<ARTICLE> 5

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                      10,618,939
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                 99,488,673
<CURRENT-ASSETS>                                     0
<PP&E>                                       4,044,291
<DEPRECIATION>                               2,224,181
<TOTAL-ASSETS>                             117,968,309
<CURRENT-LIABILITIES>                                0
<BONDS>                                     57,493,022
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       462,553
<OTHER-SE>                                  37,593,888
<TOTAL-LIABILITY-AND-EQUITY>               117,968,309
<SALES>                                     49,431,164
<TOTAL-REVENUES>                            52,082,605
<CGS>                                       44,887,626
<TOTAL-COSTS>                               45,050,403
<OTHER-EXPENSES>                            10,872,438
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              40,230
<INCOME-PRETAX>                             (3,880,466)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (3,880,466)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (3,880,466)
<EPS-BASIC>                                      (0.84)
<EPS-DILUTED>                                    (0.84)
<FN>
Company reports on a non-classified balance sheet.