<ARTICLE>                     5
<LEGEND>
                              THIS   SCHEDULE    CONTAINS   SUMMARY    FINANCIAL
                              INFORMATION   EXTRACTED   FROM  THE   CONSOLIDATED
                              BALANCE   SHEET  AS  OF  JUNE  30,  1997  AND  THE
                              CONSOLIDATED  STATEMENT OF OPERATIONS FOR THE YEAR
                              ENDED  JUNE  30,  1997  AND  IS  QUALIFIED  IN ITS
                              ENTIRETY   BY   REFERENCE   TO   SUCH    FINANCIAL
                              STATEMENTS.
</LEGEND>
<MULTIPLIER>                  1000
<CURRENCY>                    U.S. DOLLARS
       
                           
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                                JUN-30-1997
<PERIOD-START>                                   JUL-01-1996
<PERIOD-END>                                     JUN-30-1997
<EXCHANGE-RATE>                                            1
<CASH>                                                24,715
<SECURITIES>                                               0
<RECEIVABLES>                                         28,892
<ALLOWANCES>                                               0
<INVENTORY>                                          939,684
<CURRENT-ASSETS>                                           0
<PP&E>                                                47,043
<DEPRECIATION>                                        26,106
<TOTAL-ASSETS>                                     1,086,662
<CURRENT-LIABILITIES>                                      0
<BONDS>                                              563,068
<PREFERRED-MANDATORY>                                      0
<PREFERRED>                                                0
<COMMON>                                                  18
<OTHER-SE>                                           299,812
<TOTAL-LIABILITY-AND-EQUITY>                       1,086,662
<SALES>                                                    0
<TOTAL-REVENUES>                                   1,186,262
<CGS>                                                      0
<TOTAL-COSTS>                                        963,329
<OTHER-EXPENSES>                                     160,924
<LOSS-PROVISION>                                           0
<INTEREST-EXPENSE>                                         0
<INCOME-PRETAX>                                       62,009
<INCOME-TAX>                                          22,323
<INCOME-CONTINUING>                                   39,686
<DISCONTINUED>                                             0
<EXTRAORDINARY>                                       (1,285)
<CHANGES>                                                  0
<NET-INCOME>                                          38,401
<EPS-PRIMARY>                                           2.15
<EPS-DILUTED>                                              0