CROSSMANN COMMUNITIES, INC.
     EMPLOYEE STOCK OPTION PLAN

     (as amended to reflect increase of shares available thereunder)

     Crossmann Communities, Inc. (the "Company") sets forth the following
terms of this Crossmann Communities, Inc. Employee Stock Option Plan
(hereinafter referred to as the "Plan"):

     1.     PURPOSE.  The Plan is intended to advance the interests of the
Company by providing key employees of the Company or of any "subsidiary
corporation" of the Company, as defined in Section 424(f) of the Internal
Revenue Code of 1986, as amended from time to time (the "Code"), or the
corresponding provisions of any subsequently enacted tax statutes, with an
opportunity to acquire or increase a proprietary interest in the Company,
which thereby will create a stronger incentive to expend maximum effort for
the growth and success of the Company and its subsidiaries, and will encourage
such individuals to remain in the employ or service of the Company or of one
or more of its subsidiaries.  The Company and all such subsidiary corporations
are hereinafter collectively referenced from time to time as the "Employer."
Each stock option granted under the Plan is intended to be an "incentive stock
option," as defined in Code Section 422 or the corresponding provisions of any
subsequently enacted tax statutes, and any provision of the Plan which does
not comply with the requirements of Code Section 422 shall be inoperative;
provided, however, than an option is not intended to be an incentive stock
option to the extent that (i) any such option would exceed the limitations set
forth in Section 5, and (ii) any such option is specifically designated as not
being an incentive stock option.

     2.     ADMINISTRATION.

          a.     COMMITTEE.  The Plan shall be administered by the
Compensation Committee of the Board of Directors of the Company (hereinafter
referred to as the "Committee").

          b.     POWER AND AUTHORITY.  The Committee shall have the full power
and authority to take all actions and make all determinations required or
provided for under the Plan, any option agreement, or any option granted under
the Plan; to interpret and construe the provisions of the Plan, any option
agreement, or any option granted under the Plan, which interpretation or
construction shall be final, conclusive, and binding on the Company, the
Employer, and the optionee; and to take any and all other actions and make any
and all other determinations not inconsistent with the specific terms and
provisions of the Plan which the Committee deems necessary or appropriate in
the administration of the Plan.  The Committee may from time to time
prescribe, amend, and rescind rules and regulations applicable to the Plan.

          c.     ACTIONS AND DETERMINATIONS.  The Committee may take action
and make determinations in the manner prescribed by the Board of Directors of
the Company, provided such action is permitted by the Articles of
Incorporation and Bylaws of the Company, the Indiana Business Corporation Law,
as amended, and all other applicable laws.  A majority of the Committee shall
constitute a quorum for purposes of any action or determination by the
Committee.  All actions and determinations of the Committee shall be made by
an affirmative vote by not less than a majority of its members.

          d.     NO LIABILITY.  No member of the Committee shall be liable for
any action or determination made by the Committee or by such member in good
faith.

     3.     ELIGIBILITY

          a.     KEY EMPLOYEES.  Only those persons who are key employees of
the Employer shall be eligible to participate in the Plan.  The Committee
shall determine from time to time the particular employees of the Employer who
are "key employees" of the Employer and who shall be eligible to participate
in the Plan, and the terms and extent of their participation in the Plan.

          b.     10% SHAREHOLDERS.  No option shall be granted under the Plan
to any key employee of the Employer who, at the time such option is granted,
owns shares possessing more than 10% of the total combined voting power of all
classes of shares of the Company or of any parent corporation of the Company
(as defined in Code Section 424(e)) or subsidiary corporation of the Company
(such employee being hereinafter referred to as "10% Shareholder"), except as
expressly provided below.  In determining whether the percentage limitations
of this Section 3(b) are met, an employee shall be considered as owning any
shares owned, directly or indirectly, by or for his or her brothers or sisters
(whether by the whole or half blood), spouse, ancestors, lineal descendants,
or by reason of any other relationships as contemplated by Code Section
422(b)(6).  For purposes of this Section 3(b), shares owned, directly or
indirectly, by or for a corporation, partnership, estate, or trust shall be
considered as being owned proportionately by or for its shareholders,
partners, or beneficiaries.  The percentage limitations of this Section 3(b)
shall not apply, however, if at the time such option is granted the option
price is at least 110% of the fair market value of the shares subject to the
option and such option by its terms is not exercisable after the expiration of
five years from the date such option is granted.

     4.     SHARES.  The shares subject to the options and other provisions of
the Plan shall be shares of the Company's authorized but unissued, or
reacquired, Common Shares (the "Common Shares").  The total number of Common
Shares with respect to which options may be granted shall not exceed in the
aggregate 600,000 Common Shares, except as such number of Common Shares shall
be adjusted in accordance with the provisions set forth in Section 6(g).  In
the event any outstanding option under the Plan expires or is terminated in
whole or in part for any reason prior to the end of the period during which
options may be granted, the Common Shares allocable to the unexercisable
portion of such option may again be subject to an option granted under the
Plan.  During the period that any options granted under the Plan are
outstanding, the Company shall reserve and keep available such number of
Common Shares as will be sufficient to satisfy all outstanding, unexercised
options.

     5.     MAXIMUM EXERCISE.  The aggregate fair market value (determined at
the time the option is granted) of the Common Shares with respect to which
incentive stock options are exercisable for the first time by an employee
during any calendar year (under all such plans of the Company and its parent
and subsidiary corporations within the meaning of Code Section 422(d)) shall
not exceed $100,000.  In the event the fair market value of the Common Shares
subject to such options exceeds $100,000, the options in excess of such amount
shall be deemed to be nonstatutory stock options, and the character of all
relevant options shall be determined by taking options into account in the
order in which they were granted.

     6.     TERMS AND CONDITIONS OF OPTIONS.  Subject to the terms and
conditions set forth in the Plan, the Committee may grant options to any
eligible individuals upon such terms and conditions as the Committee shall
determine.  The date on which the Committee approves the grant of an option
shall be considered the date on which such option is granted.  Options granted
pursuant to the Plan shall be evidenced by option agreements in such form
consistent with the Plan as the Committee shall prescribe from time to time.
Option agreements covering options granted from time to time or at the same
time need not contain similar provisions so long as all such option agreements
are consistent with the Plan.  Such option agreements shall state whether the
options issued thereunder are incentive stock options or non-statutory stock
options, and shall comply with and be subject to the following terms and
conditions:

          a.     MEDIUM AND TIME OF PAYMENT

               i.     In General.  An option may be exercised by delivery of
payment of the purchase price of the Common Shares subject to an option
accompanied by a properly executed written notice of exercise and subscription
agreement in such form as prescribed by the Committee.  The notice of exercise
shall specify the number of Common Shares with respect to which the option is
being exercised.  The Committee may prescribe in the option agreement a
minimum number of Common Shares with respect to which an option may be
exercised, in whole or in part.  Except as provided in Section 6(a)(ii),
payment in full of the purchase price of the Common Shares for which the
option is being exercised shall be made either (i) in cash or in cash
equivalents; (ii) through the tender to the Company of Common Shares or the
withholding of Common Shares subject to the option, which Common Shares shall
be valued, for purposes of determining the extent to which the purchase price
has been paid, at their fair market value on the date of exercise as
determined under Section 6(c); or (iii) by a combination of the methods
prescribed in (i) and (ii); provided, however, that the Committee may in its
discretion impose and set forth in the option agreement pertaining to an
option such limitations or prohibitions on the use of Common Shares to
exercise options as it deems appropriate.  Any attempt to exercise an option
granted under the Plan other than as set forth in this Section 6(a) shall be
invalid and of no force and effect.

               ii.     Use of Brokers.  The Committee may provide, by
inclusion of appropriate language in an option agreement, that payment in full
of the purchase price need not accompany the written notice of exercise and
subscription agreement provided the notice of exercise and subscription
agreement directs that the certificate or certificates for such Common Shares
for which the option is exercised be delivered to a licensed broker acceptable
to the Company as the agent for the individual exercising the option and, at
the time such certificate or certificates are delivered, the broker tenders to
the Company cash or cash equivalents acceptable to the Company equal to the
purchase price for such Common Shares purchased pursuant to the exercise of
the option plus the amount (if any) of federal and other taxes which the
Company may, in its sole judgment, be required to withhold with respect to the
exercise of the option.

               iii.     Issuance of Certificates.  Promptly after the exercise
of an option and the payment in full of the purchase price of the Common
Shares subject to the option, the individual exercising the option shall be
entitled to the issuance of a certificate or certificates evidencing ownership
of such Common Shares.  The Company may issue separate certificates for any
Common Shares purchased pursuant to the exercise of an option which is an
incentive stock option and for Common Shares purchased pursuant to the
exercise of an option which is not an incentive stock option.

          b.     NUMBER OF SHARES.  The option agreement shall state the total
number of Common Shares which may be purchased pursuant to the option
agreement.

          c.     OPTION PRICE.  The purchase price of each Common Share
subject to an option shall be fixed by the Committee at an amount per Common
Share not less than the fair market value per Common Share on the date of
grant of the option.  In the case of options granted to an employee of the
Employer who is a 10% Shareholder, the purchase price of each Common Share
subject to an option shall be an amount per Common Share not less than 110% of
the fair market value per Common Share on the date of grant of the option.
The fair market value of the Common Shares subject to an option shall be
determined by the Committee in good faith in accordance with such procedures
as the Committee shall prescribe from time to time.  The Committee shall
consider those factors which the Committee reasonably believes to be relevant
in determining the fair market value of the Common Shares.  The option
agreement shall state the purchase price of the Common Shares subject to the
option.

          d.     TERM OF OPTIONS.  Each option granted under the Plan shall
expire within the period prescribed in the option agreement relating to the
option, which shall not be more than five years from the date the option is
granted if the optionee is a 10% Shareholder and not more than ten years from
the date the option is granted if the optionee is not a 10% Shareholder.  The
option agreement shall state the date of the grant of the option.

          e.     TIME OF EXERCISE.  The Committee may, in its discretion,
provide in an option agreement that an option granted under the Plan may not
be exercised in whole or in part until the expiration of such period or
periods of time as may be specified by the Committee; provided, however, that
any such limitation on the exercise of an option contained in an option
agreement may be rescinded, modified, or waived by the Committee, in its sole
discretion, at any time and from time to time after the date of grant of such
option so as to accelerate the time in which the option may be exercised.
Except as specifically restricted by the provisions of this Section 6(e) or by
the Committee in administering the Plan, any option may be exercised in whole
or in part at any time and from time to time during the period commencing with
the date of grant and ending upon the expiration or termination of the option.
Notwithstanding the preceding sentence, any person subject to Section 16 of
the Securities Act of 1934, as amended, who is granted an option shall not
exercise the option in whole or in part within the six month period
immediately following the date of grant unless the person agrees to hold the
securities acquired upon exercise until at least six months have elapsed from
the date of grant.

          f.     TERMINATION OF EMPLOYMENT

               i.     In General.  Without limiting the applicability of
Section 6(h), in the event an optionee shall cease to be employed by the
Employer, a parent corporation of the Employer, or a corporation or a parent
corporation or a subsidiary corporation of such corporation issuing or
assuming an option in a transaction to which Code Section 424(a) applies, all
options outstanding in the hands of the optionee shall terminate immediately
as to any unexercised portion thereof; provided, however, that the Committee,
in its discretion, subject to the provisions of Section 6(d) and Section 6(e),
may permit a terminated optionee to exercise any unexercised options, at any
time within three months after the effective date of the cessation of the
optionee's employment with respect to the Common Shares for which such options
could have been exercised (i) on the effective date of the cessation of
employment, or (ii) during the three month period following such effective
date; provided further, that if any cessation of employment is due to
retirement with the consent of the Employer or permanent and total disability
(as defined in Code Section 22(e)(3)), the optionee shall have the right,
subject to the provisions of Section 6(d) and Section 6(e), to exercise the
option with respect to the Common Shares for which it could have been
exercised on the effective date of cessation of employment, at any time within
three months after such cessation of employment due to retirement with the
consent of the Employer or at any time within twelve months after such
cessation of employment due to permanent and total disability.

               ii.     Death.  In the event of the death of an employee while
in the employ of the Employer or within the period following termination of
employment during which the option remains exercisable under this Section
6(f), the employee's personal representative shall have the right, subject to
the provisions of Section 6(d) and Section 6(e), to exercise the option with
respect to the Common Shares for which it could have been exercised on the
date of death, at any time within twelve months from the date of death.

               iii.     Determinations.  For purposes of the Plan, whether a
cessation of employment is to be considered a retirement with the consent of
the Employer or due to permanent and total disability, and whether an
authorized leave of absence or absence on military or government service shall
be deemed to constitute termination of employment shall be determined by the
Committee, which determination shall be final, conclusive, and binding.  For
purposes of the Plan, a termination of employment with the Company or a
subsidiary corporation shall not be deemed to occur if the optionee is
immediately thereafter employed with the Company or any subsidiary
corporation.

          g.     RECAPITALIZATION.  The aggregate number of Common Shares as
to which options may be granted under the Plan, the number of Common Shares
covered by each outstanding option, and the price per Common Share with
respect to each such option, all shall be proportionately adjusted for any
increase or decrease in the number of issued Common Shares resulting from a
subdivision or consolidation of shares or any other capital adjustment, the
payment of a share dividend, or other increase or decrease in the Common
Shares effected without receipt of consideration by the Company.  In the event
that, prior to the delivery by the Company of the Common Shares remaining
under any outstanding option under the Plan, there shall be a capital
reorganization or reclassification of the capital of the Company resulting in
a substitution of other shares for the Common Shares, there shall be
substituted the number of substitute shares which would have been issued in
exchange for the Common Shares then remaining under the option if such Common
Shares had been then issued and outstanding.

          h.     CHANGE OF CONTROL, DISSOLUTION, AND LIQUIDATION.

               i.     Change of Control.  For purposes of the Plan, "change of
control event" shall be deemed to have occurred if:

                    (A)     The Company shall become a party to an agreement
of merger, consolidation, or other reorganization pursuant to which the
Company will be a constituent corporation and the Company will not be the
surviving or resulting corporation, or which will result in less than 50% of
the outstanding voting securities of the surviving or resulting entity being
owned by the former shareholders of the Company;

                    (B)     The Company shall become a party to an agreement
providing for the sale by the Company of all or substantially all of the
Company's assets to any individual, partnership, joint venture, association,
trust, corporation, or other entity ("Person") which is not a wholly-owned
subsidiary of the Company;

                    (C)     The Company determines in its sole discretion that
any Person has become or is anticipated to become the beneficial owner,
directly or indirectly, of securities of the Company representing 50% or more
of the combined voting power of the Company's then outstanding securities, the
effect of which (as determined by the Company in its sole discretion) is to
take over control of the Company; or

                    (D)     The Company determines that during any period of
two consecutive years, individuals who, at the beginning of such period,
constituted the Board of Directors of the Company, cease, for any reason, to
constitute at least a majority thereof, unless the election or nomination for
election for each new director was approved by the vote of at least two-
thirds of the directors then still in office who were directors at the
beginning of the period.

               ii.     Effect of a Change of Control Event.  Upon the
occurrence of a change of control event, the Company shall provide written
notice thereof (the "Notice") to the optionees.  All unvested options shall
vest immediately upon delivery of the Notice to the optionees.  The Company
shall have the right, but not the obligation, to terminate all outstanding
options as of the 30th day immediately following the date of the sending of
the Notice by including a statement to such effect in the Notice.  Upon
delivery of the Notice and regardless of whether the Company elects to
terminate the outstanding options, and subject to Section 6(d) and Section
6(e), the optionees shall have the right to immediately exercise all
outstanding options in full during the 30-day period notwithstanding the other
terms and conditions otherwise set forth in the Plan or in any option
agreement.

               iii.     Dissolution and Liquidation.  In the event the Company
adopts all necessary resolutions approving a plan to dissolve or liquidate the
Company, the Company shall provide written notice thereof (the "Notice") to
the optionees.  All unvested options shall vest immediately upon delivery of
the Notice to the optionees.  Upon delivery of the Notice, and subject to
Section 6(d) and Section 6(e), the optionees shall have the right to
immediately exercise all outstanding options in full during the 30-day period
immediately following the date of the sending of the Notice notwithstanding
the other terms and conditions otherwise set forth in the Plan or in any
option agreement.  All unexercised options outstanding as of the 30th day
immediately following the date of the sending of the Notice shall terminate.

          i.     ASSIGNABILITY.  No option shall be assignable or
transferable, except to the extent provided in Section 6(f) in the event of
the death of an optionee.  During the lifetime of an optionee, the option
shall be exercisable only by the optionee to whom the option was granted (or,
in the event of the legal incapacity or incompetency of the optionee, the
optionee's legal guardian or legal representative on behalf of the optionee).


<PAGE>
          j.     ISSUANCE OF SHARES AND COMPLIANCE WITH SECURITIES LAWS

               i.     Conformity With Law.  The Company shall not be required
to sell or issue any Common Shares in connection with any option granted under
the Plan and may postpone the issuance and delivery of certificates
representing Common Shares until (a) the admission of such Common Shares to
listing on any stock exchange on which Common Shares of the Company of the
same class are then listed and (b) the completion of such registration or
other qualification of such Common Shares under any state or federal law,
rule, or regulation as the Company shall determine to be necessary or
advisable, which registration or other qualification the Company shall use
reasonable efforts to complete.  Any person purchasing Common Shares pursuant
to the Plan may be required to make such representations and furnish such
information as may, in the opinion of counsel for the Company, be appropriate
to permit the Company to determine the necessity of registration of the Common
Shares under the Securities Act of 1933, as amended from time to time, or any
similar state statute.

               ii.     Compliance with Rule 16b-3.  The Plan is intended to
qualify for the exemption from the short-swing profits liability imposed by
Section 16(b) under the Securities Exchange Act of 1934, as amended from time
to time, provided by Rule 16b-3.  To the extent any provision of the Plan or
action by the Committee does not comply with the requirements of Rule 16b-3,
it shall be deemed inoperative to the extent permitted by law and deemed
advisable by the Committee.  In the event Rule 16b-3 is revised or replaced,
the Committee may exercise its discretion to modify the Plan in any respect
necessary to satisfy the requirements of the revised exemption or its
replacement provided such modification is made in accordance with Section 8.

          k.     RIGHTS AS A SHAREHOLDER.  An optionee shall have no rights as
a shareholder with respect to Common Shares covered by an option until the
date of issuance of a certificate or certificates to the optionee and only
after the purchase price of such Common Shares is fully paid.  No adjustment
will be made for dividends or other rights for which the record date is prior
to the date such certificate or certificates are issued.

          l.     OTHER PROVISIONS.  The option agreements entered into under
the Plan shall contain such other provisions as the Committee shall deem
advisable, provided that such provisions are not inconsistent with the terms
of the Plan and Code Section 422.

     7.     TERM OF PLAN.  The Plan is effective on September 1, 1993, which
is the date of the approval of the Plan by the unanimous written consent of
the holders of the issued and outstanding Common Shares of the Company.  The
Plan shall terminate on August 31, 2002, or on such earlier date as the Board
of Directors may determine.  No option may be granted under the Plan
thereafter.

     8.     AMENDMENT OF THE PLAN.  The Board of Directors of the Company,
except any members participating in the Plan, may from time to time, alter,
amend, suspend, or discontinue the Plan with respect to any Common Shares as
to which options have not been granted; provided, however, that the Board of
Directors may not, without further approval by the holders of a majority of
the issued and outstanding Common Shares of the Company voting in person or by
proxy at a duly held shareholders' meeting:

     (a)     increase the maximum number of shares as to which options may be
granted under the Plan (other than as provided in Section 6(g));

     (b)     change the class of shares for which options may be granted under
the Plan;

     (c)     change the designation of the employees or class of employees
eligible to receive options under the Plan;

     (d)     change the provisions of Section 6(c) concerning the option
price;

     (e)     increase the maximum period during which options may be
exercised;

     (f)     extend the term of the Plan; or

     (g)     permit the granting of options to members of the Committee.

     9.     APPLICATION OF FUNDS.  The proceeds received by the Company from
the sale of Common Shares pursuant to options granted under the Plan will be
used for general corporate purposes.

     10.     NO OBLIGATION TO EXERCISE OPTION.  The granting of an option
under the Plan shall impose no obligation upon the optionee to exercise any
such option.

     11.     NO OBLIGATION TO CONTINUE EMPLOYMENT.  Neither the adoption of
the Plan nor the granting of an option under the Plan shall impose any
obligation on the Employer to provide any specified amount of compensation to,
or to continue the employment of, any optionee.

     12.     APPLICABILITY OF AMENDMENTS.  Without the express written consent
of the Company and the optionee, no amendment, suspension, or termination of
the Plan shall alter, impair, or otherwise affect any rights or obligations of
the Company or an optionee with respect to any option previously granted to
such optionee.

     13.     WITHHOLDINGS.  The Company shall have the right to require
optionees or their agents to remit to the Company amounts sufficient to
satisfy any federal, state or local income, employment, or other tax
withholding requirements (or make other arrangements satisfactory to the
Company with regard to such taxes) at such times as the Company deems
necessary or appropriate for compliance with such laws.


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