POWER OF ATTORNEY

The undersigned hereby appoints each of Joseph H. Fretz, Michael
L. Kaplan and Robert N. Martin of M.D.C. Holdings, Inc. (the
?Company?), and Garth B. Jensen, Alexander Thomas and Taylor
Hill-John of Sherman & Howard L.L.C., signing singly, as the
undersigned?s true and lawful attorney-in-fact to:

1.	Prepare, execute in the undersigned?s name and on the
undersigned?s behalf, and submit to the U.S. Securities and
Exchange Commission (the ?SEC?) a Form ID, including
amendments thereto, and any other documents necessary or
appropriate to obtain codes and passwords enabling the
undersigned to make electronic filings with the SEC of
reports required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC;

2.	Execute for and on behalf of the undersigned, in the
undersigned?s capacity as a director of the Company, Forms
3, 4 and 5 in accordance with Section 16(a) of the
Securities Exchange Act of 1934 and the rules thereunder,
and any other forms or reports the undersigned may be
required to file in connection with the undersigned?s
ownership, acquisition or disposition of securities of the
Company;

3.	Do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4 or 5, or other form or
report, and timely file such form or report with the SEC
and any stock exchange or similar authority; and

4.	Take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such attorney-
in-fact, may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being understood
that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain such terms
and conditions as such attorney-in-fact may approve in such
attorney-in-fact?s discretion.

The undersigned hereby grants to each such attorney-in-fact full
power and authority to do and perform any and every act and
thing whatsoever requisite, necessary or proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact?s substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any
of the undersigned?s responsibilities to comply with Section 16
of the Securities Exchange Act of 1934.  This Power of Attorney
does not relieve the undersigned from responsibility for
compliance with the undersigned's obligations, including
reporting requirements, under Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4
and 5 with respect to the undersigned?s holdings of and
transactions in securities issued by the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 12th day of December 2022.

/s/ Rafay Farooqui
Signature