CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-4 of M.D.C. Holdings,
Inc. of our report dated February 10, 1994 appearing on page F-2 of M.D.C.
Holdings, Inc.'s Annual Report on Form 10-K for the year ended December 31,
1993.  We also consent to the reference to us under the heading "Experts" in
such Prospectus.



PRICE WATERHOUSE

Los Angeles, California
February 10, 1994