<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1998 AND THE CONSOLIDATED
STATEMENT OF INCOME FOR THE NINE 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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                             736
<SECURITIES>                                         0
<RECEIVABLES>                                   30,203
<ALLOWANCES>                                         0
<INVENTORY>                                    356,759
<CURRENT-ASSETS>                               387,698
<PP&E>                                          24,906
<DEPRECIATION>                                   4,653
<TOTAL-ASSETS>                                 433,924
<CURRENT-LIABILITIES>                          101,162
<BONDS>                                         17,772
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            88 
<OTHER-SE>                                     158,677
<TOTAL-LIABILITY-AND-EQUITY>                   433,924
<SALES>                                        492,432
<TOTAL-REVENUES>                               501,630
<CGS>                                          398,071
<TOTAL-COSTS>                                  398,071
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               9,014
<INCOME-PRETAX>                                 32,481
<INCOME-TAX>                                    13,145
<INCOME-CONTINUING>                             19,336
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    19,336
<EPS-PRIMARY>                                     2.34
<EPS-DILUTED>                                     2.32