<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Balance Sheet as of March 31, 1998 and the Consolidated Statement
of Income for the three months then ended of M/I Schottenstein Homes, Inc.
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                           1,685
<SECURITIES>                                         0
<RECEIVABLES>                                   26,358
<ALLOWANCES>                                         0
<INVENTORY>                                    300,245
<CURRENT-ASSETS>                               328,288
<PP&E>                                          12,852
<DEPRECIATION>                                   4,518
<TOTAL-ASSETS>                                 363,545
<CURRENT-LIABILITIES>                           73,492
<BONDS>                                          6,292
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            88
<OTHER-SE>                                     120,083
<TOTAL-LIABILITY-AND-EQUITY>                   363,545
<SALES>                                        114,027
<TOTAL-REVENUES>                               117,230
<CGS>                                           91,271
<TOTAL-COSTS>                                   91,271
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,648
<INCOME-PRETAX>                                  7,503
<INCOME-TAX>                                     3,002
<INCOME-CONTINUING>                              4,501
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,501
<EPS-PRIMARY>                                     0.59
<EPS-DILUTED>                                     0.58