<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheet as of September 30, 1997 and the consolidated
statement of income for the nine months ended September 30, 1997 of M/I
Schottenstein Homes, Inc. and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                           5,850
<SECURITIES>                                         0
<RECEIVABLES>                                   21,583
<ALLOWANCES>                                         0
<INVENTORY>                                    294,002
<CURRENT-ASSETS>                               321,759
<PP&E>                                          12,504
<DEPRECIATION>                                   4,031
<TOTAL-ASSETS>                                 354,544
<CURRENT-LIABILITIES>                           84,845
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            88
<OTHER-SE>                                     110,276
<TOTAL-LIABILITY-AND-EQUITY>                   354,544
<SALES>                                        402,768
<TOTAL-REVENUES>                               409,801
<CGS>                                          328,711
<TOTAL-COSTS>                                  328,711
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,073
<INCOME-PRETAX>                                 20,644
<INCOME-TAX>                                     8,349
<INCOME-CONTINUING>                             12,295
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    12,295
<EPS-PRIMARY>                                     1.48
<EPS-DILUTED>                                     1.48