<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