<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Balance Sheet as of June 30, 1998 and the Consolidated Statement of
Income for the six months then ended of M/I Schottenstein Homes, Inc.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                          12,169
<SECURITIES>                                         0
<RECEIVABLES>                                   32,981
<ALLOWANCES>                                         0
<INVENTORY>                                    338,104
<CURRENT-ASSETS>                               383,254
<PP&E>                                          12,691
<DEPRECIATION>                                   4,366
<TOTAL-ASSETS>                                 420,216
<CURRENT-LIABILITIES>                           90,789
<BONDS>                                          6,292
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            88
<OTHER-SE>                                     150,887
<TOTAL-LIABILITY-AND-EQUITY>                   420,216
<SALES>                                        286,811
<TOTAL-REVENUES>                               292,836
<CGS>                                          231,578
<TOTAL-COSTS>                                  231,578
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               5,659
<INCOME-PRETAX>                                 18,721
<INCOME-TAX>                                     7,595
<INCOME-CONTINUING>                             11,126
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    11,126
<EPS-PRIMARY>                                     1.40
<EPS-DILUTED>                                     1.38