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in each Prospectus
constituting part of the Registration Statements on Form S-8 (no. 2-96464),
Form S-8 (no. 33-54429), Form S-3 (no. 33-52241), Form S-3 (no. 33-54007) and
Form S-4 (no. 33-52245) of M.D.C. Holdings, Inc. of our report dated
February 15, 1995 appearing on page F-2 of this Form 10-K.



/s/ Price Waterhouse LLP
PRICE WATERHOUSE LLP


Los Angeles, California
March 23, 1995