<ARTICLE> 5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
CONSOLIDATED  BALANCE  SHEET  AS OF  SEPTEMBER  30,  1999  AND THE  CONSOLIDATED
STATEMENT  OF EARNINGS  FOR THE THREE  MONTHS  ENDED  SEPTEMBER  30, 1999 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             JUL-01-1999
<PERIOD-END>                               SEP-30-1999
<EXCHANGE-RATE>                                      1
<CASH>                                          14,613
<SECURITIES>                                         0
<RECEIVABLES>                                   43,002
<ALLOWANCES>                                         0
<INVENTORY>                                  1,728,900
<CURRENT-ASSETS>                                     0
<PP&E>                                          74,157
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,982,035
<CURRENT-LIABILITIES>                                0
<BONDS>                                      1,107,582
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            18
<OTHER-SE>                                     419,538
<TOTAL-LIABILITY-AND-EQUITY>                 1,982,035
<SALES>                                              0
<TOTAL-REVENUES>                               409,562
<CGS>                                                0
<TOTAL-COSTS>                                  331,086
<OTHER-EXPENSES>                                56,939
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                 21,537
<INCOME-TAX>                                     7,753
<INCOME-CONTINUING>                             13,784
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    13,784
<EPS-BASIC>                                       0.76
<EPS-DILUTED>                                     0.74