<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
BALANCE SHEET AND CONSOLIDATED STATEMENT OF INCOME INCLUDED IN QUARTERLY REPORT
ON FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH QUARTERLY REPORT ON FORM 10-Q FOR THE THREE MONTHS
ENDED MARCH 31, 2000.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                          15,455
<SECURITIES>                                         0
<RECEIVABLES>                                    8,987
<ALLOWANCES>                                         0
<INVENTORY>                                    183,688
<CURRENT-ASSETS>                                     0
<PP&E>                                           6,440
<DEPRECIATION>                                   4,120
<TOTAL-ASSETS>                                 296,923
<CURRENT-LIABILITIES>                                0
<BONDS>                                        191,195
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           104
<OTHER-SE>                                      60,836
<TOTAL-LIABILITY-AND-EQUITY>                   296,923
<SALES>                                         65,373
<TOTAL-REVENUES>                                 1,625
<CGS>                                           53,186
<TOTAL-COSTS>                                   53,186
<OTHER-EXPENSES>                                 4,235
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,545
<INCOME-PRETAX>                                  8,032
<INCOME-TAX>                                       393
<INCOME-CONTINUING>                              7,639
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,639
<EPS-BASIC>                                     0.73
<EPS-DILUTED>                                     0.73