<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CENTEX
DEVELOPMENT COMPANY, L.P.'S DECEMBER 31, 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>                   9-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                             884
<SECURITIES>                                         0
<RECEIVABLES>                                    1,128
<ALLOWANCES>                                         0
<INVENTORY>                                     90,413
<CURRENT-ASSETS>                                     0
<PP&E>                                             119
<DEPRECIATION>                                      23
<TOTAL-ASSETS>                                  99,778
<CURRENT-LIABILITIES>                                0
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<PREFERRED-MANDATORY>                                0
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<COMMON>                                           500
<OTHER-SE>                                      61,165
<TOTAL-LIABILITY-AND-EQUITY>                    99,778
<SALES>                                         19,385
<TOTAL-REVENUES>                                19,385
<CGS>                                           18,559
<TOTAL-COSTS>                                   18,559
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                    826
<INCOME-TAX>                                         0
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