<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTEX
DEVELOPMENT COMPANY L.P.'S JUNE 30, 1997, 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>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                           1,277
<SECURITIES>                                         0
<RECEIVABLES>                                    2,240
<ALLOWANCES>                                         0
<INVENTORY>                                     36,723
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<TOTAL-ASSETS>                                  40,533
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<COMMON>                                           500
<OTHER-SE>                                      30,702
<TOTAL-LIABILITY-AND-EQUITY>                    40,533
<SALES>                                          3,623
<TOTAL-REVENUES>                                 3,623
<CGS>                                            2,924
<TOTAL-COSTS>                                    2,924
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                    699
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