<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1996 AND THE CONSOLIDATED 
STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1996 AND IS 
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               SEP-30-1996
<EXCHANGE-RATE>                                      1
<CASH>                                           7,662
<SECURITIES>                                         0
<RECEIVABLES>                                   24,248
<ALLOWANCES>                                         0
<INVENTORY>                                    922,065
<CURRENT-ASSETS>                                     0
<PP&E>                                          46,432
<DEPRECIATION>                                  22,632
<TOTAL-ASSETS>                               1,046,207
<CURRENT-LIABILITIES>                                0
<BONDS>                                        550,912
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            18
<OTHER-SE>                                     270,444
<TOTAL-LIABILITY-AND-EQUITY>                 1,046,207
<SALES>                                        263,023
<TOTAL-REVENUES>                               264,295
<CGS>                                          216,676
<TOTAL-COSTS>                                  216,748
<OTHER-EXPENSES>                                38,184
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  9,363
<INCOME-TAX>                                     3,371
<INCOME-CONTINUING>                              5,992
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,992
<EPS-PRIMARY>                                     0.33
<EPS-DILUTED>                                        0