CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in this Registration 
Statement on Form S-8 of our report dated February 3, 1997 appearing on 
page F-2 of M.D.C. Holdings, Inc.'s Annual Report on Form 10-K for the year 
ended December 31, 1996.



PRICE WATERHOUSE LLP


Denver, Colorado
February 21, 1997