<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 1998 AND FOR THE YEAR THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 125,198 <SECURITIES> 0 <RECEIVABLES> 49,140 <ALLOWANCES> 0 <INVENTORY> 1,455,208 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,349,839 <CURRENT-LIABILITIES> 0 <BONDS> 542,039<F1> <COMMON> 432 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 921,010 <TOTAL-LIABILITY-AND-EQUITY> 2,349,839 <SALES> 2,810,151<F2> <TOTAL-REVENUES> 2,866,521 <CGS> 2,359,253<F2> <TOTAL-COSTS> 2,700,555 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 51,117 <INCOME-PRETAX> 165,814 <INCOME-TAX> 64,666 <INCOME-CONTINUING> 101,148 <DISCONTINUED> 1,035 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 102,183 <EPS-PRIMARY> 2.38 <EPS-DILUTED> 2.33 <FN> <F1> Bonds are comprised of subordinated debentures and senior notes. <F2> Relates to homebuilding operations. 88