ENGLE HOMES INC /FL
10-Q/A, 1996-12-09
OPERATIVE BUILDERS
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                                   FORM 10-Q
                                  AMENDMENT 1    
                     SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549

(Mark One)

x    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended         July 31, 1996

                                        OR

     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to  

For Quarter Ended         Commission file number    0-19633


                                   ENGLE HOMES, INC.
        (Exact name of registrant as specified in its charter)


      FLORIDA                                   59-2214791
           
(State or other jurisdiction of          (I.R.S. Employer
incorporation or organization)           Identification No.)

   123 N.W. 13th Street
   Boca Raton, Florida                                33432
(Address of principal executive offices)            (Zip code)

(Registrant's telephone number, including area code)(561) 391-4012
                                       NONE      
     (Former name, former address and former fiscal year, if
      changed since last report)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such report(s), and (2) has been subject to filing requirements
for the past 90 days. 
YES   x     NO      

Number of shares of common stock outstanding as of July 31, 1996:
6,929,200


<PAGE>
                                                        
                            SIGNATURES


                    Pursuant to the requirements of the
                    Securities Exchange Act of 1934, the
                    registrant has duly caused this report
                    to be signed on its behalf by the 
                    undersigned thereunto duly authorized.
                                                  


                              ENGLE HOMES, INC.
                                (Registrant)


Date:  December 9, 1996                       \s\ ALEC ENGELSTEIN
                                                  Alec Engelstein
                                          Chief Executive Officer
                                                        


Date:  December 9, 1996                        \s\ DAVID SHAPIRO
                                                   David Shapiro
                                         Chief Financial Officer

     



<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-END>                               JUL-31-1996
<CASH>                                          11,949
<SECURITIES>                                         0
<RECEIVABLES>                                    7,993
<ALLOWANCES>                                         0
<INVENTORY>                                    210,030
<CURRENT-ASSETS>                                     0
<PP&E>                                           3,312
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 271,590
<CURRENT-LIABILITIES>                                0
<BONDS>                                        147,603
                                0
                                          0
<COMMON>                                            69
<OTHER-SE>                                      78,538
<TOTAL-LIABILITY-AND-EQUITY>                   271,590
<SALES>                                        219,066
<TOTAL-REVENUES>                               221,555
<CGS>                                          189,923
<TOTAL-COSTS>                                  189,923
<OTHER-EXPENSES>                                23,032
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  8,600
<INCOME-TAX>                                     3,268
<INCOME-CONTINUING>                              5,332
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,332
<EPS-PRIMARY>                                      .75
<EPS-DILUTED>                                      .66
        

</TABLE>


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