<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Centex
Development Company L.P.'s December 31, 1994, Form 10-Q and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000818764
<NAME> CENTEX DEVELOPMENT COMPANY, L.P.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1995
<PERIOD-START>                             APR-01-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                           1,288
<SECURITIES>                                         0
<RECEIVABLES>                                    4,711
<ALLOWANCES>                                         0
<INVENTORY>                                    116,728
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 122,667
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                           500
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      62,385
<TOTAL-LIABILITY-AND-EQUITY>                   122,667
<SALES>                                          8,499
<TOTAL-REVENUES>                                 8,499
<CGS>                                            9,197
<TOTAL-COSTS>                                    9,197
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (698)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (698)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (698)
<EPS-PRIMARY>                                     0.00
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