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,  1997.

[      ]  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
ExchangeAct  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  6,125,768  Common shares outstanding as of May 13, 1997.







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

                                    INDEX

Part  I.  Financial  Information.

     Item  1.          Financial  Statements.

Consolidated  balance sheets as of March 31, 1997 (unaudited) and December 31,
1996.

Consolidated unaudited statements of income for the three months ended  March 
31,  1997  and  1996.

               Consolidated  unaudited  statements of cash flows for the three
months  ended  March  31,  1997  and  1996.

               Notes  to  consolidated  unaudited financial statements for the
three  months  ended  March  31,  1997  and  1996.

     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, 1997    December 31, 1996
                                            ----------------  ------------------
                                                 (unaudited)
                                            ----------------                    
ASSETS
  Cash and cash equivalents                 $        100,000             100,000
  Retainages                                       1,668,659           1,151,700
  Real estate inventories                        124,677,817         113,202,107
  Furniture and equipment, net                     2,939,281           2,919,333
  Investments in joint ventures                    3,846,580           3,404,742
  Goodwill, net                                    2,696,603           2,737,328
  Other assets                                     5,329,819           4,821,259
                                            ----------------  ------------------
Total assets                                $    141,258,759  $      128,336,469
                                            ================  ==================


Liabilities and shareholders' equity
  Accounts payable                          $     16,075,051  $       14,110,634
  Accrued expenses and other liabilities           5,540,163           5,250,256
  Notes payable                                   57,941,067          49,326,220
                                            ----------------  ------------------
Total liabilities                                 79,556,281          68,687,110

Commitments and contingencies

Shareholders' equity:
  Common shares                                   24,400,903          24,400,903
  Retained earnings                               37,301,575          35,248,456
                                            ----------------  ------------------
Total shareholders' equity                        61,702,478          59,649,359
                                            ----------------  ------------------
Total liabilities and shareholders' equity  $    141,258,759  $      128,336,469
                                            ================  ==================
<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>

                                             1997          1996 
                                      ------------  ------------

Sales of residential real estate      $46,821,263   $37,568,566 
Cost of residential real estate sold   37,074,010    30,036,068 
                                      ------------  ------------
Gross profit                            9,747,253     7,532,498 

Selling, general and                    6,353,310     5,112,291 
 administrative
Income from operations                  3,393,943     2,420,207 

Other income, net                         313,525       234,938 
Interest expense                         (285,620)     (208,003)
                                      ------------  ------------
                                           27,905        26,935 
                                      ------------  ------------

Income before income taxes              3,421,848     2,447,142 
Income taxes                            1,368,731     1,077,289 
                                      ------------  ------------
Net income                            $ 2,053,117   $ 1,369,853 
                                      ============  ============

Weighted average number of
 common shares outstanding              6,125,768     6,087,825 
                                      ============  ============

Net income per common share           $       .34   $       .23 
                                      ============  ============
<FN>

See  accompanying  notes.
</TABLE>



<TABLE>

<CAPTION>

                               CROSSMANN COMMUNITIES, INC.
                                     AND SUBSIDIARIES

                    CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


<S>                                                   <C>                <C>

                                                      Three Months       Three Months
                                                      Ended March 31,    Ended March 31,
                                                      -----------------  -----------------
                                                                  1997               1996 
                                                      -----------------  -----------------
Operating activities:
Net Income                                            $      2,053,117   $      1,369,853 
Adjustments to reconcile net income to net cash
 flows from operating activities:
    Depreciation                                               164,512            166,388 
    Amortization                                                40,725             40,423 
    Gain on sale of equipment                                      -0-             (3,880)
    Cash provided (used) by changes in:
      Retainages                                              (516,959)          (586,877)
      Real estate inventories                              (11,475,710)        (6,699,239)
      Other assets                                            (508,560)          (266,311)
      Accounts payable                                       1,964,417           (510,798)
      Amounts due to related parties                               -0-                210 
      Accrued expenses and other liabilities                   289,909            520,256 
                                                      -----------------  -----------------
Net cash flows from operating activities                    (7,988,549)        (5,969,975)

Investing activities:
Purchases of furniture and equipment                          (184,460)        (1,506,934)
Proceeds from disposition of furniture and equipment               -0-              7,000 
Investments in joint ventures                                 (441,838)          (230,661)
                                                      -----------------  -----------------
Net cash used by investing activities                         (626,298)        (1,730,595)

Financing activities:
Proceeds from bank borrowing                                24,965,000          7,360,000 
Principal payments on bank borrowing                       (16,318,000)        (4,670,000)
Payments on notes and long-term debt                           (32,153)          (253,380)
Proceeds from sale of common shares                                -0-             31,000 
                                                      -----------------  -----------------
Net cash provided by financing activities                    8,614,847          2,467,620 
                                                      -----------------  -----------------

Net decrease in cash and cash equivalents                          -0-         (5,232,950)
Cash and cash equivalents at beginning of period               100,000          5,232,950 
                                                      -----------------  -----------------
Cash and cash equivalents at end of period            $        100,000   $            -0- 
                                                      =================  =================
<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; and Louisville, Kentucky.

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, becomes 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
structure  and  requires  a reconciliation of the numerator and denominator of
the  basic EPS computation to the numerator and denominator of the diluted EPS
computation.    SFAS  is effective for financial statements issued for periods
ending after December 15, 1997; earlier adoption is not permitted.  Management
has  determined that the adoption of  SFAS 128 will not have a material effect
on  the  accompanying  consolidated  financial  statements.

Three Months Ended March 31, 1997 Compared to the Three Months Ended March 31,
1996.

Results  of  Operation
Sales  for  the three months ended March 31, 1997 increased approximately $9.3
million,  or 24.6%, over the same period in 1996.  This increase reflects more
homes closed (420 homes in 1997 as compared to 354 in 1996) and higher selling
prices  ($111,479  per  home for the period in 1997 as compared to $106,126 in
1996.)    Management  attributes this increase in unit closings principally to
the  contribution of closings in Dayton, a new market which had no closings in
the  first  quarter  of  last  year, and to improved closings in Indianapolis.

Gross  profit  increased approximately $2.2 million for the three months ended
March  31,  1997,  over  the  same  period the year before.  Gross profit as a
percentage  of  sales  increased  from 20.05% in 1996 to 20.82% in 1997.  This
improvement  is due principally to a more profitable product mix, and a higher
percentage  of  houses closed on lots developed by the Company in 1997 than in
1996.

Selling,  general  and  administrative expenses increased $1.24 million during
the three months ended March 31, 1997 compared to the same period in 1996, 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
declined  as  a  percentage  of  sales  from  13.61%  to  13.57%.

Other  income  increased  $78,587  for  the  three months ended March 31, 1997
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.

Income  before    income  taxes  for  the  three  months  ended March 31, 1997
increased  $974,685,  from    more that $2.4 million in 1996 to more than $3.4
million  in  1997,  an  increase of approximately 39.8%.  Income before income
taxes  as a percentage of sales increased to 7.3% of sales in 1997 compared to
6.5% in 1996.  This increase is due principally to increased sales volume with
stable  selling,  general  and  administrative  expenses.

Net  income  was  $683,264  higher  for the first quarter of 1997 than for the
first  quarter  of  1996, an increase of 49.9%.  As a percentage of sales, net
income  increased  to  4.38%  from  3.65%  during  the  same  period  in 1996.

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, 1997 was 1,614 with an aggregate sales value of
approximately  $173  million,  compared to 1,313 homes with an aggregate sales
value  of  approximately  $139.3  million  at  March  31, 1996, an increase of
approximately 23%.  This increase reflects a higher year-end backlog (1,006 at
December  31, 1996 compared to 757 at December 31, 1995) and stronger sales in
the  first  quarter  of  1997 (1,028 contracts written in the first quarter of
1997 compared to 910 in 1996, an increase of 12.97%).   Indianapolis, Southern
Indiana  and  all  Ohio  markets  showed  strong  improvement in first quarter
orders.    Louisville, which had no marketing presence in the first quarter of
1996,  also  posted  strong  sales  for  a  new  market.

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
$11.5  million  or 10.1% from their December 31, 1996 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  $516,959 in the first quarter, or 44.9%.  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 $8.6 million during the first quarter of
1997  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, 1997, $22.2 million
was  the  outstanding  note  balance.

To  finance inventory expansion during the first quarter, the Company at March
31,  1997,  had drawn funds on its senior bank line of credit in the amount of
$34,489,000.    On March 27, 1997, Crossmann amended its credit agreement with
Bank  One,  Indiana,  NA,  to  increase  its  line  of  credit to $60 million,
streamline  its  covenants,  and  extend the maturity of the line to March 31,
1999.

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  29,  1997,  Crossmann  announced its intent to acquire Don Galloway
Homes,  Inc.  and  related  business  operations,  based  in  Charlotte, North
Carolina.  Galloway builds homes in Charlotte, North  Carolina, and Greenville
and  Charleston,  South Carolina.  The purchase is contingent upon Crossmann's
completion  of  due  diligence  and  the  negotiation of a definitive purchase
agreement  by June 9, 1997.  Terms of the agreement will be disclosed when the
agreement is finalized.  Crossmann hopes to close the transaction early in the
third  quarter  of  1997.



                         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)  Exhibit


<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
         toExhibit 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.
10.42    Promissory Note, dated March 27, 1997, by and between Crossmann Communities,
         Inc. et al. and Bank One, Indiana, N.A.
11.40    Computation of Per Share Net Income for the quarter ended March 31, 1997.

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.)
27.3     Financial Data Schedule for the quarter ended March 31, 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.

     A  report  on  Form  8-K  was  filed May 13, 1997 to announce the planned
acquisition  of  Don  Galloway  Homes,  Inc.



                                  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  13,  1997



























Exhibit  10.41    Amended  and  Restated  Credit  Agreement


FIRST  AMENDMENT  TO  AMENDED  AND  RESTATED  CREDIT  AGREEMENT

     Crossmann  Communities, Inc., and 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  (the
"Agreement"),  hereby  enter into this First Amendment to Amended and Restated
Credit  Agreement  ("Amendment")  in  order to 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 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 $10,000,000 or Fifty Percent (50%) of the net
book  value of the company's unencumbered multifamily unit inventory completed
or  under  construction.

"Revolving  Loan  Maturity  Date"  means  March  31,1999,and  thereafter any
subsequent  date  to which the Commitment may be extended by the Bank pursuant
to  the  terms  of  Section  2(d).

"Total  Debt"  shall  mean  as of the date of determination thereof, all (i)
indebtedness  of  the Company and the Current Subsidiaries for borrowed money,
including current maturities of such     obligations, (ii) obligations secured
by  any  lien  upon  property  or  assets  owned  by  the Company or a Current
Subsidiary,  (iii)  obligations  arising under any conditional sale agreement,
(iv)  capitalized  lease  obligations, (v) all Letters of Credit issued by the
Bank  for  the  account of the Company or any Current Subsidiary, except those
Letters  of  Credit  issued  by the Bank for the account of the Company or the
Company  and  Crossmann  Partnership in support of the          obligations of
the  Company  to develop improvements with respect to the Company's Land Under
Development,  and (vi) all guaranties by the company or any Current Subsidiary
of  indebtedness  of other entities, all determined on a consolidated basis in
accordance  with  GAAP.

Section  2.  New Definition.  The following definition is added to Section 1
of  the  Agreement  as  follows:

"First  Amendment"  means that certain agreement entitled First Amendment to
Amended  and Restated Credit Agreement entered into by and between the Company
and  the  Bank  dated  as  of  March  27,  1997.

Section  3.    Revolving  Loan.    Section  2(a) of the Agreement is hereby
amended  and  restated  in its entirety and a new Section 2(i) is added to the
agreement  as  follows:

(a)     The Commitment --Use of Proceeds.  Until the Revolving Loan Maturity
Date,  the  Bank  agrees  to make Advances (collectively the "Revolving Loan")
under  a  revolving line of credit from time to time to the Company of amounts
not  exceeding  Sixty  Million  and  No/100  Dollars  ($60,000,000)  (the
"Commitment")  in  the aggregate at any time outstanding, provided that all of
the  conditions  of  lending  stated  in Sections 7(a), 7(c), and 7(d) of this
Agreement as being applicable to the Revolving Loan have been fulfilled at the
time  of  each  Advance.    Proceeds  of the Revolving Loan may be used by the
Company  only to: (i) fund the working capital requirements of the Company and
the  Current  Subsidiaries,  and  (ii)  to the extent provided herein, for the
issuance  of  Letters  of  Credit  as  provided  in  Section  2(e).

(i)      Special Repayments of Principal.  At any time the principal balance
of  the  Revolving Loan exceeds the Borrowing Base, as determined on the basis
of  the most recent Borrowing Base     Certificate furnished by the Company or
as  determined  by the Bank upon an inspection of the books and records of the
Company,  the  Company  shall  immediately repay that portion of the principal
balance  of the Revolving Loan which is in excess of the Borrowing Base.  Such
repayment  shall  be due without demand and in any event not later than thirty
(30)  days from either the effective date of the Borrowing Base Certificate or
the  date  of  an  audit completed by the Bank, on which such determination is
based.    For  purposes  of  this  Subsection,  the  principal  balance of the
Revolving  Loan shall be deemed to include an amount equal to the total amount
of  all  Letters  of Credit which are outstanding from time to time, but shall
not  be  deemed  to include those Letters of Credit issued by the Bank for the
account  of  the  Company  or  theCompany  and Crossmann Partnership issued in
support of the obligations of the company to develop improvements with respect
to  the  Company's  Land  Under  Development.

Section  4.    Financial  Covenants.  Sections 5(g)(ii) and 5(g)(iii) of the
Agreement are hereby amended and restated in their respective entireties and a
new  Section  5(g)(vii)  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 the
amount  equal to the sum of Fifty-Six Million and No/100 Dollars ($56,000,000)
plus  Fifty  Percent  (50%)  of  Consolidated  Net  Earnings  determined  on a
cumulative  basis  for  each  fiscal  quarter  ending after December 31, 1996;
provided,  that  for  the  purposes of the foregoing calculation, in the event
that  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.

(iii)    Ratio  of  Total  Debt  to Total Capitalization.  The Company shall
maintain  at all times the ratio of its Total Debt to its Total Capitalization
at  a  level  not  greater  than  0.60  to  1.00.

(vii)    Ratio  of Multifamily Inventory to Tangible Net Worth.  The Company
shall  maintain  the book value of its multifamily inventory less depreciation
at  a  level  not  exceeding  at  any  time  Twenty-Five  Percent (25%) of its
Consolidated  Tangible  Net  Worth.

Section 5.  Investments.  Section 6(d) of the Agreement is hereby amended by
the  amendment  and  restatement of clause (vii) appearing therein as follows:

(vii)    other  investments  (in  addition to those permitted by the foregoing
paragraphs  (iv),  (v), and (vi)) provided that such other investments (A) are
not  outside  the  Company's general line of business, (B) in the aggregate do
not  at  any  time  exceed  Fifteen  Percent  (15%)  of  the  Company's  Total
Capitalization,  and  (C)  after  giving  effect to such other investments, no
Event  of  Default  or  Unmatured  Event of Default shall have occurred and be
continuing;  and  ...

Section  6.    Debt.  Section 6(j) of the Agreement is hereby amended by the
addition  of  a  new    paragraph  (vii)  therein  as  follows:

(vii)    Indebtedness  related to permanent mortgage financing on multi-family
projects  constructed  and  owned  by  the  Company  or  any  of  its  Current
Subsidiaries.

Section  7.  Multifamily Construction.  Section 6 of the Agreement is hereby
amended  by  the  addition  of  a  new  Section  6(k)  as  follows;

(k)          Multifamily  Construction.  Neither the Company nor any Current
Subsidiary  shall  engage in multifamily construction outside of the States of
Indiana,  Ohio,  and  Kentucky.

Section 8.  Waiver.  The Bank hereby waives the violations by the Company in
connection  with  indebtedness  in  the  amount  of  $1,262,000 assumed by the
Company  in  connection  with the acquisition of certain assets of Tom Peebles
Builders,  Inc. of Dayton, Ohio having a maturity date of 1998.  This is a one
time  waiver  only  and  shall  not  be construed as the waiver of the same or
similar  covenant  in  the  future.

Section  9.  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 a Current Subsidiary
Deluxe  Aviation, 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  10.    Conditions  Present.    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",  and  "J"  attached  hereto.


(f)       A certified copy of the Resolutions of each of the corporate Current
Subsidiaries  authorizing  the  execution  and  delivery  of  its  respective
Reaffirmation  of  Guaranty  and any other document required to be executed by
the  respective  Current  Subsidiary  hereunder.

(g)        A certificated signed by the Secretary of the Board of Directors of
each  of the corporate Current Subsidiaries certifying the name of the Officer
or  Officers  authorized  to sign its respective Reaffirmation of Guaranty and
any  other  document  required  to  be  executed  by  the  respective  Current
Subsidiary  under this Amendment, together with a sample of the true signature
of  each  such  officer.

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

(i)      A Certificate of Existence or Good Standing, as appropriate, for each
of the Current Subsidiaries issued by the Secretary of State of the respective
State  of  its  incorporation  or  establishment.

(j)          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.
(k)     A authenticated copy of an appropriate document executed by all the of
partners  of  Crossmann  Partnership,  confirming  that  they  are  all of the
partners  of  Crossmann  Partnership, authorizing the execution, delivery, and
performance respectively, of its Reaffirmation of Guaranty, and certifying the
name  or names of the officers of the corporate partners authorized to execute
and  deliver  its Reaffirmation of Guaranty to the Bank on behalf of Crossmann
Partnership,  together  with  a  sample  of  the  true  signature of each such
officer.

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

Section  11.    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 First
Amendment  to  Amended  and Restated Credit Agreement by their respective duly
authorized  officers  as  of  this  27th  day  of  March,  1997.


                         CROSSMANN  COMMUNITIES,  INC.


                         BY:        /s/  Jennifer  A.  Holihen
                           Jennifer  A.  Holihen,  CFO  and  Secretary


                         BANK  ONE,  INDIANA,  NA

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





Exhibit  10.42  Promissory  Note

                               PROMISSORY NOTE
                               (Revolving Loan)

                                                         Indianapolis, Indiana
$60,000,000                                                                   
                                                        Dated:  March 27, 1997
                                               Final Maturity:  March 31, 1999


     On  or  before  March 31, 1999 ("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  Dollars
($60,000,000)  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 asses a late payment fee in an amount equal to
the  greater of $50.00 or five percent (5%) of the amount past due.  Each late
payment  fee  assessed  shall  be  due  and payable on the earlier of the next
regularly schedule 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.

                                 Exhibit "A"
                              Page 1 of 2 pages

     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.

     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,  CFO  and  Secretary
                                          (printed  name  and  title)


                                 Exhibit "A"
                              Page 2 of 2 pages



                                      
                                      
<TABLE>

<CAPTION>

Crossmann  Communities,  Inc.
Exhibit  11.3  -  Computation  of  Per  Share  Net  Income
For  the  Period  Ended  March  31,  1997





<S>                                                   <C>        <C>  <C>        <C>


Quarter Ended March 31, 1997:
----------------------------------------------------                                         
                                                                      Fully
                                                      Primary         Diluted
                                                      ---------       ---------              
Weighted Average Number of Shares:
         Average Common Shares Outstanding            6,125,768       6,125,768
              at March 31, 1997
         Dilutive Effect of Common Stock Equivalents
              at March 31, 1997                          67,749          74,303
                                                      ---------       ---------              
Weighted Average Shares at March 31, 1997             6,193,517       6,200,071
                                                      =========       =========              
Net Income                                            2,053,117       2,053,117
                                                      =========       =========              
Net Income per Common Share                                 .33  (1)        .33  (1)     ((!_
                                                      =========       =========              
<FN>

(1)    This  calculation  is  submitted  in  accordance  with Regulation S-K item 601(b) (11)
       although  not  required  by  footnote  2  to  paragraph  14  of  APB  Opinion  No.  15
       because  it  results  in  dilution  of  less  than  3%.
</TABLE>