<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 202
<SECURITIES> 0
<RECEIVABLES> 8,664 <F1>
<ALLOWANCES> 100
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 109,609
<DEPRECIATION> 4,465
<TOTAL-ASSETS> 123,184
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 8
<OTHER-SE> 12,369
<TOTAL-LIABILITY-AND-EQUITY> 123,184
<SALES> 73,378
<TOTAL-REVENUES> 77,313
<CGS> 75,221 <F2>
<TOTAL-COSTS> 76,034
<OTHER-EXPENSES> 15,207 <F3>
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5,317
<INCOME-PRETAX> (19,245)
<INCOME-TAX> 3,590
<INCOME-CONTINUING> (15,655)
<DISCONTINUED> 0
<EXTRAORDINARY> 18,044
<CHANGES> 0
<NET-INCOME> 2,389
<EPS-BASIC> .290
<EPS-DILUTED> .290
<FN>
<F1> Receivables are comprised of due from tax credit partnerships, construction
contracts receivables, ntoes receivable and due from related parties.
<F2> Cost of goods sold is comprised of cost of construction, cost of homes
sold, impairment of homes under development, cost of commercial properties
and cost of land sold.
<F3> Other expenses are comprised of general and administrative, goodwill write
down and depreciation and amortization expenses.
</TABLE>
