Securities and Exchange Commission
                             Washington D.C.  20549

                                    FORM 10-Q

[  X  ]    Quarterly  Report  Pursuant to Section 13 or 15 (d) of the Securities
Exchange  Act  of  1934  For  the  Period  Ended  March  31,  1998.

[      ]    Transition Report Pursuant to Section 13 or 15 (d) of the Securities
Exchange  Act  of  1934  For  the  Transition  Period  From  -_______________ to
________________.

Commission  file  number    0-22562

<TABLE>

<CAPTION>
     CROSSMANN  COMMUNITIES,  INC.
     -----------------------------



<S>                                       <C>
INDIANA. . . . . . . . . . . . . . . . .                   35-1880120
----------------------------------------  ---------------------------
 (State of incorporation). . . . . . . .  (I.R.S. Identification No.)
  9202 NORTH MERIDIAN STREET
INDIANAPOLIS, IN . . . . . . . . . . . .                        46260
----------------------------------------  ---------------------------
(Address of principal executive offices)                   (Zip Code)
(317) 843-9514
----------------------------------------                             
 (Telephone number)

</TABLE>


          Indicate  by  check  mark  whether  the  registrant  (1) has filed all
documents  and  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  periods that the registrant was required to file such reports), and (2)
has  been subject to such filing requirements for the past 90 days:  Yes   X  No
                                                                         ---




          There  were  11,138,229   Common shares outstanding as of May 1, 1998.







<PAGE>
                           CROSSMANN COMMUNITIES, INC.
                                    FORM 10-Q

                                      INDEX

Part  I.  Financial  Information.

     Item  1.          Financial  Statements.

Consolidated  balance  sheets  as of March 31, 1998 (unaudited) and December 31,
1997.

Consolidated  unaudited  statements  of income for the three months ended  March
31,  1998  and  1997.

               Consolidated  unaudited  statements  of  cash flows for the three
months  ended  March  31,  1998  and  1997.

               Notes  to  consolidated  unaudited  financial  statements for the
three  months  ended  March  31,  1998  and  1997.

     Item 2.     Management's Discussion and Analysis of Financial Condition and
Results  of  Operations.


Part  II.  Other  Information

     Item  1.          Legal  Proceedings.

     Item  2.          Changes  in  Securities.

     Item  3.          Defaults  upon  Senior  Securities.

     Item  4.          Submission  of  Matters  to  a  Vote of Security Holders.

     Item  5.          Other  Information.

     Item  6.          Exhibits  and  Reports  on  Form  8-K.


Signatures.



<PAGE>
                         PART I.  FINANCIAL INFORMATION.

ITEM  1.    FINANCIAL  STATEMENTS

<TABLE>

<CAPTION>

                           CROSSMANN COMMUNITIES, INC.
                                AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS




<S>                                         <C>               <C>
                                            March 31, 1998    December 31, 1997
                                            ----------------  ------------------
                                                 (unaudited)
                                            ----------------                    
ASSETS
  Cash and cash equivalents. . . . . . . .  $      3,083,475  $        5,526,138
  Retainages . . . . . . . . . . . . . . .         1,426,842             886,766
  Real estate inventories. . . . . . . . .       163,833,681         153,523,571
  Furniture and equipment, net . . . . . .         3,355,723           3,310,345
  Investments in joint ventures. . . . . .        12,406,861          12,354,474
  Goodwill, net. . . . . . . . . . . . . .         3,752,812           3,817,650
  Other assets . . . . . . . . . . . . . .         6,241,761           5,856,819
                                            ----------------  ------------------
Total assets . . . . . . . . . . . . . . .  $    194,101,155  $      185,275,763
                                            ================  ==================


Liabilities and shareholders' equity
  Accounts payable . . . . . . . . . . . .  $     10,036,452  $       15,924,136
  Accrued expenses and other liabilities .         6,902,473           7,426,217
  Notes payable. . . . . . . . . . . . . .        63,632,431          51,122,431
                                            ----------------  ------------------
Total liabilities. . . . . . . . . . . . .        80,571,356          74,472,784

Commitments and contingencies

Shareholders' equity:
  Common shares. . . . . . . . . . . . . .        55,726,356          55,548,737
  Retained earnings. . . . . . . . . . . .        57,803,443          55,254,242
                                            ----------------  ------------------
Total shareholders' equity . . . . . . . .       113,529,799         110,802,979
                                            ----------------  ------------------
Total liabilities and shareholders' equity  $    194,101,155  $      185,275,763
                                            ================  ==================
<FN>

See  accompanying  notes.
</TABLE>




<TABLE>

<CAPTION>

                           CROSSMANN COMMUNITIES, INC.
                                AND SUBSIDIARIES

                  CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

                                                    THREE MONTHS ENDED MARCH 31,
                                                    ----------------------------


<S>                                   <C>           <C>
                                             1998          1997 
                                      ------------  ------------
Sales of residential real estate . .  $56,323,242   $46,821,263 
Cost of residential real estate sold   44,527,551    37,074,010 
                                      ------------  ------------
Gross profit . . . . . . . . . . . .   11,795,691     9,747,253 

Selling, general and
 administrative. . . . . . . . . . .    7,858,452     6,353,310 
                                      ------------  ------------
Income from operations . . . . . . .    3,937,239     3,393,943 

Other income, net. . . . . . . . . .      518,712       313,525 
Interest expense . . . . . . . . . .     (216,117)     (285,620)
                                      ------------  ------------
                                          302,595        27,905 
                                      ------------  ------------

Income before income taxes . . . . .    4,239,834     3,421,848 
Income taxes . . . . . . . . . . . .    1,690,633     1,368,731 
                                      ------------  ------------
Net income . . . . . . . . . . . . .  $ 2,549,201   $ 2,053,117 
                                      ============  ============

Weighted average number of
 common shares outstanding:
  Basic. . . . . . . . . . . . . . .   11,118,066     9,188,652 
                                      ============  ============
  Diluted. . . . . . . . . . . . . .   11,348,131     9,294,335 
                                      ============  ============
Net income per common share:
  Basic. . . . . . . . . . . . . . .  $       .23   $       .22 
                                      ============  ============
 Diluted . . . . . . . . . . . . . .  $       .22   $       .22 
                                      ============  ============
<FN>

See  accompanying  notes.
</TABLE>




<TABLE>

<CAPTION>

                              CROSSMANN COMMUNITIES, INC.
                                   AND SUBSIDIARIES

                   CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


<S>                                               <C>                <C>
                                                  Three Months       hree Months
                                                  Ended March 31,    Ended March 31,
                                                  -----------------  -----------------
                                                              1998               1997 
                                                  -----------------  -----------------
Operating activities:
Net Income . . . . . . . . . . . . . . . . . . .  $      2,549,201   $      2,053,117 
Adjustments to reconcile net income to net cash
  flows from operating activities:
    Depreciation . . . . . . . . . . . . . . . .           129,796            164,512 
    Amortization . . . . . . . . . . . . . . . .            57,506             40,723 
    Cash provided (used) by changes in:
      Retainages . . . . . . . . . . . . . . . .          (540,076)          (516,959)
      Real estate inventories. . . . . . . . . .       (10,310,110)       (11,475,710)
      Other assets . . . . . . . . . . . . . . .          (377,611)          (508,560)
      Accounts payable . . . . . . . . . . . . .        (5,887,594)         1,964,417 
      Accrued expenses and other liabilities . .          (523,752)           289,909 
                                                  -----------------  -----------------
Net cash flows from operating activities . . . .       (14,902,640)        (7,988,549)

Investing activities:
Purchases of furniture and equipment . . . . . .          (175,174)          (184,460)
Investments in joint ventures. . . . . . . . . .           (52,387)          (441,838)
                                                  -----------------  -----------------
Net cash used by investing activities. . . . . .          (227,561)          (626,298)

Financing activities:
Proceeds from bank borrowing . . . . . . . . . .        41,855,000         24,965,000 
Principal payments on bank borrowing . . . . . .       (29,300,000)       (16,318,000)
Payments on notes and long-term debt . . . . . .           (45,081)           (32,153)
Proceeds from sale of common shares. . . . . . .           177,619                -0- 
                                                  -----------------  -----------------
Net cash provided by financing activities. . . .        12,687,538          8,614,847 
                                                  -----------------  -----------------

Net decrease in cash and cash equivalents. . . .        (2,442,663)               -0- 
Cash and cash equivalents at beginning of period         5,526,138            100,000 
                                                  -----------------  -----------------
Cash and cash equivalents at end of period . . .  $      3,083,475   $        100,000 
                                                  =================  =================
<FN>

See  accompanying  notes.
</TABLE>




CROSSMANN  COMMUNITIES,  INC.  AND  SUBSIDIARIES
Notes  to  Unaudited  Consolidated  Financial  Statements


Basis  of  Presentation
     Crossmann  Communities,  Inc.  (the  "Company") is engaged primarily in the
development,  construction,  marketing  and  sale of new single-family homes for
first  time  and  first  move-up buyers.  The Company also acquires and develops
land  for  construction  of  such  homes  and  originates mortgage loans for the
buyers.  The Company operates in Indianapolis, Ft. Wayne and Lafayette, Indiana;
Cincinnati,  Columbus and Dayton, Ohio;  Louisville and Lexington, Kentucky; and
Memphis,  Tennessee.

The  accompanying unaudited consolidated financial statements have been prepared
in  accordance  with the instructions to Form 10-Q and  Article 10 of Regulation
S-X.    Accordingly,  the  unaudited  consolidated  financial  statements do not
include  all  of  the  information  and footnotes required by generally accepted
accounting  principles for complete financial statements.  In the opinion of the
Company,  all  adjustments  (consisting of normal recurring accruals) considered
necessary  to  present  fairly  the  consolidated financial statements have been
included.

ITEM  2.    MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITIONS AND
RESULTS  OF  OPERATIONS.

The  Company's  business and the homebuilding industry in general are subject to
changes  in  economic  conditions,  including,  but  not  limited to, employment
levels,  interest  rates,  the  availability of credit, and consumer confidence.
The    Company's  success  over  the past several years has been influenced by a
variety  of  factors  including  favorable  economic conditions in its principal
markets,  the availability of capital for expansion, and low interest rates.  To
the extent these conditions do not continue, the Company's operating results may
be  adversely  affected.

The  Company's  business is subject to weather-related seasonal factors that can
affect  quarter-to-quarter results of operations.  The number of sales contracts
signed  tends  to be higher during the first four months of the year, creating a
backlog that declines during the second half of the year.  A home is included in
"backlog" upon execution of a sales contract by the customer, and sales and cost
of  sales are recognized when the title is transferred and the home is delivered
to  the  buyer  at  "closing."   Adverse weather conditions during the first and
second  quarters  of  the  year  usually  restrict  site  development  work, and
construction  limitations generally result in fewer closings during this period.
Results  of  operation  during  the  first  half  of  the  year also may reflect
increased  costs  associated  with  adverse  weather.

Effective  December  1997, SFAS 128 relating to the computation and presentation
of  earnings per share, became effective.  SFAS 128 replaces the presentation of
primary  EPS  with  a  presentation  of basic EPS, requires dual presentation of
basic  and  diluted  EPS  for  all  entities with complex capital structures and
requires  a  reconciliation  of  the  numerator and denominator of the basic EPS
computation  to  the  numerator  and denominator of the diluted EPS computation.
 .
THREE  MONTHS  ENDED MARCH 31, 1998 COMPARED TO THE THREE MONTHS ENDED MARCH 31,
1997.

Results  of  Operation
Sales  for  the  three  months ended March 31, 1998 increased approximately $9.5
million,  or  20.3%,  over the same period in 1997.  This increase reflects more
homes  closed  (479 homes in 1998 as compared to 420 in 1997) and higher selling
prices  ($117,585  per  home  for  the period in 1998 as compared to $111,479 in
1997.)    Management attributes the increase in unit closings principally to the
contribution of closings in Louisville, Lexington and Memphis, new markets which
had  very few closings in the first quarter of last year.  Management attributes
the  increase  in  average selling price to improving prices overall but also to
closings in Ohio where homes are generally sold with a basement and in Lexington
where  average  selling  prices  are  substantially  higher  than in Crossmann's
Indiana  markets.

Gross profit increased approximately $2 million for the three months ended March
31, 1998, over the same period the year before.  Gross profit as a percentage of
sales  increased  from  20.8% in 1997 to 20.9% in 1998.  This improvement is due
principally  to a lower level of capitalized interest, resulting from Crossman's
equity  offering  last  year.
Selling,  general  and administrative expenses increased $1.5 million during the
three  months  ended  March 31, 1998 compared to the same period in 1997, due in
part  to  sale commissions on the higher sales and increased overhead related to
the  Company's  new  markets.    Selling,  general  and  administrative expenses
increased  as  a  percentage  of  sales  from  13.57%  to  13.95%.

Other  income  increased  $274,690  for  the  three  months ended March 31, 1998
compared  to  the  same  period  the year before.  Although interest expense was
higher during the first quarter of 1997 due to higher inventory levels, earnings
from  land  development joint ventures were also higher and more than offset the
increase.    Trinity  Homes  LLC,  ("Trinity")  a  homebuilding joint venture in
Indianapolis  posted a slight gain of $255.  Trinity generates nearly all of its
income  in  the  second  half  of  the  year.

Income  before  income taxes for the three months ended March 31, 1998 increased
$817,986,  from    more  than  $3.4 million in 1997 to more than $4.2 million in
1998,  an  increase  of  approximately  24%.    Income  before income taxes as a
percentage of sales increased to 7.5% of sales in 1998 compared to 7.3% in 1997.
This  increase is due principally to increased sales volume with stable selling,
general  and  administrative  expenses.

Net  income was $496,084 higher for the first quarter of 1998 than for the first
quarter  of  1997,  an  increase of 24.2%.  As a percentage of sales, net income
increased  to  4.5%  from  4.4%  during  the  same  period  in  1997.

Backlog
The    Company generally builds only upon the execution of a sales contract by a
customer  and  after  approval  of  financing, although it also builds a limited
number of homes on speculation.  The standard sales contract used by the Company
provides  for an earnest money deposit of $1,000.  The contract usually includes
a  termination  provision under which the earnest money is refunded in the event
that mortgage financing is not available on terms specified in the contract, and
may  include  other  contingencies.    Cancellations  by  buyers  with  approved
financing  occur  infrequently.

Sales  backlog  at  March  31,  1998  was 1,759 with an aggregate sales value of
approximately  $190.8  million,  compared to 1,614 homes with an aggregate sales
value  of  approximately  $173  million  at  March  31,  1997,  an  increase  of
approximately  8.9%.  This increase reflects a higher year-end backlog (1,080 at
December  31, 1997 compared to 1,006 at December 31, 1996) and stronger sales in
the  first quarter of 1998 (1,158 contracts written in the first quarter of 1998
compared  to  1,028  in  1997,  an  increase  of 13%).  Orders in new markets of
Louisville,  Lexington  and  Memphis  and  improving  orders in Ft. Wayne offset
declines  in Indianapolis, Lafayette and Ohio. Management attributes declines to
inclement  weather  in  March.    January  and  February  sales  were  strong.

Changes  in  Financial  Position
Income  from  operations  and  new  borrowings  on  the line of credit were used
primarily  to  finance  real  estate  inventories, which increased approximately
$10.3  million  or  6.7%  from  their December 31, 1997 level.  The expansion in
inventory  during  the first quarter is a normal seasonal trend.  Winter weather
slows  closings  but  does  not  prevent  work on houses under construction from
continuing;  therefore,  investment  in  inventory  grows.

Retainages  increased  $540,076  in the first quarter, or 61%.  This increase is
also seasonal.  Mortgage companies retain escrows for the completion of exterior
landscape  items.    As  weather permits, yards will be completed and retainages
will  be  released  to  the  Company during the second and third quarters of the
year.

Notes  payable increased approximately $12.5 million during the first quarter of
1998  as  the  line  of  credit  was  used  to  finance  inventories.

Capital  Resources  and  Liquidity
On  December 22, 1995 the Company issued senior notes pari passu with its senior
bank  facility,  in the amount of $25 million, to be repaid over nine years at a
fixed  interest  rate  of  7.625%.    At  March  31, 1998, $19.4 million was the
outstanding  note  balance.

To  finance  inventory  expansion during the first quarter, the Company at March
31,  1998,  had  drawn  funds on its senior bank line of credit in the amount of
$43,452,000.    On  March  31, 1998, Crossmann amended its credit agreement with
Bank One, Indiana, NA, to reduce its interest rate, to streamline its covenants,
and  to  extend  the  maturity  of  the  line  to  March  31,  2000.

Both  the  note  agreements  and the bank line of credit require compliance with
certain  financial  and operating covenants and place certain limitations on the
Company's  investments  in  land  and  unconsolidated joint ventures.  They also
limit  payments  of  cash  dividends  by  the  Company.

The Company's financing needs depend on land acquisition, inventory turnover and
sales  volume.    Historically,  the  Company  has  financed operations with the
retention  of  earnings  and borrowings from financial institutions.  Management
believes  future financing needs will be funded by internally generated capital,
funds  available under the existing credit arrangement, and additional financing
to  be  negotiated.

FUTURE  TRENDS

On  April  27,  1998,  Crossmann  announced  its  entry  into   Charlotte, North
Carolina.  Crossmann  acquired an option to purchase 74 lots in Charlotte and is
actively negotiating to purchase land at other sites.  Marketing should commence
mid-summer  1998.






                           PART II.  OTHER INFORMATION

The following items for which provision is made in the applicable regulations of
the  Securities  and  Exchange  Commission  are  not  required under the related
explanations  or  are  inapplicable  and  therefore  have  been  omitted:

Item  1.    Legal  Proceedings.
Item  2.    Changes  in  Securities.
Item  3.    Defaults  Upon  Senior  Securities.
Item  4.    Submissions  of  Matters  to  a  Vote  of  Security  Holders.
Item  5.    Other  Information.
Item  6.    Exhibits  and  Reports  on  Form  8-K.
<TABLE>

<CAPTION>

a)  Exhibits


<S>      <C>
Exhibit  Description of Exhibit
Number
3.1 . .  Amended and restated Articles of Incorporation of Crossmann Communities, Inc.
         (Incorporated by reference to Exhibit 3.1 to Form S-1 Registration Statement No.
                                                                                    33-68396.)
3.2 . .  Bylaws of Crossmann Communities, Inc. (Incorporated by reference to Exhibit 3.2
         to Form S-1 Registration Statement No. 33-68396.)
4.1 . .  Specimen Share Certificate for Common Shares.  (Incorporated by reference to
         Exhibit 2.9 to Form S-1 Registration Statement No. 33-68396.)
10.2. .  1993 Outside Director Stock Option Plan.  (Incorporated by reference to Exhibit 10.2
         to Form S-1 Registration Statement No. 33-68396.)
10.3. .  1993 Employee Stock Option Plan.  (As amended as of May 22, 1996.)
10.37 .  Note Agreement dated as of December 19, 1995, $25,000,000 7.625% Senior Notes
         due December 9, 2004, by Crossmann Communities, Inc., et al. (Incorporated by
         reference to Exhibit 10.37 to From 10-K dated March 18, 1996.)
10.38 .  7.625% Senior Note due December 19, 2004, issued to Combined Insurance
         Company by Crossmann Communities, Inc., et al.  (Incorporated by reference to
         Exhibit 10.38 to Form 10-K dated March 18, 1996.)
10.39 .  7.625% Senior Note due December 19, 2004, issued to Minnesota Mutual Life
         Insurance company by Crossmann Communities, Inc., et al.  (Incorporated by
         reference to Exhibit 10.39 to Form 10-K dated March 18, 1996.)
10.40 .  Amended and Restated Credit Agreement, dated December 22, 1995, by and
         between Crossmann Communities, Inc., et al. and Bank One, Indianapolis N.A.
         (Incorporated by reference to Exhibit 10.40 to Form 10-K dated March 18, 1996.)

10.41 .  First Amendment to Amended and Restated Credit Agreement, dated March 27,
         1997, by and between Crossmann Communities, Inc. et al. and Bank One, Indiana
         N.A.  (Incorporated by reference to Exhibit 10.41 to Form 10-Q dated May 13,
                                                                                        1997.)
10.42 .  Promissory Note, dated March 27, 1997, by and between Crossmann Communities,
         Inc. et al. and Bank One, Indiana, N.A.  (Incorporated by reference to Exhibit 10.42
         to Form 10-Q dated May 13, 1997.)
10.51 .  Second Amendment to Amended and Restated Credit Agreement, dated March 31,
         1998, by and between Crossmann Communities, Inc. et. al. and Bank One,
         Indianapolis, NA.
10.5. .  Promissory Note, dated March 31, 1998, by and between Crossmann Communities,
         Inc. et al. and Bank One, Indiana, N.A.
19.1. .  Lease by and between Pinnacle Properties LLC ("Landlord") and Crossmann
         Communities, Inc. ("Tenant"), 9202 North Meridian Street, Suite 300, Indianapolis,
         Indiana 46260, executed April 18, 1994.  (Incorporated by reference to Exhibit 19.1
         to Form 10-Q dated August 12, 1994.)
21.2. .  Amended subsidiaries of the registrant, dated March 28, 1996.  (Incorporated by
         reference to Exhibit 21.2 to Form 10-Q dated August 13, 1996.)
27.1. .  Financial Data Schedule for the quarter ended March 31, 1998.
27.2. .  Financial Data Schedule for the years ended December 31, 1995 and 1996, and for
         the quarters ended March 31, 1996 and June 30, 1996.
27.3. .  Financial Data Schedule for the quarters ended September 30, 1996, March 31, 1997,
         June 30, 1997 and September 30, 1997.
</TABLE>



(b)  Reports  on  Form  8-K.
     No  Reports on Form 8-K were filed during the quarter for which this report
is  filed.



                                                SIGNATURES


     Pursuant  to the requirements of Sections 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.






CROSSMANN  COMMUNITIES,  INC.


 /s/  Jennifer  A.  Holihen
---------------------------
Jennifer  A.  Holihen
Director,  Chief  Financial  Officer;
Treasurer;  Secretary;
(Principal  Financial  and  Accounting  Officer)





Dated:    May  1,  1998







Exhibit  10.51
--------------


                               SECOND AMENDMENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT


     CROSSMANN  COMMUNITIES,  INC.,  an  Indiana Corporation (the "Company") and
BANK ONE, INDIANA, NA, (formerly known as Bank One, Indianapolis, NA) a national
banking  association  (the  "Bank")  being  parties  to that certain Amended and
Restated  Credit  Agreement  dated December 21, 1995, as amended by that certain
First  Amendment  to Amended and Restated Credit Agreement dated as of March 31,
1997 (collectively, the "Agreement"), hereby enter into this Second Amendment to
Amended  and  Restated  Credit  Agreement (this "Amendment") in order to further
amend  the  Agreement  as  follows:


     SECTION  1.  DEFINITIONS.   All defined terms used in this Amendment unless
     ----------   -----------
otherwise  defined  herein shall have their respective meanings set forth in the
Agreement.    Further,  the  following definitions appearing in Section 1 of the
Agreement  are  hereby  amended  and  restated in their respective entireties as
follows:

           "Borrowing  Base" means for the Company and the Current Subsidiaries,
            ---------------
determined  on  a  consolidated  basis  an  amount  equal to the sum of: (i) one
hundred  percent  (100%) of cash and cash equivalents; (ii) eighty percent (80%)
of  the  lesser  of  the  net book value or current market value of inventory of
speculative  homes  and  model homes completed or under construction, and winter
foundations,  on  land  which  the Company or a Current Subsidiary owns and with
respect  to  which  neither  the Company nor a Current Subsidiary has a contract
with a third party to build a house; (iii) ninety percent (90%) of the lesser of
the  net  book value or current market value of inventory of residential housing
completed  or  under  construction  on  land  which  the  Company  or  a Current
Subsidiary  owns  and  has  a contract with a third party to build a house; (iv)
sixty-five  percent  (65%) of the lesser of the net book value or current market
value  of  Land Held for Future Development; (v) sixty-five percent (65%) of the
lesser  of  the net book value or current market value of Land Under Development
and  Developed  Lots;  (vi)  ninety-five  percent  (95%)  of receivables held in
escrow;  and  (vii)  the lesser of Ten Million Dollars ($10,000,000.00) or fifty
percent  (50%)  of the net book value of the Company's unencumbered multi-family
unit  inventory  completed or under construction; provided that, notwithstanding
the  foregoing,  in  no event shall the sum of the amounts attributable to items
(iv)  and  (v)  above  exceed the sum of the amounts attributable to items (i) ,
(ii),  (iii),  (vi)  and  (vii).



           "LIBOR-based  Rate"  means  that  per annum rate of interest which is
            -----------------
equal  to  the  sum  of  the  London  Interbank Offered Rate plus the Applicable
Spread.

           "Revolving  Loan  Maturity Date" means March 31, 2000, and thereafter
            ------------------------------
any subsequent date to which the Commitment may be extended by the Bank pursuant
to  the  terms  of  Section  2(d).


     SECTION  2.    NEW  DEFINITIONS.    The  following definitions are added to
     ----------     ----------------
Section  1  of  the  Agreement  as  follows:
     -

           "Applicable  Spread"  means  that  number  of percentage points to be
            ------------------
taken  into  account  in  determining  the per annum rate at which interest will
accrue  on  the  Revolving  Loan  based  on  the  London  Interbank Offered Rate
determined  by  reference  of the ratio of the Company's Total Debt to its Total
Capitalization  in  accordance  with  the  following  table:

     Ratio  of  Total  Debt  to  Total  Capitalization         Applicable Spread
     -------------------------------------------------         -----------------

Greater  than  or  equal  to  .51:1.0                                  1.60%

 .33-.50:1.0                                                      1.45%

00-.32:1.0                                                      1.30%

          The  Applicable  Spread  shall  be  determined  on  the  basis  of the
financial  statements  of  the  Company for each fiscal quarter furnished to the
Bank  pursuant  to  the requirements of Section 5(b) with prospective effect for
the following fiscal quarter.  Interest will accrue and be payable in any fiscal
quarter  on the basis of Applicable Spread in effect during the preceding fiscal
quarter  until  an  adjustment  is  made under the terms of this provision.  The
Applicable  Spread  shall  be  adjusted on the first interest payment date which
follows  receipt  by  the  Bank  of  the  financial  statements  upon which such
adjustment  is  based.    In  the  event  that  the Company fails to deliver the
financial statements and compliance certificates required under Section 5(b) for
any  month  which ends a fiscal quarter, then the Applicable Spread shall be the
largest  spread shown on the above table from the date such financial statements
were  required  to  be  delivered  until  the  first interest payment date which
follows delivery to the Bank of such financial statements.  It is noted that the
above  table  provides  an  Applicable Spread for a ratio of Total Debt to Total
Capitalization  greater  than that which is permitted under the terms of Section
5(g)(iii).    For  the avoidance of doubt, it is agreed that it is the intent of
the  parties  that  the  Bank  shall  be free to exercise all remedies otherwise
provided for in this Agreement in the event of a violation of the Company of the
covenants  stated  in Section 5(g)(iii), notwithstanding the accrual of interest
upon  the  Loan  at  a  rate  determined  in  accordance  with  this definition.

 "Joint  Venture  Land" shall mean, as of the date of any determination thereof,
  --------------------
land  owned or in the process of development by a joint venture entity formed to
engage  principally in land development activity and in which the Company or any
Current  Subsidiary  is  a  joint  venture  partner.

           "Second  Amendment"  means  that  certain  agreement  entitled Second
            -----------------
Amendment  to  Amended and Restated Credit Agreement entered into by and between
the  Company  and  the  Bank  dated  as  of  March  31,  1998.


     SECTION  3.    REVOLVING  LOAN.    Section  2(e) of the Agreement is hereby
     ----------     ---------------
amended  and  restated  in  its  entirety and a new Section 2(j) is added to the
     -
Agreement  as  follows:

          (e)       Letters of Credit.  At any time that the Company is entitled
                    -----------------
to  an Advance under the Revolving Loan, the Bank shall, upon the application of
the Company, or the Company and any Subsidiary if the context so requires, issue
for  the  account  of  the Company or the respective Subsidiary as applicable, a
standby  letter of credit (each a "Letter of Credit") in an amount not in excess
of  the  maximum Advance that the Company would then be entitled to obtain under
the  Revolving  Loan,  provided  that  (A) the total amount of Letters of Credit
which  are  outstanding  at  any  time  shall  not exceed $5,000,000.00, (B) the
issuance  of any Letter of Credit with a maturity date beyond the Revolving Loan
Maturity  Date shall be entirely  at the discretion of the Bank, (c) the form of
the  requested  Letter  of  Credit  shall  be  satisfactory  to  the Bank in the
reasonable  exercise  of  the  Bank's  discretion,  and  (D) the Company, or the
Company  and  Crossmann  Partnership  as  the  context  so  requires, shall have
executed  an application and reimbursement agreement for the Letter of Credit (a
"Reimbursement Agreement") on the Bank's standard form (currently in the form of
Exhibit  "G").  While any Letter of Credit is outstanding, the maximum amount of
------------
advances  which  may be outstanding under the Revolving Loan shall be reduced by
the  maximum  amount  available  to  be  drawn  under the Letter of Credit.  The
Company  shall  pay the Bank a commission for each Letter of Credit issued equal
to one and one-half percent (1-1/2%) of the maximum amount available to be drawn
under  the  Letter of Credit.  Such commissions shall be calculated on the basis
of  a  360-day year and the actual number of days in the period during which the
Letter of Credit will be outstanding.  The Company shall pay the Bank's standard
transaction  fees  with  respect to any transactions occurring on account of any
Letter  of  Credit.   Commissions shall be payable quarterly in advance when the
related  Letters of Credit are issued and thereafter on the first Banking Day of
each  subsequent  three-month  period  from the date of issuance so long as such
Letter  of  Credit  is  outstanding,  and transaction fees shall be payable upon
completion  of  the  transactions  as  to  which  they  are  charged.   All such
commissions  and  fees  may be debited by the Bank to any deposit account of the
Company carried with the Bank without further authority, and in any event, shall
be  paid  by  the  Company  within  ten  (10)  days  following  billing.

          (j)        Unused Fee.  In addition to interest on the Revolving Loan,
                     ----------
the  Company  shall  pay  to  the  Bank  an  unused fee for each partial or full
calendar  quarter  during  which  the  Commitment is outstanding equal to twenty
one-hundredths  percent  (.20%)  per  annum  of  the average daily excess of the
Commitment  over  the  principal balance of the Revolving Loan.  Unused fees for
each  calendar  quarter  shall be due and payable within ten (10) days following
the  Bank's  submission  of  a  statement  of  the amount due.  Such fees may be
debited  by  the  Bank  when  due  to  any demand deposit account of the Company
carried  with  the  Bank  without  further  authority.


     SECTION  4.    FINANCIAL  COVENANTS.  Sections 5(g)(ii) and 5(g)(iv) of the
     ----------     --------------------
Agreement  are  hereby amended and restated in their respective entireties and a
new  Section  5(g)(viii)  is  added  to  the  Agreement  as  follows:

(ii)         Consolidated Tangible Net Worth.  The Company shall maintain at all
             -------------------------------
times  its  Consolidated  Tangible  Net Worth at a level not less than an amount
equal  to  the  sum  of  Ninety Million and 00/100 Dollars ($90,000,000.00) plus
Fifty  Percent  (50%)  of  Consolidated  Net Earnings determined on a cumulative
basis  for each fiscal quarter ending on and  after December 31, 1997; provided,
that  for  the  purposes  of  the  foregoing  calculation,  in  the  event  that
Consolidated  Net  Earnings  is  a  deficit  figure for any such fiscal quarter,
Consolidated  Net  Earnings  for  such fiscal quarter shall be deemed to be zero
and, accordingly, shall not reduce the amount of Consolidated Tangible Net Worth
required  to  be  maintained  pursuant  to  this  Section.

          (iv)          Ratio  of Consolidated Land to Consolidated Tangible Net
                        --------------------------------------------------------
Worth.    The  Company shall maintain at all times the ratio of its Consolidated
Land to Consolidated Tangible Net Worth at a level not greater than 1.25 to 1.00

          (viii)      Equity in Joint Ventures.  The sum of the Company's equity
                      ------------------------
investment  in  land  development joint ventures formed to engage principally in
land  development, plus all loans from the Company to such joint ventures, shall
not  at  any time exceed twenty-five percent (25%) of the Company's Consolidated
Tangible  Net  Worth.


     SECTION  5.   INVESTMENTS.  Section 6(d) of the Agreement is hereby amended
     ----------    -----------
by  the  addition  of  a  new  clause  (ix)  thereto  as  follows:

          (ix)        Investments in non-consolidated joint venture partnerships
formed  to  engage  principally  in  single-family  land  development.


     SECTION 6.  REPRESENTATIONS AND WARRANTIES.  In consideration for the terms
     ---------   ------------------------------
and  provisions  hereof,  the  Company  represents and warrants that each of its
representations  and  warranties  appearing  in  Section  3 of the Agreement are
complete  and  correct  as  of  the  date  hereof  except  that:

          (a)          Section  3(a)  shall be deemed to also include as Current
Subsidiaries  Cutter  Homes, Ltd., a corporation organized, existing and in good
standing  under  the laws of the Commonwealth of Kentucky, Crossmann Communities
of  Tennessee,  LLC, a limited liability company organized, existing and in good
standing  under the laws of the State of Tennessee, Crossmann Properties, LLC, a
limited  liability  company,  organized, existing and in good standing under the
laws  of  the  State  of  Indiana,  Crossmann  Investments,  Inc., a corporation
organized, existing and in good standing under the laws of the State of Indiana,
and  Crossmann  Management,  Inc., a corporation organized, existing and in good
standing  under  the  laws  of  the  State  of  Indiana.
          (b)       The representation appearing in Section 3(d) shall be deemed
to  also  refer to the most recent financial statements delivered by the Company
to  the  Bank;  and

          (c)       The representation appearing in Section 3(l) shall be deemed
to  refer to Subsidiaries of the Company created after the date of the Agreement
with  the  prior  consent  of  the  Bank.


     SECTION  7.  CONDITIONS  PRECEDENT.    As  conditions  precedent  to  the
     ----------   ---------------------
effectiveness  of this Amendment, the Bank shall have received the following, in
     -----
form  and  substance  acceptable  to  the  Bank:

          (a)          This  Amendment  duly  executed  by  the  Company;

          (b)      The Revolving Note in the form of Exhibit "A" attached hereto
                                                     -----------
(the  "Revolving Note") which hereafter shall be deemed to be the Revolving Note
for  all  purposes  of  the  Agreement;

          (c)      A certified copy of the Resolutions of the Board of Directors
of  the  Company  authorizing  the execution and delivery of this Amendment, the
Revolving  Note,  and  any  other  document  required  hereunder.

          (d)          A  certificate  signed  by  the Secretary of the Board of
Directors  of  the  Company  certifying  the  name  of  the  Officer or Officers
authorized  to  sign  this Amendment, the Revolving Note, and any other document
required  to be executed and delivered pursuant to this Amendment, together with
a  sample  of  the  true  signature  of  each  such  officer.

          (e)          The  Reaffirmation  of Guaranty (each a "Reaffirmation of
Guaranty") of each of the Current Subsidiaries in the forms of Exhibits "B, "C,"
                                                                        --- ----
"D,"  "E,"  "F," "G," "H," "I," ",J" "K," "L" "M," "N," and "O" attached hereto.
----  ----  ---- ---- ---- ---- ---- ---- --- ---- ----     ---

          (f)          A  Certificate of Existence for the Company issued by the
Indiana  Secretary  of  State  as  of  a  recent  date.

          (g)      An opinion of counsel for the Company as to the due execution
and  delivery  and enforceability of this Amendment, the Revolving Note, and all
other  documents  to  be  executed  by  the  Company  pursuant  hereto.

          (h)       The reasonable fees of Bank's counsel incurred in connection
with  the  drafting,  negotiation  and  closing  of  this  Amendment.

          (i)          Such  other documents as the Bank may reasonably require.


     SECTION  8.    REAFFIRMATION OF AGREEMENT.  Except as specifically modified
     ----------     --------------------------
herein,  the  Agreement  is hereby reaffirmed and shall remain in full force and
effect  as  originally  written  and  as  may  have  been  previously  amended.


     IN  WITNESS WHEREOF, the Company and the Bank have entered into this Second
Amendment  to  Amended  and  Restated  Credit Agreement by their respective duly
authorized  officers  as  of  this  31st  day  of  March,  1998.


          CROSSMANN  COMMUNITIES,  INC.,  an  Indiana  corporation


               By:          /s/Jennifer  A.  Holiehn
                            ------------------------
                    Jennifer  A.  Holihen,  Secretary



          BANK ONE, INDIANA, NA, formerly known as Bank One, Indianapolis, NA, a
national  banking  association



               By:          /s/  Daniel  H.  Hatfield
                            -------------------------
               Daniel  H.  Hatfield,  Vice  President



























EXHIBIT  10.52
--------------

                                 PROMISSORY NOTE
                                (REVOLVING LOAN)

                                                       Indianapolis,  Indiana
$60,000,000.00
Dated:    March  31,  1998

Final  Maturity:    March  31,  2000

     On  or  before  March  31,  2000 ("Final Maturity"), CROSSMANN COMMUNITIES,
INC.,  an Indiana corporation (the "Maker") promises to pay to the order of BANK
ONE,  INDIANA,  NA  (the  "Bank")  at  the  principal  office  of  the  Bank  at
Indianapolis,  Indiana,  the  principal  sum of Sixty Million and 00/100 Dollars
($60,000,000.00)  or  so much of the principal amount of the Loan represented by
this  Note  as  may  be  disbursed  by  the  Bank  under the terms of the Credit
Agreement  described  below, and to pay interest on the unpaid principal balance
outstanding  from  time  to  time  as  provided  in  this  Note.

     This Note evidences indebtedness (the "Loan") incurred or to be incurred by
the  Maker  under  a  revolving line of credit extended to the Maker by the Bank
under  an  Amended  and  Restated  Credit  Agreement dated December 21, 1995 (as
amended,  the  "Credit  Agreement").   All references in this Note to the Credit
Agreement  shall  be  construed  as  references  to  that Agreement as it may be
amended  from  time to time.  The Loan is referred to in the Credit Agreement as
the  "Revolving  Loan."    Subject  to  the  terms  and conditions of the Credit
Agreement,  the  proceeds of the Loan may be advanced and repaid and re-advanced
until Final Maturity.  The principal amount of the Loan outstanding from time to
time  shall  be  determined by reference to the books and records of the Bank on
which  all  Advances  under the Loan and all payments by the Maker on account of
the  Loan shall be recorded.  Such books and records shall be deemed prima facie
                                                                     ----- -----
to  be  correct  as  to  such  matters.

     The  terms  "Advance" and "Banking Day" are used in this Note as defined in
the  Credit  Agreement.

     Interest  on the unpaid principal balance of the Loan outstanding from time
to time prior to and after maturity will accrue at the rate or rates provided in
the  Credit  Agreement.    Prior  to maturity, accrued interest shall be due and
payable on the last Banking Day of each month commencing on the last Banking Day
of  the month in which this Note is executed.  After maturity, interest shall be
due  and  payable as accrued and without demand.  Interest will be calculated on
the  basis  that  an  entire  year's  interest  is  earned  in  360  days.

     The  entire  outstanding  principal  balance  of this Note shall be due and
payable,  together  with accrued interest, at Final Maturity.  Reference is made
to  the  Credit Agreement for provisions requiring prepayment of principal under
certain  circumstances.    Principal may be prepaid, but only as provided in the
Credit  Agreement.

     If any installment of interest due under the terms of this Note is not paid
when  due,  then  the Bank or any subsequent holder of this Note may, subject to
the terms of the Credit Agreement, at its option and without notice, declare the
entire principal amount of the Note and all accrued interest immediately due and
payable.    Reference  is  made  to  the  Credit  Agreement  which  provides for
acceleration of the maturity of this Note upon the happening of other "Events of
Default"  as  defined  therein.

          If  any installment of interest due under the terms of this Note prior
to  maturity  is  not  paid  in  full  when due, then the Bank at its option and
without  prior  notice  to the Maker, may assess a late payment fee in an amount
equal to the greater of $50.00 or five percent (5%) (not exceeding a maximum fee
of $250.00) of the amount past due.  Each late payment fee assessed shall be due
and payable on the earlier of the next regularly scheduled interest payment date
or  the  maturity  of  this  Note.    Waiver by the Bank of any late payment fee
assessed,  or  the  failure of the Bank in any instance to assess a late payment
fee  shall  not be construed as a waiver by the Bank of its right to assess late
payment  fees  thereafter.

     All  payments on account of this Note shall be applied first to expenses of
collection,  next  to  any  late payment fees which are due and payable, next to
interest  which  is  due  and  payable,  and only after satisfaction of all such
expenses,  fees  and  interest,  to  principal.

     The Maker and any endorsers severally waive demand, presentment for payment
and notice of nonpayment of this Note, and each of them consents to any renewals
or  extensions  of  the  time  of  payment  of  this  Note  without  notice.

     This Note is given in renewal, replacement and modification of that certain
Promissory  Note  (Revolving Loan) from the Maker to the Bank dated December 21,
1995,  in  the  original  principal  amount  of  $40,000,000.00 and with a final
maturity  date  of  March  31, 1998, as replaced by that certain Promissory Note
(Revolving  Loan)  from  the  Maker  to  the  Bank  dated March 31, 1997, in the
original  principal  amount  of $60,000,000.00 and with a final maturity date of
March  31,  1999.

     All  amounts  payable  under  the  terms of this Note shall be payable with
expenses  of  collection,  including  attorneys'  fees,  and without relief from
valuation  and  appraisement  laws.
     This  Note  is  made  under  and  will  be  governed  in  all  cases by the
substantive  laws of the State of Indiana, notwithstanding the fact that Indiana
conflicts  of  law rules might otherwise require the substantive rules of law of
another  jurisdiction  to  apply.


                                   CROSSMANN  COMMUNITIES,  INC.


                                   By:          /s/  Jennifer  A.  Holihen
                                                --------------------------
                                        Jennifer  A.  Holihen,  Secretary


                                   EXHIBIT "A"