HOMEUSA INC
SC 13G, 1998-02-18
REAL ESTATE
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                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C.  20549


                               SCHEDULE 13G


                 Under the Securities Exchange Act of 1934

                           (Amendment No. ...)*



                               HOMEUSA, INC.
                             (Name of Issuer)

                   COMMON STOCK $.01 PAR VALUE PER SHARE
                      (Title of Class of Securities)

                                437881 10 5
                              (CUSIP Number)


      *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

      The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

                              Page 1 of 7
<PAGE>
CUSIP NO.  437881 10 5               13G                 Page 2 of 7 Pages

   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             STEVEN S.  HARTER


   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (A)
             NONE
                                                             (B)

   3   SEC USE ONLY


   4   CITIZENSHIP OR PLACE OF ORGANIZATION

             UNITED STATES OF AMERICA

                   5     SOLE VOTING POWER
   NUMBER OF
     SHARES                    10,000
  BENEFICIALLY
    OWNED BY       6     SHARED VOTING POWER      
      EACH                                        
   REPORTING                   1,843,823          
     PERSON        7     SOLE DISPOSITIVE POWER   
      WITH                                        
                               10,000             
           
                   8     SHARED DISPOSITIVE POWER

                               1,843,823
   9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                         1,853,823
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES



  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                         12.0%
  12   TYPE OF REPORTING PERSON*

            IN

                              Page 2 of 7
<PAGE>
CUSIP NO.  437881 10 5               13G                 Page 3 of 7 Pages

   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   NOTRE CAPITAL VENTURES II, L.L.C.


   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                             (A)
             NONE
                                                             (B)

   3   SEC USE ONLY


   4   CITIZENSHIP OR PLACE OF ORGANIZATION

             TEXAS

                   5     SOLE VOTING POWER
   NUMBER OF
     SHARES                    0
  BENEFICIALLY      
    OWNED BY       6     SHARED VOTING POWER    
      EACH                                      
   REPORTING                   1,843,823        
     PERSON        7     SOLE DISPOSITIVE POWER 
      WITH                                      
                               0                
                   
                   8     SHARED DISPOSITIVE POWER

                               1,843,823
   9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                         1,843,823
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

          [ ]

  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                         11.9%
  12   TYPE OF REPORTING PERSON*

          OO (LIMITED LIABILITY COMPANY)
  
                              Page 3 of 7
<PAGE>
                                   ITEM 1(A)

Name of issuer:  The name of the issuer is HomeUSA, Inc. ("HomeUSA").

                                   ITEM 1(B)

Address of issuer's principal executive offices: The principal executive office
of HomeUSA is Three Riverway, Suite 630, Houston, Texas 77056.
                                   ITEM 2(A)

Name of person filing: The reporting persons are Steven S. Harter and Notre
Capital Ventures II, L.L.C. Steven S. Harter is the President of Notre Capital
Ventures II, L.L.C. ("Notre")

                                   ITEM 2(B)

Address or principal business office or, if none, residence: The address of
Steven S. Harter and Notre is Three Riverway, Suite 630, Houston, Texas 77056.

                                   ITEM 2(C)

Citizenship: Steven S. Harter is a citizen of the United States of America.
Notre is organized in the State of Texas.

                                   ITEM 2(D)

Title of class of securities: The class of securities of HomeUSA owned
beneficially by Steven S. Harter and Notre is common stock, $.01 par value (the
"Common Stock").

                                   ITEM 2(E)

CUSIP Number: 437881 10 5

                                    ITEM 3

Not applicable

                                    ITEM 4

Ownership:

(a)   The amount of securities beneficially owned by each of Steven S. Harter
      and Notre is 1,853,823 and 1,843,823 shares of Common Stock, respectively.

(b)   The percent of the class of Common Stock beneficially owned by each of 
      Steven S. Harter 

                                   Page 4 of 7
<PAGE>
      and Notre is 12.0% and 11.9%, respectively.

(c)   Steven S. Harter has the sole power to vote or to direct the vote of
      10,000 shares of the Common Stock and the sole power to dispose or to
      direct the disposition of 10,000 shares of the Common Stock. Steven S.
      Harter and Notre each has the shared power to vote or to direct the vote
      of 1,843,823 shares of the Common Stock and the shared power to dispose or
      to direct the disposition of 1,843,823 shares of the Common Stock.

                                    ITEM 5

Ownership of 5 Percent or Less of a Class:  Not applicable

                                    ITEM 6

Ownership of More than 5 Percent on Behalf of Another Person:  Not applicable

                                    ITEM 7

Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company: Not applicable

                                    ITEM 8

Identification and Classification of Members of the Group:  Not applicable

                                    ITEM 9

Notice of Dissolution of Group:  Not applicable

                                    ITEM 10

Certification:  Not applicable

                                   Page 5 of 7
<PAGE>
SIGNATURE

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                          2/14/98
                                    (Date)


                                          /s/ STEVEN S.  HARTER
                                    (Signature)


                                          STEVEN S.  HARTER
                                    (Name/Title)


                                    NOTRE CAPITAL VENTURES II, L.L.C.



                                    By:   /s/ STEVEN S.  HARTER


                                    Its:  PRESIDENT

                                   Page 6 of 7
<PAGE>
                                   EXHIBIT 1

                                   AGREEMENT


      The undersigned reporting persons hereby agree that the statements filed
pursuant to this Schedule 13G dated February 14, 1998, to which this Agreement
is filed as an exhibit, is filed on behalf of them.


                                          /s/ STEVEN S.  HARTER
                                    (Signature)


                                          STEVEN S.  HARTER
                                    (Name/Title)


                                    NOTRE CAPITAL VENTURES II, L.L.C.



                                    By:   /s/ STEVEN S.  HARTER


                                    Its:  PRESIDENT

                                   Page 7 of 7



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