<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from MDC Holdings, Inc. consolidated financial statements included in its Form 10-K for the year ended December 31, 1994 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 43,564 <SECURITIES> 6,089 <RECEIVABLES> 12,508 <ALLOWANCES> 0 <INVENTORY> 464,157 <CURRENT-ASSETS> 0 <PP&E> 9,962 <DEPRECIATION> 0 <TOTAL-ASSETS> 725,445 <CURRENT-LIABILITIES> 0 <BONDS> 348,280 <COMMON> 212 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 192,083 <TOTAL-LIABILITY-AND-EQUITY> 725,445 <SALES> 793,793 <TOTAL-REVENUES> 824,869 <CGS> 749,329 <TOTAL-COSTS> 769,301 <OTHER-EXPENSES> 15,132 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,454 <INCOME-PRETAX> 30,982 <INCOME-TAX> 11,727 <INCOME-CONTINUING> 19,255 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 19,255 <EPS-PRIMARY> .94 <EPS-DILUTED> .87