<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from Registrant's
Unaudited Condensed Consolidated Statement of Operations and Unaudited Condensed
Consolidated Statement of Financial Position for the three months ended March
31, 1998 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                            DEC-31-1998
<PERIOD-START>                               JAN-01-1998
<PERIOD-END>                                 MAR-31-1998
<CASH>                                            42,286
<SECURITIES>                                           0
<RECEIVABLES>                                    249,699
<ALLOWANCES>                                      (1,043) 
<INVENTORY>                                    3,071,625  
<CURRENT-ASSETS>                                       0
<PP&E>                                           140,614  
<DEPRECIATION>                                   (14,975) 
<TOTAL-ASSETS>                                 4,238,153  
<CURRENT-LIABILITIES>                                  0
<BONDS>                                        2,780,007  
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0   
<COMMON>                                             359  
<OTHER-SE>                                       618,900  
<TOTAL-LIABILITY-AND-EQUITY>                   4,238,153  
<SALES>                                          511,390  
<TOTAL-REVENUES>                                 511,390  
<CGS>                                                  0  
<TOTAL-COSTS>                                    447,271  
<OTHER-EXPENSES>                                   2,552  
<LOSS-PROVISION>                                     670  
<INTEREST-EXPENSE>                                47,668  
<INCOME-PRETAX>                                   13,229  
<INCOME-TAX>                                       5,821  
<INCOME-CONTINUING>                                7,408  
<DISCONTINUED>                                         0  
<EXTRAORDINARY>                                        0  
<CHANGES>                                              0  
<NET-INCOME>                                       7,408  
<EPS-PRIMARY>                                        .24  
<EPS-DILUTED>                                        .23