<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTEX DEVELOPMENT COMPANY, L.P.'S JUNE 30, 1998, 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-31-1999 <PERIOD-START> APR-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 878 <SECURITIES> 0 <RECEIVABLES> 2,793 <ALLOWANCES> 0 <INVENTORY> 68,205 <CURRENT-ASSETS> 0 <PP&E> 30 <DEPRECIATION> 5 <TOTAL-ASSETS> 78,514 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 500 <OTHER-SE> 53,830 <TOTAL-LIABILITY-AND-EQUITY> 78,514 <SALES> 6,076 <TOTAL-REVENUES> 6,076 <CGS> 6,269 <TOTAL-COSTS> 6,269 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (193) <INCOME-TAX> 0 <INCOME-CONTINUING> (193) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (193) <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.00