<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTEX
DEVELOPMENT COMPANY L.P.'S SEPTEMBER 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>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                             473
<SECURITIES>                                         0
<RECEIVABLES>                                    5,109
<ALLOWANCES>                                         0
<INVENTORY>                                     36,902
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<SALES>                                          6,625
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<CGS>                                            5,566
<TOTAL-COSTS>                                    5,566
<OTHER-EXPENSES>                                     0
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<INCOME-PRETAX>                                  1,059
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