Business description of MDC-HOLDINGS-INC from last 10-k form

(i)

M.D.C. HOLDINGS, INC.
(registrant)
By:  

/s/ Larry A. Mizel

  Larry A. Mizel
  Chief Executive Officer
  (principal executive officer)
By:  

/s/ Vilia Valentine

  Vilia Valentine
  Vice President, Controller and Chief Accounting Officer
  (principal financial officer and principal accounting officer)