<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MDC
Holdings, Inc. condensed consolidated financial statements included in its
form 10-Q for the quarterly period ended June 30, 1995 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          17,209
<SECURITIES>                                     6,300
<RECEIVABLES>                                   13,290
<ALLOWANCES>                                         0
<INVENTORY>                                    464,445
<CURRENT-ASSETS>                                     0
<PP&E>                                           9,661
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 688,436
<CURRENT-LIABILITIES>                                0
<BONDS>                                        329,901
<COMMON>                                           224
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     196,598
<TOTAL-LIABILITY-AND-EQUITY>                   688,436
<SALES>                                        391,868
<TOTAL-REVENUES>                               407,803
<CGS>                                          375,794
<TOTAL-COSTS>                                  383,473
<OTHER-EXPENSES>                                 6,609
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,729
<INCOME-PRETAX>                                 12,992
<INCOME-TAX>                                     4,593
<INCOME-CONTINUING>                              8,399
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,399
<EPS-PRIMARY>                                      .41
<EPS-DILUTED>                                      .38