<ARTICLE>                     5
<LEGEND>
                              THIS   SCHEDULE    CONTAINS   SUMMARY    FINANCIAL
                              INFORMATION   EXTRACTED   FROM  THE   CONSOLIDATED
                              BALANCE  SHEET  AS OF  DECEMBER  31,  1997 AND THE
                              CONSOLIDATED  STATEMENT  OF  EARNINGS  FOR THE SIX
                              MONTHS ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN
                              ITS  ENTIRETY  BY  REFERENCE  TO  SUCH   FINANCIAL
                              STATEMENTS.
</LEGEND>
<MULTIPLIER>                  1000
<CURRENCY>                    U.S. DOLLARS
       
                           
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                           JUN-30-1998
<PERIOD-START>                              JUL-01-1997
<PERIOD-END>                                DEC-31-1997
<EXCHANGE-RATE>                                       1
<CASH>                                            1,222
<SECURITIES>                                          0
<RECEIVABLES>                                    26,897
<ALLOWANCES>                                          0
<INVENTORY>                                   1,018,692
<CURRENT-ASSETS>                                      0
<PP&E>                                           18,415
<DEPRECIATION>                                        0
<TOTAL-ASSETS>                                1,158,448
<CURRENT-LIABILITIES>                                 0
<BONDS>                                         621,519
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                             18
<OTHER-SE>                                      317,831
<TOTAL-LIABILITY-AND-EQUITY>                  1,158,448
<SALES>                                               0
<TOTAL-REVENUES>                                526,978
<CGS>                                                 0
<TOTAL-COSTS>                                   423,980
<OTHER-EXPENSES>                                 75,825
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                                    0
<INCOME-PRETAX>                                  27,173
<INCOME-TAX>                                      9,782
<INCOME-CONTINUING>                              17,391
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                     17,391
<EPS-PRIMARY>                                      0.98
<EPS-DILUTED>                                      0.96