<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTEX
DEVELOPMENT COMPANY L.P.'S DECEMBER 31, 1995, 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-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                           1,206
<SECURITIES>                                         0
<RECEIVABLES>                                    7,346
<ALLOWANCES>                                         0
<INVENTORY>                                     38,155
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  46,858
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                           500
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      40,625
<TOTAL-LIABILITY-AND-EQUITY>                    46,858
<SALES>                                         13,610
<TOTAL-REVENUES>                                13,610
<CGS>                                           13,445
<TOTAL-COSTS>                                   13,445
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                    165
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                165
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       165
<EPS-PRIMARY>                                     0.00
<EPS-DILUTED>                                     0.00