<ARTICLE> 5
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<CASH>                                       7,381,677
<SECURITIES>                                         0
<RECEIVABLES>                                2,255,924
<ALLOWANCES>                                         0
<INVENTORY>                                128,443,722
<CURRENT-ASSETS>                           148,541,063
<PP&E>                                       5,509,839
<DEPRECIATION>                               2,386,018
<TOTAL-ASSETS>                             176,801,843
<CURRENT-LIABILITIES>                       37,950,139
<BONDS>                                     63,943,196
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        54,258
<OTHER-SE>                                  74,709,483
<TOTAL-LIABILITY-AND-EQUITY>               176,801,843
<SALES>                                     51,306,197
<TOTAL-REVENUES>                            51,306,197
<CGS>                                       41,322,288
<TOTAL-COSTS>                                3,415,817
<OTHER-EXPENSES>                             2,782,215
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 835
<INCOME-PRETAX>                              3,785,042
<INCOME-TAX>                                 1,460,000
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<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,325,042
<EPS-PRIMARY>                                      .43
<EPS-DILUTED>                                      .38