DOCUMENT  -  8  1/2  X  11"
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20549
                             ____________________

                                  FORM 10-K
                             ____________________

[ x ] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act  of  1934.
                 For the fiscal year ended December 31, 1996

[      ]  Transition  Report Pursuant to Section 13 or 15(d) of the Securities
Exchange  Act  of  1934.


Commission  file  number              0-22562
<TABLE>


<CAPTION>

CROSSMANN  COMMUNITIES,  INC.
(Exact  name  of  registrant  as  specified  in  its  charter)


<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>


         SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
                                     None

      SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                       COMMON SHARES, WITHOUT PAR VALUE
                               (Title of class)

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

     Indicate  by  check  mark  if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to  the best of the registrant's knowledge, in definitive proxy or information
statements  incorporated  by  reference  in  Part III of this Form 10-K or any
amendment  to  this  Form  10-K.          [  ]

     The  aggregate market value of the voting stock held by non-affiliates of
the  registrant on March 12, 1997 was approximately $120,983,919.  As of March
12,  1997,  there  were  6,125,768  Common Shares of the registrant issued and
outstanding.


                     DOCUMENTS INCORPORATED BY REFERENCE
   Certain portions of the documents listed below have been incorporated by
             reference into the indicated part of this Form 10-K.
DOCUMENT  INCORPORATED                                  PART OF FORM 10-K
 Proxy  Statement  for  1997  Annual  Meeting  of Shareholders        Part III

                                    PART I

ITEM  1.    BUSINESS

GENERAL

     Crossmann  Communities, Inc. ("Crossmann" or "the Company")  has provided
homes  to  families  in  central  Indiana  since  1973.      Today the Company
operates  in  eight markets:  Indianapolis, Lafayette, Ft. Wayne and Columbus,
Indiana;  Columbus,  Cincinnati,  and Dayton, Ohio; and Louisville, Kentucky. 
Crossmann's  homes are targeted to entry-level and first move-up home buyers. 
In  1996,  the  average  size of one of Crossmann's new homes was 1,400 square
feet,  and  the  average  selling  price  was  approximately  $110,970.

     Crossmann  has  consistently  achieved  sales  and net income growth over
recent  years,  having  achieved  a  5-year  average compound annual growth in
revenue  of  over 40%.  The Company's success has been and will continue to be
dependent  upon  the  following  key  operating  strategies:


     1.    Focused  Market  Approach. The Company focuses on affordably priced
entry-level  and  first  move-up  single family homes, in markets  the Company
believes  have  significant  and stable long-term demand.  Management believes
that  entry-level  housing  generally allows high volume homebuilders, such as
the  Company,  to  build  a standardized product. This permits efficiencies in
construction  and  materials  purchasing that can result in high margins.  The
company  will  continue  to focus on providing product lines which address the
needs  of  this  market  segment.

     2.   Emphasis on Customer Service.  The Company is committed to providing
a  high  level of customer service as an integral component of its competitive
strategy.   The Company serves  its customer through the attention  it devotes
to  the  financial  concerns  of its customers and by producing a high quality
product.

     3.   Market Concentration. The Company currently conducts its business in
seven  major  Midwestern cities.  The Company believes that these cities enjoy
relatively  low  unemployment,  diversified  industry,  and  satisfactory
infrastructure.    The  Company  believes  that  these  characteristics, among
others,  make  these  cities  attractive  to employers, which, in turn, create
demand for housing of the type offered by the Company.  The Company intends to
explore  opportunities  to expand its homebuilding operations to  metropolitan
areas  that it believes offer stable economic characteristics similar to those
of  its  existing  markets.    The  Company  believes  that its most effective
expansion  opportunities  will  be in similar markets where it can effectively
utilize  the  strengths  of  its  operating  strategy.

     At  some time in the future the Company may consider expansion beyond the
Midwest.      It is probable that the Company will consider the acquisition of
other  homebuilders  in  connection  with  its  expansion  into new regions as
management  believes  that  this  process shortens the time required to become
profitable  in  a  new  market.

     4.  Land  Development.   Management believes that the development of land
achieves  several  strategic objectives by  (i) helping the Company to improve
its  profit  margins  by  reducing the cost of the land on which its homes are
built; (ii) ensuring the Company of an adequate supply and location of lots to
meet  market demand; (iii) allowing the Company to control the developments in
which  it  builds  its homes; and (iv) allowing the Company to construct homes
efficiently  and  more  cost-effectively  by  permitting  the  construction of
several  similar  homes  within  the  same  neighborhood  at  the  same  time.

     5.  Stringent  Cost  Controls.  The  large  number  of homes built by the
Company allows it to purchase both products and services at favorable prices. 
Additionally,  the  Company  has  relatively  few home designs, enabling it to
significantly  reduce  delays  and  expenses  associated  with  educating
subcontractors  as  to  new  design  requirements.    The Company controls its
construction  costs  through  favorable pricing negotiated with subcontractors
due  to  the  efficient  design  of  its homes.  The Company believes that its
success  in dealing with  subcontractors can be attributed to the large amount
of  work  each  subcontractor  performs for the Company and from the long-term
relationships  the  Company  has  with  most  of  its  subcontractors.


MARKETS

     Indianapolis,  Indiana.     Indianapolis is the capital of Indiana;  as a
result,  federal, state and local government offer a source of significant and
stable employment in the city.  According to the 1990 Census, the Indianapolis
metropolitan  statistical  area  ("MSA")  had  a  population  of 1,250,000, an
increase of 7.1% over 1980.  Indianapolis is a major center for manufacturing,
distribution,  insurance,  and  financial and health services.   Major private
sector  employers include the Allison Engine Company, the Allison Transmission
division  of  General  Motors,  DowElanco,  Boehringer  Mannheim  Corporation,
Thomson  Consumer  Electronics  and  Eli  Lilly & Company.  As of December 31,
1996,  metropolitan  Indianapolis had an unemployment rate of 2.6% as compared
to  the  national  average of 5.4%. The city is located at the intersection of
four major interstates, and one-quarter of the nation's population is within a
day's  drive.    A $1 billion aircraft maintenance hub for United Airlines has
recently begun operations, and a $62 million express mail sorting facility for
the  U.S.  Postal  Service  has  recently  been  completed.

      Crossmann  delivered  more  single-family  detached  homes  in  the
Indianapolis  metropolitan  market  than  any  other homebuilder in 1996.  The
Company  operates  in each of the eight counties in metropolitan Indianapolis,
offering  homes  that  range  in  price from $74,900 to $150,000.  The Company
currently  is offering homes in 45 communities.  The Company traditionally has
focused  its  development  efforts  in  areas that offer a commute to downtown
Indianapolis  of  30  minutes  or less, which represents a distance of no more
than  30  miles.  The Company believes that further growth opportunities exist
in  areas  located  further  from  downtown  Indianapolis  than  the  Company
traditionally  has  focused,  although  there  can  be  no assurance that such
opportunities  will  benefit  the  Company.

     Southern  Indiana.   In December 1995, the Company opened a new office in
Columbus,  Indiana  to  serve  communities  south  of  Indianapolis  that have
experienced  job growth in recent years.  From this office the Company manages
construction in 13 communities in Columbus, Bloomington, Franklin, Greensburg,
Seymour,  and  Shelbyville,  Indiana.

     Lafayette,  Indiana.    Lafayette  is  located  approximately  66  miles
northwest  of  Indianapolis.  The Lafayette metropolitan area had a population
of  130,598  according  to  the  1990  Census.  West Lafayette is the  home of
Purdue  University,  which  is  the  city's  largest  employer.    Other major
employers  in  the  Lafayette  metropolitan area include Subaru-Isuzu America,
Inc.,  Wabash  National  Corporation,  Alcoa,  Great  Lakes  Chemical and A.E.
Staley.    As of December 31, 1996, metropolitan Lafayette had an unemployment
rate  of  2.3%  as  compared  to  the  national  average  of  5.4%.

     Crossmann  delivered  more  single-family detached homes in the Lafayette
metropolitan  market  than  any  other  homebuilder in 1996.  The Company does
business  in one county which comprises metropolitan Lafayette, offering homes
that  range  in  price  from  $79,900  to  $135,000.  The Company currently is
offering  homes  in    4  communities  in  the  Lafayette  metropolitan  area.

     Ft.  Wayne,  Indiana.   Ft. Wayne is the second largest city in Indiana. 
According to the 1990 Census, the population of the Ft. Wayne MSA was 455,831.
 As  of  December 31, 1996, metropolitan Ft. Wayne had an unemployment rate of
2.8%  compared to a national average of 5.4%.  Major employers include Lincoln
National  Corporation,  General  Motors  Truck  and Bus, General Electric, ITT
Aerospace,  and Dana Corporation.   Crossmann has lot purchase agreements in 8
communities  within  the  Ft.  Wayne  MSA.

     Columbus,  Ohio.   Columbus is the capital of the state of Ohio and, as a
result,  federal, state and local government offer a source of significant and
stable  employment  in the city.  The 1990 Census showed that the Columbus MSA
had  a  population  of  1,377,000, which represented an increase of 10.7% over
1980.  The unemployment rate for the Columbus MSA for 1996 was 3.0%, which was
below  the  national  average  of  5.4%.    Columbus is the home of Ohio State
University,  which has one of the largest single college campus populations in
the  world  and  an  annual  budget  that  exceeds  $1 billion.  Major private
employers  in Columbus include The Limited, Inc., Nationwide Insurance, Lucent
Technologies,  Honda  of  America,  and  Banc  One  Corporation.   The Company
currently  offers  new  homes  in  18 communities in the Columbus metropolitan
area.

     Cincinnati,  Ohio.    The  Cincinnati,  Ohio  metropolitan  area  had  a
population of 1,744,124 in 1990  and is the second largest MSA in Ohio.  It is
a  major  cultural and recreation center.  Cincinnati had an unemployment rate
of  4.5%  in  1996  compared  to  a national average of 5.4%.  Major employers
include  U.S.  and  local  government  agencies,  Procter  &  Gamble  Co., the
University  of  Cincinnati,  the  Kroger Co., and  G.E. Aircraft Engines.  The
Cincinnati  International  Airport  is  a  major hub for Delta Airlines.  Last
year,  1995, was the first full year of operations for the Cincinnati office. 
Crossmann  owns  lots and has land purchase agreements in 9 communities within
the  Cincinnati  MSA.

     Dayton,  Ohio.    In  December  1995,  the Company opened its first sales
office  in  Dayton,  Ohio.    In April of 1996, the Company increased its land
position  with the acquisition of the assets of Tom Peebles Builders, Inc., an
established  Dayton  homebuilder.  Today the Company operates in 8 communities
in  Dayton.

     The  Dayton  metropolitan area had a population of 951,270 in 1990 and an
unemployment  rate of 4.2% at December 31, 1996 compared to a national average
of  5.4%.    Major  employers include Wright-Patterson Air Force Base, General
Motors,  Airborne  Express,  Elder-Beerman Stores, and Navi-Star International
Trans.  Corp.    The Company has 57 lots under development, ready for new home
construction  in  the  first  quarter  of  1996.

     Louisville,  Kentucky.  In December 1995, the Company opened a new office
in  Louisville.   The Louisville metropolitan area had a population of 980,860
in 1990, and an  unemployment rate as of December 31, 1996 of 4.0% compared to
a  national  average  of 5.4%.  Major employers include UPS, General Electric,
Ford  Motor  Co.,  Columbia Health Care, Inc. and Humana.  Crossmann began its
marketing  efforts  in Louisville late in 1996 and currently offers homes in 6
Louisville  communities.

PRODUCT  LINES

     The  Company  sells  homes  under the names "New American Homes," "Deluxe
Homes"  and  "Trimark  Homes."    Within these product categories, the Company
offers  a variety of floor plans and exterior styles with two, three, and four
bedrooms,  two or more bathrooms and a two-car attached garage.  Contracts for
the  sale  of  homes  are  at  fixed retail prices.  Standard features of each
product  line  include  built-in  appliances  and  custom wood cabinets in the
kitchen,  wall-to-wall  carpeting, a high-efficiency furnace, maintenance-free
vinyl  siding,  landscaped  yard  and  poured  concrete  walks,  porches  and
driveways.    Purchasers  are  given  the opportunity to select, at additional
costs,  such  amenities  as patios or decks, wood windows, skylights, upgraded
carpeting  and  flooring,  a  fireplace  or  a  basement.

     Each  of the Company's product lines is targeted at entry-level and first
move-up  buyers  and,  although  there are similarities among the homes in the
different  product  lines,  New  American Homes tend to be smaller and include
fewer standard amenities than Deluxe Homes or Trimark Homes, and Trimark Homes
tend  to  offer  greater living space and include more standard amenities than
New  American  Homes  or Deluxe Homes.  In 1996 the average price of the homes
sold in these categories was $90,400 for the New American Homes line, $108,300
for  the  Deluxe  Homes  line  and  $123,100  for  the  Trimark  Homes  line.

     The  Company  intends  to remain focused on delivering housing desired by
entry-level  and  first  move-up  buyers.  It will explore modification of its
existing  product  lines or creation of new product lines when local marketing
efforts  indicate  changes  will  appeal  to  this  segment.

CONSTRUCTION

     The  Company  acts  as the general contractor for the construction of its
residential  communities.   The Company's construction supervisors monitor the
construction  of  each  home,  participate  in  design and building decisions,
coordinate  the  activities  of subcontractors and suppliers, maintain quality
and  cost  controls  and  monitor  compliance  with zoning and building codes.
     The  construction  of  detached  single-family  homes  by  the Company is
generally  tied  to home buyer sales contracts to minimize the costs and risks
of  completed  but  unsold  inventory.  When a buyer has received pre-approval
from  a  mortgage  company  for  his  or her financing, the Company develops a
budget  for  the construction of the house, which takes into account the model
of  the  home,  the  options  selected and the lot on which the house is to be
constructed.    A contract is entered into with the buyer on the basis of this
budget.

     Construction  time  for  each  home  is  tied  to a construction schedule
established  for each of the Company's home types.  The Company's construction
schedules  range  in duration from 60 to 120 days. Variances from the schedule
are  infrequent but may occur due to weather conditions or the availability of
labor,  materials  and  supplies.

     Once  a  contract  has been signed, a "house work order" is generated and
sent  out to the Company's field supervisor and to each subcontractor who will
work  on  the  home.    The  house work order describes each task that must be
completed to build the house and the materials required to complete the task. 
Subcontractors  prepare  vouchers on the basis of a price list provided by the
Company  which  specifies  the  current rate that the Company will pay for the
nature  of the task completed and the materials used.  Price lists are updated
periodically based on changes in the costs of raw materials and other factors.
 Vouchers  prepared  by the subcontractor must be reviewed and approved by the
field  supervisor  before  they  are  paid  by  the  Company.

     The  use of subcontractors enables the Company to minimize its investment
in  direct  employee labor, capital, equipment and building supply inventory. 
This  practice  also  increases  the  Company's  flexibility  in responding to
changes  in  the  demand  for  housing.    The  Company  has had long business
relationships  with  many of its subcontractors.  These relationships, coupled
with the volume of homes built by the Company, enable the Company to negotiate
favorable  agreements  with  its  subcontractors.

     The  Company's    office  staff  is  responsible  for  sales  processing,
estimating, architectural design, centralized purchasing, contract management,
home  site planning, obtaining governmental approvals, closing, accounting and
warranty  service,  among  other  responsibilities.   The Company's management
information  system  is designed to monitor the progress of each home built by
the  Company,  from acceptance of a sales contract to delivery of the complete
home  to  the  buyer.    Corporate  headquarters  also  monitors  the vouchers
submitted  by  the  Company's  sub-contractors.    Variances  in the submitted
vouchers  from  the  established  price  lists  are  reviewed  and,  where not
reasonable  under  the  circumstances,  are  charged  back  to  the  vendor.

     Despite  seasonal  changes  in  the weather, the Company has maintained a
construction  schedule  throughout  the  entire  year.    To  permit  winter
construction,  the Company pours additional slab foundations during the fall. 
The  cost  of  these  additional  foundations  is  not  significant.  However,
additional  construction charges are incurred due to such factors as temporary
heating  costs, additives to concrete, extra utility charges and the placement
of  temporary  stone  driveways,  sidewalks  and  landscaping.

     Except as necessary to maintain customer satisfaction with the aesthetics
of  its product lines, the Company does not materially change its home designs
and  floor  plans from year to year.  The Company believes that consistency in
the  design  of  its  homes helps reduce costs and minimize delays by avoiding
expenses associated with educating subcontractors on the requirements of a new
design.    Where  practical,  the  Company  uses  mass  production techniques,
construction  on  contiguous  lots, and prepackaged standardized components to
streamline  the  on-site  construction  phase.

     The Company maintains small inventories of some construction materials in
addition  to  the  construction  materials  for work in process of homes under
construction.    The  Company  has  not  experienced any significant delays in
construction  due  to  shortages  of  materials  or  labor.

LAND  ACQUISITION  AND  DEVELOPMENT

     The  Company  typically  acquires  unimproved  land  through  contingent
purchase  agreements.  Closing  of  the  land  is contingent upon, among other
things,  the  Company's  ability  to  obtain  necessary  zoning  and  other
governmental  approvals  for  the  proposed  development,  confirmation of the
availability  of  utilities  and  completion  of  an  environmental  review.
     Once  the  land  has  been  purchased, the Company undertakes development
activities that include site planning and engineering, as well as constructing
roads,  sewer,  water  and  drainage  facilities  and  other  amenities.   The
activities  are  carefully  managed,  with  phases  geared  to  the  Company's
projected sales.  Generally, management of the Company attempts to maintain an
inventory of "finished" lots sufficient for approximately half the homes which
the  Company  anticipates  it  will  construct  during the next 18 months.  In
addition,  the  Company  maintains an inventory of raw land in anticipation of
its  needs for a period of 18 to 36 months in the future.  The following chart
summarizes  the  Company's  available  lot  inventory as of December 31, 1996.

<TABLE>

<CAPTION>



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

                              Finished  Lots Under   Raw Land            Under
                              Lots      Development  (Est. Lots)  Total  Option

Indianapolis . . . . . .           627          954          775  2,356   3,626
Lafayette. . . . . . . .            38           72          163    273     648
Ft. Wayne. . . . . . . . .         161          -0-          -0-    161     118
Columbus. . . . . . . .            236           84          550    870     234
Cincinnati. . . . . . . .           82          274          543    899     159
Southern Indiana . .               190          162          128    480     338
Dayton . . . . . . . . . . .       156          284          706  1,146     143
Louisville . . . . . . .            46          -0-          -0-     46      81
                              --------  -----------  -----------  -----  ------
                                 1,536        1,830        2,865  6,231   5,347
                              ========  ===========  ===========  =====  ======

</TABLE>



      In  addition  to purchasing  unimproved land outright, the Company  from
time  to  time has used partnerships and joint ventures to acquire and develop
land.       Joint ventures  sell finished lots to builders, including, but not
limited  to,  the  Company.    The  Company  will  continue  to  consider such
partnership  and  joint  venture  arrangements  in  the future when management
perceives  a favorable opportunity.  In 1996, the Company was a participant in
seven  such  joint  ventures.

     The  development of land is extremely capital intensive, and as a result,
the  Company's  ability  to  develop  land  is  limited.  In 1996, the Company
developed  approximately  56%  of  the  lots  on  which  its homes were built,
compared  to  approximately  50%  in  1995.    In  1997  the  Company  expects
approximately  half  of  its  houses  will  be built on lots it has developed.

 MARKETING  AND  SALES

     The  Company  sells  its  homes  through  a  sales  force of commissioned
independent  contractors  ("New  Home Counselors") who work from sales offices
located  at  the  Company's  headquarters  and in model homes located in each 
residential  community.  New Home Counselors of the Company advise prospective
buyers  throughout  the  home  buying  process by providing information on the
Company's  product  lines  of  homes, pricing, options and upgrades, financing
options,  warranties  and  construction.

     The  Company's  New  Home  Counselors  advise  buyers,  many  of whom are
first-time  home  buyers,  on available financing options.  The Company builds
most  of  its  homes  under  the  guidelines and specifications of the Federal
Housing  Administration  (FHA)  and  the Veterans Administration (VA), thereby
offering  eligible  buyers  the  benefit  of  FHA/VA  mortgages.   The Company
believes  that  such  counseling  and  the availability of FHA/VA financing is
important  to  its  overall success in that many entry-level and first move-up
buyers  have  limited  financial  resources.

     New  Home Counselors contract  with the Company, and the Company attempts
to  maintain  long  term  relationships with them.  New Home Counselors attend
weekly  sales meetings at which they are kept apprised of changes in available
financing  options  and  other  information relevant to prospective buyers and
semi-annual  seminars offered by the Company on a variety of marketing topics.

     The  Company does most of its advertising in the classified advertisement
section  of local newspapers.  The Company also attracts buyers as a result of
referrals,  directional  signs  and  direct  mailings.   From time to time the
Company  may  participate  in  television  and  radio  advertising promotions.

     The  Company  offers  a Guaranteed Sale  Program to certain buyers having
existing  homes which they intend to sell before purchasing a home constructed
by  the  Company.    Under the Guaranteed Sale Program the Company will assist
the  buyer  in selling his or her existing home and, if that home is unsold at
closing, the Company will purchase the buyer's home at a predetermined price. 
Management  of  the Company believes that the Guaranteed Sale Program has been
an  effective  marketing  tool  for the Company as many prospective buyers are
hesitant  to purchase a new home until they are certain that they will be able
to  sell  their  existing  residence.    Sales to new home buyers who executed
contracts  under  the  Guaranteed Sale Program contributed approximately $14.6
million  to  1996  sales.

FINANCING

     The  Company assists its customers in financing their new home in several
ways.   First, the Company's New Home Counselors are available to consult with
the  customers  on available financing options to determine how much house the
individual can afford.  Second, the Company builds most of its homes under the
guidelines  and  specifications  of the Federal Housing Administration and the
Veterans  Administration,  thereby  providing  eligible prospective buyers the
added  benefit  of  the availability of FHA/VA mortgages.  This is significant
because  FHA  and  VA financing generally enable buyers to purchase homes with
lower  down  payments than the down payments required by conventional mortgage
lenders  and  allows applicants to direct a larger percentage of their incomes
toward  housing  expenses.    The  FHA/VA  insured mortgages also provide more
liberal  rules with respect to the amount of points and closing costs that the
seller  may  pay.    In  1996, approximately 64% of the homes delivered by the
Company  were  financed  with  FHA/VA  mortgages.

     As  is  typical  in  the  homebuilding industry, the Company's home sales
contracts  generally  provide that the Company will pay on behalf of the buyer
the mortgage loan closing costs, origination fees and discount points incurred
by  the  buyer,  within  limits  established  in the sales contract and not in
excess  of  the  maximum amounts allowable by the government mortgage programs
utilized  by  the  Company.

 MORTGAGE  BROKERAGE  SUBSIDIARY

     The  Company  has  established a mortgage brokerage subsidiary, Crossmann
Mortgage  Corp.    Crossmann Mortgage Corp. was certified by FHA, a program of
the  federal  Department  of Housing and Urban Development in July 1994.  Once
certified, the subsidiary began processing FHA, VA, and conventional loans and
selling   the servicing rights.  The  revenue of this subsidiary  is comprised
of  origination  fees  and  servicing release fees, and its expenses primarily
include  administrative personnel salaries and other general office expenses. 
Crossmann  Mortgage Corp.  does not endorse, warehouse or fund loans and, as a
result,  does  not incur a credit risk or market risk associated with loans it
originates.

 CUSTOMER  SERVICE  AND  QUALITY  CONTROL

     It  is the view of the Company's management that the Company is primarily
a  service  company  rather  than a manufacturing concern.  This philosophy is
reflected  in  the  way  the Company treats its customers before and after the
sale.

     Before the sale, the Company's New Home Counselors work with the customer
to select from available options in order to customize their new home to their
particular taste.  Once an application has been approved and construction on a
new  home commenced, the Company encourages the buyer to visit the site during
the  construction  process.    Before a buyer takes occupancy of a new house a
pre-inspection  tour  is  conducted with the buyer to ensure that the buyer is
satisfied  with  the  condition  of  the  home  and  to attempt to correct any
problems  before  the  buyer  takes  possession.    When  the buyer visits the
Company's  administrative  office  to  make  color selections and complete the
house  work  order,  the  Company  provides  the new homeowner with a detailed
checklist  which  describes  the  items  covered  by  the Company's warranty. 
Approximately  30  days  after closing, representatives of the Company place a
courtesy  call  to the new homeowner to enable him or her to ask any questions
that  have  arisen  since  they  took possession.  Customers are encouraged to
request  an  additional  walk-through  of the home approximately 90 days after
closing.  Finally, the Company also offers its customers a final inspection on
the  first  anniversary  of  the  closing  to  check  the home for items to be
submitted  for  warranty  action  and  to discuss any items which the customer
believes  warrant  the  Company's  attention.

     Each home sold by the Company is covered by a comprehensive warranty from
an  independent  HUD approved warranty company.  The warranty extends coverage
for  ten years for structural matters, four years for the roof of the home and
two  years  for  other specified items.  By maintaining this warranty program,
the  Company  is  required  to  undergo  one inspection, rather than three, to
qualify  for  FHA/VA  financing,  thereby  reducing  the  cost  and time delay
associated  with  such  inspections.

 COMPETITION  AND  MARKET  FACTORS

     The development and sale of residential properties is highly competitive.
 The Company competes in the sale of homes with the resale market for existing
homes  and  with  other  homebuilders.

     The  Company  competes  for residential sales on the basis of a number of
interrelated  factors,  including  location,  reputation,  amenities,  design,
quality  and  price.    Management believes that entry-level housing generally
allows  high  volume  homebuilders,  such  as  the  Company,  to  build a more
standardized  product,  thus  permitting  efficiencies  in  construction  and
materials  which  can  result  in  higher  margins.    Some  of  the Company's
competitors  have  greater  financial,  marketing and sales resources than the
Company.

     The  Company  also competes for residential sales with individual resales
of  existing  homes  and  condominiums and with available rental housing.  The
resale  market  for  existing  homes  has  several attractions for home buyers
including  the  following:    (i)  buyers of existing homes can generally take
occupancy  of  their  homes  more  quickly;  (ii) sellers in the resale market
generally  have  a  lower  basis  in  their homes and therefore may have price
expectations  different  from  those of sellers of new homes; and (iii) resale
homes  are  generally  located  in  established  neighborhoods.    The Company
attempts  to  meet  this  competition  from the home resale market by offering
benefits which this market cannot provide, notably the latest design features,
the  flexibility to select interior and exterior finishes, new home warranties
and  more  desirable  locations  from  which  to  choose  a  home  site.

     The Company believes that a competitive challenge facing it in all of its
present  markets  is  locating and acquiring undeveloped land suitable for the
types  of  communities  which it can profitably develop.  Although the Company
has  been successful in the past in locating and developing such tracts within
its  present  markets,  there  can  be  no  assurance  that  this success will
continue.   If the Company expands the geographic scope of its business to new
markets,  there  can  be  no  assurance that the Company will be successful in
acquiring  suitable  land  for  development  in  such  markets.

     The  housing  industry  is  cyclical  and affected by consumer confidence
levels  and  prevailing economic conditions in general and by job availability
and interest rate levels in particular.  A variety of other factors affect the
housing  industry  and  demand  for  new  homes,  including  changes  in costs
associated  with home ownership such as increases in property taxes and energy
costs, changes in consumer preferences, demographic trends and availability of
and  changes  in  mortgage  financing  programs.

TRADEMARKS

     "Trimark"  is  a  federally  registered  service  mark  for  real  estate
development  services  that is owned  by the Company.  The Company has not yet
registered  its  "Deluxe"  trademark.   "Crossmann Communities" is a federally
registered  service  mark  for  construction  planning, laying out residential
communities  and  residential  construction  services  that  is  owned  by the
Company.

EMPLOYEES

     At  December  31,  1996,  the  Company had 289 full-time employees and 10
part-time  employees.  The Company is not a party to any collective bargaining
agreements.    The Company considers its relationship with its employees to be
good.

GOVERNMENT  REGULATIONS  AND  ENVIRONMENTAL  MATTERS

     The  housing industry and the Company are subject to various local, state
and  federal  statutes,  ordinances,  rules and regulations concerning zoning,
resource  protection,  building  design,  construction  and  similar  matters,
including  local  regulations  which  impose  restrictive  zoning  and density
requirements in order to limit the number of residences that can eventually be
built  within  the  boundaries  of  a  particular  location.   Furthermore, in
developing  a  project  the  Company  must  obtain  the  approval  of numerous
governmental  authorities  regulating  such matters as permitted land uses and
levels  of  density  and  the  installation  of  utility  services  such  as
electricity,  water  and  waste  disposal.

     The  length  of  time necessary to obtain permits and approvals increases
the  carrying  cost  of  unimproved  property  acquired  for  the  purpose  of
development  and  construction.    In addition, the continued effectiveness of
permits  already  granted  is  subject to factors such as changes in policies,
rules  and  regulations  and  their  interpretation  and  application.    Such
regulation affects construction activities and may result in delays, cause the
Company  to  incur  substantial  costs  and  prohibit  or  severely  restrict
development  in  certain environmentally sensitive regions or areas.  To date,
the  governmental  approval  processes discussed above have not had a material
adverse  effect on the Company's development activities.  In addition, because
the  Company  purchases  land  contingent  upon  necessary zoning, restrictive
zoning  issues  also  have  not had a material adverse effect on the Company's
development  activities.   However, there is no assurance that these and other
restrictions  will  not  adversely  affect  the  Company  in  the  future.

     The  Company generally will condition its obligation to purchase land on,
among  other  things, an environmental review of the land.  However, there can
be  no assurance that the Company will not incur material liabilities relating
to  the  removal of toxic wastes or other environmental matters affecting land
owned  by  the Company or land which the Company no longer owns.  To date, the
Company has not incurred any liability relating to the removal of toxic wastes
or  other environmental matters and to its knowledge has not acquired any land
with  environmental  problems.


ITEM  2.  PROPERTIES

     The  Company leases approximately 20,000  square feet of office space for
its  headquarters  and  Indianapolis  building division at 9202 North Meridian
Street  in Indianapolis, Indiana from Pinnacle Properties LLC, an entity owned
by  the  Company's  Chairman of the Board and Chief Executive Officer, John B.
Scheumann, and its President and  Chief Operating Officer, Richard H. Crosser.
 The  monthly  rent  on  the  lease  is  $15,609.    The Company's subsidiary,
Crossmann  Mortgage  Corp.,  leases  separate  space within the same building,
approximately  4,000  square  feet,  at  $4,354  per month. The Company's real
estate brokerage subsidiary, Merit Realty leases approximately 953 square feet
in  the  same building at $1,032 per month.   The leases expire March 1, 1999.

     The  Company  also  leases  approximately  5,000 square feet of warehouse
space at 9202 North Meridian Street from Pinnacle Properties LLC.  The monthly
rent  is  $2,708.    Management believes that the terms of these leases are no
less  favorable to the Company than terms available from unrelated third party
lessors.

<TABLE>

<CAPTION>

     The  Company's  other  divisions  occupy  rented  space  in their respective communities as
follows:


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

                         Located in      Square Feet  Monthly Rent   Expires          Extensions


Southern Indiana .       Columbus, IN          1,880  $       1,880  December   1998  yes
Lafayette . . . . . . .  Lafayette, IN         5,268          3,167  August     2000  yes
Ft. Wayne . . . . . .    Ft. Wayne, IN         2,500          1,600  February   1997  yes
Columbus . . . . . .     Westerville,OH        6,642          4,709  December   2000  yes
Cincinnati/Dayton        Mason, OH             3,686          3,533  June       2001  yes
Louisville . . . . . .   Louisville, KY        1,766          1,803  September  1997  yes

</TABLE>



ITEM  3.    LEGAL  PROCEEDINGS

     The  Company  from  time  to  time  is  involved  in  routine  litigation
incidental to its business.  The Company does not believe that any liabilities
resulting  from  litigation  to which it is a party will materially affect the
Company's  financial  position  and  results  of  operations.


ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY-HOLDERS

     At its annual meeting held May 22, 1996, Crossmann's management submitted
to  the  shareholders a proposal to increase the number of shares available to
employees  under  its incentive option plan.  Under the proposal the number of
shares  authorized  was  increased  from  325,000  to  625,000.  A majority of
shareholders  approved  the  proposal.



                                    PART II

ITEM  5.    MARKET  FOR  REGISTRANT'S  COMMON EQUITY AND RELATED SHAREHOLDERS'
MATTERS

     The  Company's  common  shares trade on the Nasdaq Stock Market under the
symbol:  "CROS."    During  the year ended December 31, 1996, the high closing
sales  price  per  share  as reported by the Nasdaq National Market System was
$21.75.    The  low  closing  sales  price  per  share  was  $15.75.
<TABLE>

<CAPTION>

     High  and  low  share  prices  for  the  last  two  fiscal  years  were:


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

                       1995                  1996
Quarter ended  High          Low     High          Low
-------------  ------        ------  ------        ------
March 31       $ 9.50        $ 5.25  $21.00        $17.50
June 30         11.00          8.75   21.75         17.50
September 30    16.00         10.50   19.75         16.25
December 31     19.00         14.00   19.38         15.75
</TABLE>



     The  closing sale price of the Company's Common Shares as reported on the
Nasdaq National Market System on March  12, 1997 was $19.75.  As of March  12,
1997,  there  were  51  holders of record of the Company's Common Shares.  The
Company's transfer agent estimates that there are approximately 920 beneficial
owners  of  the  Company's  Common  Shares.
     The  transfer  agent  for  the  Company's common shares is American Stock
Transfer  &  Trust.    Its  address  is  40  Wall  Street, New York, NY 10005.

     The  Company  has not paid dividends since its initial public offering in
October  1993.    It    anticipates  that  future earnings will be retained to
finance  the  continuing  development  of its business and does not anticipate
paying  cash  dividends  on  its Common Shares in the foreseeable future.  The
payment  of  future dividends will be at the discretion of the Company's Board
of Directors and subject to consent of its primary lenders.  Payment of future
dividends  will  depend upon, among other things, future earnings, the success
of  the  Company's  expansion  activities,  capital  requirements, the general
financial  condition  of  the  Company  and  general business conditions.  The
Company  is  party  to credit agreements with noteholders and commercial banks
that  restrict  its  ability  to pay cash dividends with respect to the Common
Shares.    (See  "Item  7.  Management's  Discussion and Analysis of Financial
Condition  and  Results  of  Operations.")


ITEM  6.    SELECTED  FINANCIAL  DATA

     The  following  is  selected audited  consolidated financial data  of the
Company  for    the  five  years  ended  December 31, 1996.  The financial and
operating  data  for the year ended December 31, 1992 is derived from combined
financial  statements  of  the "Deluxe Entities," predecessor companies of the
Registrant.    The  data  should  be  read  in  conjunction with "Management's
Discussion  and  Analysis of Financial Position and Results of Operations" and
the consolidated financial statements of Crossmann Communities, Inc. and notes
thereto  contained  elsewhere  in  this  Form  10-K.

     Concurrent  with  the  initial  public  offering  of  shares, the Company
acquired  the  Deluxe   Entities, an  unrelated company operating in Columbus,
Ohio  called  Deluxe  Homes  of  Columbus, Inc. and the newly formed Crossmann
Mortgage Corp.  The  unaudited pro forma information  presented for 1993 shows
 the  results of operations as though the initial public offering, termination
of  the  S  corporation elections, acquisitions of the Deluxe Entities, Deluxe
Homes  of  Columbus,  Inc.,  and  Crossmann  Mortgage  Corp.  occurred  at the
beginning  of  the  year.



<PAGE>
<TABLE>

<CAPTION>

                     SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA
                    (in thousands, except per share and operating data)


                           Year  Ended  December  31,


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

                                                1992     1993      1994      1995      1996
STATEMENT OF OPERATIONS DATA:
  Sales                                      $59,360  $83,750  $112,140  $177,590  $229,485
  Gross Profit                                13,494   18,575    24,494    35,704    48,051
  Income from operations                       5,741   10,540    12,566    18,621    24,854
  Income before income taxes                   5,858   10,649    12,791    18,630    24,668
  Income  taxes (1)                                       700     5,040     7,519     9,603
  Net income                                            9,949     7,750    11,111    15,065
  Net income per common share                                      1.28      1.83      2.47

  Pro forma sales (2)                                  91,597   112,140   177,590   229,485
  Pro forma net income (2)                              6,445     7,750    11,111    15,065
  Pro forma net income per common share (2)              1.06      1.28      1.83      2.47
  Pro forma average common shares
    outstanding                                         6,070     6,070     6,075     6,100

OPERATING DATA:
  Number of closings (3)                         616      852     1,073     1,675     2,068
  Pro forma number of closings                            938
  Average home sales price                   $95,909  $97,400  $104,250  $106,024  $110,970
  Homes in backlog (3)                           219      366       345       757     1,006

BALANCE SHEET DATA:
  Cash                                       $   357  $ 3,651            $  5,233  $    100
  Inventories and properties
    held for development or sale              17,206   34,976    54,667    69,683   113,202
  Total assets                                19,079   44,621    62,026    83,954   128,336
  Notes Payable                                3,311   11,583    20,554    25,472    48,464
  Total shareholders' equity                   9,289   25,267    33,011    44,212    59,649
<FN>


(1)        Prior to October 26, 1993, the Deluxe Entities were S Corporations and therefore
made  no  provision  for  income  taxes.

(2)     1993 financial data includes pro forma adjustments for the initial public offering,
acquisitions of the Deluxe Entities and Deluxe Homes of  Columbus, Inc., the acquisition of
 land, and a provision for income taxes calculated using an assumed rate of 40%.  The 1994,
1995,  and  1996  data  reflect  actual  results.

(3)        A home is included  in "closings" when title is transferred to the buyer.  Sales
and cost of sales for a house are recognized at the date of closing.  A home is included in
"backlog"  after  a  sales  contract  is executed and prior to the transfer of title to the
purchaser.    Because the closings of pending sales contracts are subject to contingencies,
no  assurances  can  be  given  that  homes  in  backlog  will  result  in  closings.

</TABLE>




<PAGE>
ITEM  7.      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
RESULTS  OF  OPERATIONS.


OVERVIEW

     Certain  statements  in  this  section  are  "forward-looking statements"
within  the  meaning  of  the Private Securities Litigation Act of 1995.  Such
statements  involve  known  and unknown risks, uncertainties and other factors
that  may    cause  actual  results  to  differ  materially.    Such  risks,
uncertainties  and  other  factors include, but are not limited to the factors
described  below.

     During  the five-year period ended December 31, 1996, the Company's sales
increased  at  an  average  compound annual rate of 40.5% per year, from $59.4
million  in  1992  to  $229.5  million  in  1996.   Income before income taxes
increased  at an average compound annual rate of 44.75%, from $5.9 million  in
1992  to  $24.7  million  in 1996.  During the three years since the Company's
initial public offering of shares, net income increased at an average compound
annual  rate  of 33%, and  shareholders' equity increased from $9.3 million as
of  December  31,  1992  to  $59.6  million  as  of  December  31,  1996.

     While  Crossmann's  management  is committed to growing the Company in  a
controlled and profitable manner, there are many factors outside the Company's
control.   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 growth in the Company's
sales  is principally attributable to increased unit sales, as price increases
have  been  moderate.    Future  increases  in sales and profitability will be
largely  dependent  upon  the  ability  of  management to expand the Company's
operations  in its current markets or in any new markets and continued control
of  operating  costs.

     There  can be no assurance that these trends will continue, nor can there
be  any   assurance that the Company will be able to successfully transfer its
business  strategy  to  new  market  areas,  that  new  markets will offer the
opportunities and stability of the Company's existing markets, that government
sponsored mortgage programs will not be changed or withdrawn, or that interest
rates  will  not  change  substantially.



RESULTS  OF  OPERATIONS
<TABLE>

<CAPTION>

     The  following  table sets forth certain data relating to the operations of
the  Company  for  the  years  ended  December  31,  1994,  1995  and  1996:



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

                                                      December 31
                                                      ------------              
                                                1994          1995          1996
                                         -----------  ------------  ------------

Closings (for the period ended)                1,073         1,675         2,068
Homes in backlog . . . . . . . . . . .           345           757         1,006
Aggregate sales value in backlog         $36,258,810  $ 79,598,550  $108,084,640
Average sales price of backlog.          $   105,098  $    105,150  $    107,440
</TABLE>




     Management believes that a substantial portion of the homes in backlog at
December  31,  1996  will  be  closed  prior  to June 30, 1997, but because of
weather  conditions, there can be no assurance as to the quarter in which such
closings  will  occur.

YEAR  ENDED  DECEMBER  31,  1996  COMPARED  TO  YEAR  ENDED  DECEMBER 31, 1995

     Sales  increased  by  $51.9  million, or approximately 29.2% in 1996 over
1995.   Sales were higher primarily as a result of increased unit sales; 2,068
units  were  sold  in  1996  compared  to 1,675 in 1995.  Sales were up in all
divisions  except  Ft.  Wayne  where  they  were  down  slightly.   Management
attributes  increased  volume  in its markets to aggressive marketing programs
and  to the comparatively high value of the product compared to others offered
in  the marketplace.  Average selling price was also higher, $110,970 in 1996,
compared  to  $106,024.    The  average selling price is higher because of the
higher contribution of sales from Ohio.  In Crossmann's Ohio markets, most new
homes  are  sold with basements while in Indiana, most new homes are sold on a
slab  foundation.  The market preference for basements causes a higher selling
price  in  the  Ohio  divisions.

     Gross  profit  increased  by $12.3 million, or approximately 35%, for the
year,  representing  20.9% of sales in 1996 as compared to 20.1% in 1995.  The
increase  in  gross profit as a percentage of sales is attributable in part to
moderating  interest  rates resulting in lower contributions by the Company to
customers'  mortgage  loan  discount  points.    The  Company  is permitted to
contribute  up  to  six  percent  of  the  selling price toward closing costs,
origination fees, and discount points under FHA and VA financing rules, and is
more  likely  to  make  such contributions during periods of volatile interest
rates.

     Selling,  general  and administrative expenses  increased as a percentage
of  sales  from  9.6% in 1995 to 10.1% in 1996.   Management believes that the
increase  reflects  higher general and administrative expenses incurred by the
newer  homebuilding  divisions  in Southern Indiana and Louisville, Kentucky. 
Management believes that higher volume in these divisions in 1997 will help to
offset  this  overhead  in  future  periods.

     Due  primarily  to the increase in unit sales, income before income taxes
for  1996  increased  approximately  $6  million  over  1995,  or 32.4%.  This
represents an increase from 10.5% of sales in 1995 to 10.7% of sales in 1996. 
Net income as a percentage of sales was 6.6% in 1996 compared to 6.3% in 1995.
 Net  income  increased $3.9 million or 36%.  The Company's effective tax rate
was  38.9%  in  1996  as  compared  to  40.3%  in  1995.


YEAR  ENDED  DECEMBER  31,  1995  COMPARED  TO  YEAR  ENDED  DECEMBER 31, 1994

     Sales increased by $65.5 million, or approximately 58% in 1995 over 1994,
primarily  as  a result of increased unit sales; 1,675 units were sold in 1995
compared  to  1,073  in 1994.  Sales were up in all divisions except Lafayette
where they were approximately flat.  The  Ft. Wayne and Cincinnati offices, in
their  first  full  year  of  operation,  contributed    116 and 159 closings,
respectively,  compared  with  12  and  13, respectively, in 1994.  Management
attributes  increased  volume  in its markets to aggressive marketing programs
and  mortgage  rate  lock-ins  provided  to  customers  during  a  period  of
fluctuating  interest  rates  in  the  early  part  of  the year, and consumer
confidence  due  to  stable  interest  rates  in  the latter part of the year.

     Gross  profit  increased  by  $11.2 million, or approximately 46% for the
year,  representing  20.1% of sales in 1995 as compared to 21.8% in 1994.  The
decrease  in  gross profit as a percentage of sales is attributable in part to
increased  contributions  by  the Company to customers' mortgage loan discount
points.    The  Company  is  permitted  to contribute up to six percent of the
selling  price  toward  closing  costs,  origination fees, and discount points
under  FHA  and  VA  financing  rules,  and  is  more  likely  to  make  such
contributions  during  periods  of  volatile interest rates.  It is likely the
Company  will  continue  to  make  this  expenditure to retain customers, when
interest  rates  fluctuate.

     Selling,  general  and administrative expenses  decreased as a percentage
of  sales  from  10.6% in 1994 to 9.6% in 1995.   Management believes that the
decrease reflects increased  income from the new homebuilding divisions in Ft.
Wayne and Cincinnati and Crossmann Mortgage Corp.; this higher income helps to
offset  their  related  selling,  general,  and  administrative  overhead.

     Due  primarily  to the increase in unit sales, income before income taxes
for  1995  increased  approximately  $6  million  over  1994,  or  46%.   This
represents  a decrease from 11.4% of sales in 1994 to 10.5% of sales in 1995. 
Net income as a percentage of sales was 6.3% in 1995 compared to 6.9% in 1994.
 Net  income  increased $3.4 million or 43%.  The Company's effective tax rate
was  40.3%  in  1995  as  compared  to  39.4%  in  1994.

LIQUIDITY  AND  CAPITAL  RESOURCES

     At December 31, 1996, Crossmann had cash balances of $100,000.  It is the
Company's  policy  to  minimize  unemployed  cash  generated  by  operations. 
Crossmann  Mortgage  Corp.  is required by the Department of Housing and Urban
Development to have a minimum balance of cash or cash equivalents of $100,000.

     The Company's primary uses of capital are home construction costs and the
purchase  and development of land.  Real estate inventories were approximately
$113.2  million  or  88%  of  total  assets  at  December 31, 1996 compared to
approximately  $69.7  million or 83% of total assets at December 31, 1995.  To
assure  the future availability of  developed lots for next year's operations,
from  time  to  time in the normal course of business the Company contracts to
purchase  a  portion  of  its  developed  lots from outside developers.  Total
commitments for these purchases was approximately $106 million at December 31,
1996.    The purchases of these lots are subject to various conditions imposed
on  both the sellers and the Company.  Capital is also used to add and improve
equipment  used  in administering the business and for model home furnishings.

     During  1996,  cash  expenditures were financed with cash from operations
and with borrowings from a $40 million unsecured line of credit with Bank One,
Indianapolis  N.A.  and  its  participant, NBD, Indianapolis N.A.  The line of
credit  bears  interest at the bank's prime lending rate, but permits portions
of the outstanding balance to be committed for fixed periods of time at a rate
equal  to  LIBOR  plus  2.4%. The credit facility matures March 31, 1998.  For
most  of  the  year the Company also had in place $25,000,000 in senior notes,
payable  over  nine years at an interest rate of 7.625%, held by the Minnesota
Mutual  Life  Insurance Company and Combined Insurance Company of America.  On
December 21, 1996, the Company made its first scheduled reduction in the notes
of  $2,777,778.

     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    notes  and  the  modifications  to the banks' credit agreement are
expected to provide adequate liquidity for planned internal growth and capital
expenditures.    In  the  event  that  the  Company seeks to accelerate growth
through  the  acquisition  of  large parcels of land or of other homebuilders,
additional  capital  may be necessary.  The Company believes that such capital
could  be  obtained  from  banks  or  other  financing  alternatives, from the
issuance of additional shares, or from seller financing; however, there can be
no  assurances that the Company would be able to secure the necessary capital.


INFLATION  AND  EFFECTS  OF  CHANGING  PRICES

     The  Company  historically has been able to raise sales prices by amounts
at  least  equal to its cost increases and accordingly has not experienced any
detrimental  effect  from  inflation.

     Housing  demand,  in  general,  is  affected  adversely  by  increases in
interest  rates.    If  mortgage  interest  rates  increase significantly, the
Company's  sales  of  residential real estate could be adversely affected.  In
addition,  gross  profit  and  net  income  can  be  affected  as well because
Crossmann  can assist buyers, subject to certain limitations by FHA and VA, by
paying  a  portion  of a customer's points and closing costs needed to help in
securing  a  mortgage  loan.
FUTURE  TRENDS

     Management believes the Company's profitability results in part from high
volume  production in its markets.  In 1997, management will focus on building
the  kind  of  strong  relationships  with vendors and land sellers in its new
markets in Ohio and Kentucky that it enjoys in its more established markets in
central  Indiana.

     Management  views  land acquisition and zoning as the greatest challenges
to  its  business  in  years  to  come.   The Company will continue to seek to
maximize  the  value  of  each parcel  it purchases so that it can continue to
serve  its  core  customer.





<PAGE>






             ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

                         Crossmann Communities, Inc.
                               and Subsidiaries

                  Index to Consolidated Financial Statements




<TABLE>

<CAPTION>



<S>                                                                                          <C>

Independent Auditors' Report                                                                 17-18
Consolidated Balance Sheets as of December 31, 1995 and 1996                                    19
Consolidated Statements of Income for the Years Ended December 31, 1994, 1995, and 1996         20
Consolidated Statements of Shareholders'  Equity for the Years Ended December 31, 1994,
    1995, and 1996                                                                              21
Consolidated Statements of Cash Flows for the Years Ended December 31, 1994, 1995, and 1996     22
Notes to Consolidated Financial Statements                                                   23-29
-------------------------------------------------------------------------------------------  -----
</TABLE>













INDEPENDENT  AUDITORS'  REPORT

Board  of  Directors  and  Shareholders
Crossmann  Communities,  Inc.

We  have  audited  the  accompanying  consolidated balance sheets of Crossmann
Communities,  Inc.  and subsidiaries as of December 31, 1995 and 1996, and the
related consolidated statements of income, shareholder's equity and cash flows
for  each  of  the  two  years  in the period ended December 31, 1996.   These
consolidated  financial  statements  are  the  responsibility of the Company's
management.  Our responsibility is to express an opinion on these consolidated
financial  statements    based  on  our  audits.    The consolidated financial
statements of the Company for the year ended December 31, 1994 were audited by
other  auditors  whose  report,  dated  February  1, 1995, except for the 1995
Transaction  portion  of  Note 5 to the 1994 consolidated financial statements
as  to which the date was March 28, 1995,  expressed an unqualified opinion on
those  consolidated  statements.

We  conducted  our  audits  in  accordance  with  generally  accepted auditing
standards.    Those  standards  require  that we plan and perform the audit to
obtain  reasonable  assurance  about  whether  the  consolidated  financial
statements are free of material misstatement.  An audit includes examining, on
a  test  basis,  evidence  supporting  the  amounts  and  disclosures  in  the
consolidated  financial  statements.    An  audit  also includes assessing the
accounting  principles  used and the significant estimates made by management,
as  well  as  evaluating  the  overall  consolidated  financial  statement
presentation.    We believe that our audits provide a reasonable basis for our
opinion.

In  our opinion, such 1995 and 1996  consolidated financial statements present
fairly,  in  all  material  respects,  the  financial  position  of  Crossmann
Communities,  Inc.  and subsidiaries as of December 31, 1995 and 1996, and the
results of their operations and their cash flows for  each of the two years in
the  period    ended  December  31,1996  in conformity with generally accepted
accounting  principles.



DELOITTE  &  TOUCHE  LLP

Indianapolis,  Indiana
February  14,  1997













                        Report of Independent Auditors



The  Board  of  Directors  and  Shareholders
Crossmann  Communities,  Inc.



We  have  audited  the  accompanying  consolidated  statements  of  income,
shareholder's  equity,  and  cash flows of Crossmann Communities, Inc. for the
year  ended  December  31,  1994.    These  financial  statements  are  the
responsibility  of the Company's management.  Our responsibility is to express
an  opinion  on  these  financial  statements  based  on  our  audit.

We  conducted  our  audit  in  accordance  with  generally  accepted  auditing
standards.    Those  standards  require  that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement.  An audit includes examining, on a test basis, evidence
supporting  the amounts and disclosures in the financial statements.  An audit
also  includes  assessing  the  accounting  principles  used  and  significant
estimates  made  by  management,  as  well as evaluating the overall financial
statement presentation.  We believe that our audit provides a reasonable basis
for  our  opinion.

In  our  opinion,  the  consolidated  financial  statements  referred to above
present  fairly,  in  all  material  respects,  the  consolidated  results  of
operations  and  cash  flows of Crossmann Communities, Inc. for the year ended
December  31,  1994,  in  conformity  with  generally  accepted  accounting
principles.



                               ERNST  &  YOUNG    LLP


Indianapolis,  Indiana
February  1,  1995,  except  for  the  1995  Transaction
portion  of  Note  5  to  the  1994  financial  statements
as  to  which  the  date  is  March  28,  1995



<TABLE>

<CAPTION>

                               Crossmann Communities, Inc
                                    and Subsidiaries

                              Consolidated Balance Sheets

                            as of December 31, 1995 and 1996


<S>                                                            <C>          <C>

                                                                      1995          1996
                                                               -----------  ------------
ASSETS
   Cash and cash equivalents                                   $ 5,232,950  $    100,000
   Retainages                                                      604,973     1,151,700
   Real estate inventories                                      69,682,696   113,202,107
   Furniture and equipment, net                                  1,310,259     2,919,333
   Investments in joint ventures                                 1,172,289     3,404,742
   Goodwill, net                                                 2,898,722     2,737,328
   Other assets                                                  3,052,587     4,821,259
                                                               -----------  ------------
Total assets                                                   $83,954,476  $128,336,469
                                                               ===========  ============


LIABILITIES AND SHAREHOLDERS' EQUITY
   Accounts payable                                            $10,304,193  $ 14,110,634
   Accrued expenses and other liabilities                        3,966,255     5,250,256
   Notes payable                                                25,472,321    49,326,220
                                                               -----------  ------------
Total liabilities                                               39,742,769    68,687,110

Commitments and contingencies

Shareholders' equity:
   Preferred shares, without par value:
      Authorized shares - 10,000,000
      No shares issued and outstanding
   Common shares, without par value:
      Authorized shares - 30,000,000
      Issued and outstanding shares - 6,081,500 and 6,125,768
         at December 31, 1995 and 1996, respectively            24,028,879    24,400,903
   Retained earnings                                            20,182,828    35,248,456
                                                               -----------  ------------
Total shareholders' equity                                      44,211,707    59,649,359
                                                               -----------  ------------
Total liabilities and shareholders' equity                     $83,954,476  $128,336,469
                                                               ===========  ============
<FN>



See  accompanying  notes.
</TABLE>




<TABLE>

<CAPTION>

                               Crossmann Communities, Inc.
                                    and Subsidiaries

                            Consolidated Statements of Income

                  for the Years Ended December 31, 1994, 1995 and 1996


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

                                                      1994           1995           1996 
                                              -------------  -------------  -------------

Sales of residential real estate              $112,140,346   $177,589,906   $229,485,094 
Cost of residential real estate sold            87,646,413    141,886,168    181,434,071 
                                              -------------  -------------  -------------
Gross profit                                    24,493,933     35,703,738     48,051,023 

Selling, general and administrative expenses    11,928,092     17,082,842     23,196,933 
                                              -------------  -------------  -------------
Income from operations                          12,565,841     18,620,896     24,854,090 

Other income, net                                  710,101        687,389        853,896 
Interest expense                                  (485,246)      (678,095)    (1,039,251)
                                              -------------  -------------  -------------
                                                   224,855          9,294       (185,355)
                                              -------------  -------------  -------------
Income before income taxes                      12,790,696     18,630,190     24,668,735 
Income taxes                                     5,040,187      7,518,778      9,603,107 
                                              -------------  -------------  -------------
Net income                                    $  7,750,509   $ 11,111,412   $ 15,065,628 
                                              =============  =============  =============

Net income per common share                   $       1.28   $       1.83   $       2.47 



Weighted average number of common
  shares outstanding                             6,070,000      6,074,798      6,099,995 
                                              =============  =============  =============
<FN>



See  accompanying  notes.
</TABLE>




<TABLE>

<CAPTION>

                              Crossmann Communities, Inc.
                                   and Subsidiaries

                              Consolidated Statements of
                                 Shareholders' Equity

                 for the Years Ended December 31, 1994, 1995 and 1996



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

                                     Common     Shares        Retained
                                     ---------  ------------                           
                                     Shares     Amount        Earnings     Total
                                     ---------  ------------  -----------  ------------

Balance at January 1, 1994           6,070,000  $23,946,485   $ 1,320,907  $25,267,392 
   Net income                                                   7,750,509    7,750,509 
   Additional public offering costs                  (6,731)                    (6,731)
                                                ------------               ------------
Balance at December 31, 1994         6,070,000   23,939,754     9,071,416   33,011,170 
   Net income                                                  11,111,412   11,111,412 
   Sale of common shares                11,500       89,125                     89,125 
                                     ---------  ------------               ------------
Balance at December 31, 1995         6,081,500   24,028,879    20,182,828   44,211,707 
   Net income                                                  15,065,628   15,065,628 
   Sale of common shares                44,268      372,024                    372,024 
                                     ---------  ------------               ------------
 Balance at December 31, 1996        6,125,768  $24,400,903   $35,248,456  $59,649,359 
                                     =========  ============  ===========  ============

<FN>

See  accompanying  notes.
</TABLE>




<TABLE>

<CAPTION>

                                   Crossmann Communities, Inc.
                                        and Subsidiaries
                              Consolidated Statements of Cash Flows

            for the Years Ended December 31, 1994, 19945 and 1996 (See Notes 6 and 8)


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

                                                              1994           1995           1996 
                                                      -------------  -------------  -------------
OPERATING ACTIVITIES:
Net income                                            $  7,750,509   $ 11,111,412   $ 15,065,628 
Adjustments to reconcile net income to net
   cash provided (used) by operating activities:
      Depreciation                                         271,599        397,769        539,443 
      Amortization                                         161,694        161,696        161,394 
      Deferred income taxes                                  2,353        (76,994)      (169,308)
      Cash provided (used) by changes in:

         Retainages                                         94,657       (342,678)      (525,387)
         Real estate inventories                       (19,691,238)   (15,015,713)   (37,567,373)
         Other assets                                     (711,198)      (340,196)    (1,001,198)
         Accounts payable                                  141,843      3,569,110      2,974,123 
         Accrued expenses and other liabilities            548,329      2,240,414        530,734 
                                                      -------------  -------------  -------------
Net cash provided (used) by operating activities       (11,431,452)     1,704,820    (19,991,944)

INVESTING ACTIVITIES:
Purchases of furniture and equipment                    (1,072,453)      (860,488)    (2,023,660)
Proceeds from disposition of furniture and equipment        13,128        380,000            -0- 
Investments in joint ventures                             (125,211)      (734,500)    (2,206,582)
Business acquisition                                           -0-            -0-       (330,901)
                                                      -------------  -------------  -------------
Net cash used by investing activities                   (1,184,536)    (1,214,988)    (4,561,143)

FINANCING ACTIVITIES:
Proceeds from bank borrowings                           58,727,590     84,076,258    119,832,796 
Principal payments on bank borrowings                  (46,642,156)   (99,631,250)   (97,534,584)
Payments on notes and long-term debt                           -0-            -0-     (3,250,099)
Proceeds from issue of senior notes                            -0-     25,000,000            -0- 
Payment of deferred financing costs                            -0-       (263,926)           -0- 
Payments on related party loan                          (3,114,003)    (4,527,089)           -0- 
Proceeds from sale of common shares                                        89,125        372,024 
Additional public offering costs                            (6,731)           -0-            -0- 
                                                      -------------  -------------  -------------
Net cash provided by financing activities                8,964,700      4,743,118     19,420,137 
                                                      -------------  -------------  -------------

Net increase (decrease) in cash and cash equivalents    (3,651,288)     5,232,950      5,132,950 
Cash and cash equivalents at beginning of year           3,651,288                     5,232,950 
                                                      -------------                 -------------
Cash and cash equivalents at end of year                       -0-   $  5,232,950   $    100,000 
                                                      =============  =============  =============
<FN>

See  accompanying  notes.
</TABLE>



                         Crossmann Communities, Inc.
                               and Subsidiaries

                  Notes to Consolidated Financial Statements

             for the Years Ended December 31, 1994, 1995 and 1996


1.                    BASIS  OF  PRESENTATION

Crossmann  Communities,  Inc.  ("Crossmann"  or  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.


2.                  SIGNIFICANT  ACCOUNTING  POLICIES

Principles  of  Consolidation.
The consolidated financial statements include the accounts of all wholly-owned
subsidiaries.    All  significant  intercompany accounts and transactions have
been  eliminated.    The  Company  also  owns  a  50%  interest  in  certain
unconsolidated  joint  ventures,  which  were  accounted  for using the equity
method.

Accounting  Estimates
The  preparation of financial statements in conformity with generally accepted
accounting  principles  requires  management to make estimates and assumptions
that  affect  the reported amounts of assets and liabilities and disclosure of
contingent  assets and liabilities at the date of the financial statements and
the  reported  amounts  of  revenue and expenses during the reporting period. 
Actual  results  could  differ  from  those  estimates.

Warranties  are  provided  by the Company. Reserves of approximately  $378,000
and  $553,400  at December 31, 1995 and 1996, respectively, are recorded based
on  historical  trends  of  expenses  incurred for repairs.  The amount of the
warranty  reserve  is  considered adequate; however, it is reasonably possible
that  the  reserves  may  not  be  sufficient  for  future  claims.

Cash  Equivalents
All  highly  liquid  investments  with maturities of three months or less when
purchased  are  considered  to  be  cash  equivalents.

Real  Estate  Inventories
Real  estate  inventories  are  stated  at  the  lower  of  cost  (specific
identification  method)  or  net realizable value.  In addition to direct land
acquisition,  land development and housing construction costs, inventory costs
include  interest, real estate taxes and related overhead costs of development
and construction which are capitalized in inventory during the development and
construction  periods.    Net  realizable value represents estimates, based on
management's  present plans and intentions, of sale price less development and
disposition  cost,  assuming  that  disposition occurs in the normal course of
business.


Goodwill
Goodwill,  which  was recorded in the acquisition of Deluxe Homes of Columbus,
Inc.  and  the  minority  interests  in  certain  of  the  Deluxe Entities, is
amortized  over  twenty  years  using  the  straight-line method.  Accumulated
amortization was approximately $352,400 and $513,800  at December 31, 1995 and
1996,  respectively.

The  Company    adopted Statement of Financial Accounting  Standards No. 121, 
Accounting  for  the Impairment of Long-Lived Assets and for Long-Lived Assets
to  be  Disposed  Of ("SFAS No. 121") in the fourth quarter of 1995.  SFAS No.
121  requires  that  long-lived assets and certain identifiable intangibles be
reviewed  for  impairment whenever events or changes in circumstances indicate
that  the  carrying  amount  of an asset may not be recoverable.  The Company,
using  its  best estimates based on reasonable and supportable assumptions and
projections,  has  reviewed  long-lived  assets  and  certain  identifiable
intangibles  to  be  held  and  used, and no impairment appears to exist as of
December  31,  1996.  Adopting SFAS No. 121 had no material effect on the 1995
consolidated  financial  statements.


Furniture  and  Equipment
Furniture  and  equipment  are stated at cost.  Depreciation is computed using
straight-line  and  accelerated methods over the estimated useful lives of the
respective  assets  ranging  from  5 to 39 years.  Accumulated depreciation is
approximately  $1,120,700  and  $1,644,700  at  December  31,  1995  and 1996,
respectively.      Repairs  and  maintenance  costs  are expensed as incurred.


Revenue  Recognition
Revenue  is  recognized  upon  a  formal  closing and as title to the property
transfers  to  the  buyer.


Income  Taxes
Deferred  tax assets and liabilities are computed based on differences between
the  financial  statement and income tax bases of assets and liabilities using
the enacted  tax rate.  Deferred income tax expense or benefit is based on the
change  in assets and liabilities from period to period, subject to an ongoing
assessment  of  realization.

Per  Share  Disclosures
Net income per common share is calculated based on the actual weighted average
number of shares outstanding during the year.  Common stock equivalents do not
have  a  dilutive  effect  on  net  income  per  common  share.



3.                    FINANCIAL  INSTRUMENTS

Statement  of  Financial  Accounting  Standards No. 107, Disclosure About Fair
Value  of  Financial  Instruments,  defines  the  fair  value  of  a financial
instrument  as  the  amount  at  which  the instrument could be exchanged in a
current  transaction  between  willing  parties,  other  than  in  a forced or
liquidation  sale.    The  following  summarizes  the estimated fair values of
financial instruments and the major methods and assumptions used in estimating
such  amounts:

Short-term financial instruments are valued at their carrying amounts included
in  the  consolidated  balance  sheets, which are reasonable estimates of fair
value  due  to  the relatively short period to maturity.  This applies to cash
and  cash  equivalents, retainages, certain other assets, accounts payable and
certain  other  liabilities.

Debt  with  variable  interest  rates  is  valued  at  carrying  amounts which
approximate  the  fair  value  based  on  discounted future cash flows.    The
carrying amount of senior notes payable at December 31, 1996, approximates the
fair  value    based  upon debt instruments with similar terms and conditions.



4.                  REAL  ESTATE  INVENTORIES
<TABLE>

<CAPTION>


Real  estate  inventories  at  December  31  consist  of:


<S>                                   <C>          <C>

                                             1995          1996
                                      -----------  ------------

Residential homes under construction  $34,808,900  $ 50,512,565
Land held for future development       10,297,886    16,644,887
Land under development                 15,606,514    30,639,075
Purchased developed lots                3,093,133     8,456,435
Homes held for resale                   1,301,469       939,770
Model homes                             4,574,794     6,009,375
                                      -----------  ------------
                                      $69,682,696  $113,202,107
                                      -----------  ------------
</TABLE>



The Company occasionally purchases homes from customers to facilitate the sale
of new homes.  Such homes held for resale are recorded at the lower of cost or
market.


5.                    INVESTMENTS  IN  UNCONSOLIDATED  JOINT  VENTURES

<TABLE>

<CAPTION>


The  Company  has  entered  into  joint ventures with various land development
contractors  and  owns  50%  or  less in each venture.  The joint ventures are
accounted  for  using  the  equity  method.    Aggregated  condensed financial
information  for  unconsolidated  joint  ventures  is  as  follows:


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

                   1994        1995        1996
             ----------  ----------  ----------

Revenue      $1,803,452  $   29,171  $  518,372
Expenses      1,496,514      27,007     487,938
             ----------  ----------  ----------
Net Income   $  306,938  $    2,164  $   30,434
             ==========  ==========  ==========

Assets       $1,772,338  $2,341,058  $7,962,009
Liabilities     896,760     726,250   3,627,019
             ----------  ----------  ----------
Equity       $  875,578  $1,614,808  $4,334,990
             ==========  ==========  ==========

</TABLE>



Assets  of  the joint ventures consist primarily of developed lots, land under
development  and land held for future development.  Revenue consists primarily
of  residential  lot  sales.    Investments in joint ventures include accounts
receivable  from  the joint ventures and certain lot deposits of approximately
$365,000 and $1,312,000 in 1995 and 1996, respectively.  The Company purchased
lots  from  the  joint  ventures  for  $843,000  in 1994 and $217,000 in 1996.




6.                    CREDIT  ARRANGEMENTS

<TABLE>

<CAPTION>

Notes  payable  consists  of  the  following  at  December  31:


<S>                                                                      <C>          <C>

                                                                                1995         1996
                                                                         -----------  -----------
Line of credit with banks, maximum $40,000,000, with interest payable
 on funds committed for fixed periods at LIBOR (5.5% at December 31,
 1996) plus 2.4% and on floating funds at the banks' prime rate (8.25%
 at December 31, 1996), maturing in March 1998.                          $       -0-  $25,842,000
Various notes payable repaid during 1996.                                    472,321          -0-
Various notes payable collateralized by land, with periodic principal
 payments, maturing from May 1997 through November 2000, and
 bearing interest at rates ranging from prime plus 1% to 8.25%.                  -0-    1,261,998

Senior notes payable, due December 2004 with annual principal
 payments of $2,777,777, and quarterly interest payments at 7.625% per
 annum.                                                                   25,000,000   22,222,222
                                                                         -----------  -----------
                                                                         $25,472,321  $49,326,220
                                                                         ===========  ===========
</TABLE>




On  December  22,  1995,  the Company issued senior notes in the amount of $25
million,  pari  passu  with  its senior bank facility, payable over nine years
with  interest  payable  quarterly  at  7.625%.    Proceeds,  net  of deferred
financing  costs  of  approximately  $264,000, were used to redeem outstanding
subordinated  notes  and  outstanding bank debt.  Concurrent with the issue of
the  notes,  the Company renegotiated its $40 million line of  credit with the
banks  to  make  covenants consistent with its senior note agreement covenants
and  to  extend  the  term  to  three  years.

The senior note and line of credit agreements require a minimum current ratio,
a  minimum  fixed  charge  coverage ratio, a maximum ratio of debt to tangible
capital  base,  a maximum ratio of land to equity, and a maximum ratio of debt
to a borrowing base derived from inventory levels.  The senior  note agreement
requires  a  pre-payment  premium  in the event of early extinguishment of the
debt.  Additionally, both credit agreements limit investment in unconsolidated
joint  ventures,    payments  of  cash  dividends, and require express written
consent  of  the  lenders  for  certain  transactions.

Interest  capitalized  during  real  estate  development  and construction was
approximately  $767,000,  $1,299,700, and $2,155,400 for 1994, 1995, and 1996,
respectively.

Interest  paid,  including  amounts capitalized, was approximately $1,427,000,
$1,977,800  and  $3,194,655  in  1994,  1995,  and  1996,  respectively.   The
weighted  average interest rate on borrowings outstanding at December 31, 1995
was  7.64%  and  7.83%    at  December  31,  1996.

<TABLE>

<CAPTION>

Scheduled  maturities  of  the  notes  payable  for each of the five years and
thereafter  as  of  December  31,  1996  are  as  follows:


<S>         <C>

1997        $ 3,249,633
1998         29,209,921
1999          2,877,778
2000          2,877,778
2001          2,777,778
Thereafter    8,333,332
            -----------

            $49,326,220
            ===========
</TABLE>



7.                  SHAREHOLDERS'  EQUITY

The  Company  has authorized 10,000,000 preferred shares which remain unissued
at  December  31,  1996.    The  Board of Directors of the Company has not yet
determined the preferences, qualifications, relative voting or other rights of
the  authorized  preferred  shares.

The  Company  has  incentive  share  option  plans for employees and directors
pursuant  to  which  625,000  shares are reserved.  The options were issued at
market  prices  on  the grant date, became exercisable on the grant date or in
some  cases  three  years  from the grant date, and expire ten years after the
grant  date.    Details  of  stock  options  are  as  follows:

<TABLE>

<CAPTION>



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

                   Price per share      1994      1995      1996 
                                     --------  --------  --------
Beginning Balance                     50,000   130,000   162,500 
Options granted    $  7.75 - $17.75   90,000    74,000    60,500 
Options exercised  $  7.75 -  $9.00            (11,500)  (24,208)
Options forfeited  $  7.75 - $17.75  (10,000)  (30,000)  (18,472)
                                     --------  --------  --------
Ending Balance                       130,000   162,500   180,300 
                                     ========  ========  ========
Exercisable                          120,000   152,500   170,300 
                                     ========  ========  ========
</TABLE>



The  Company  applies  APB  Opinion  No.  25,  Accounting  for Stock Issued to
Employees,  and  related  Interpretations  in  accounting  for  the plans.  No
compensation  cost has been recognized for the plans because the stock options
price is equal to fair value at the grant date.  Had compensation cost for the
plans  been  determined  based on the fair value at the grant dates for awards
under  the  plan  consistent  with  the method of SFAS No. 123, Accounting for
Stock-Based  Compensation,  the  Company's net income and net income per share
for the years ended December 31, 1995 and 1996 would have decreased to the pro
forma  amounts  indicated  below:

<TABLE>

<CAPTION>



<S>                   <C>          <C>


                             1995         1996
                      -----------  -----------
Net income
      As reported     $11,111,412  $15,065,628
      Pro forma       $10,978,736  $14,829,416
Net income per share
      As reported     $      1.83  $      2.47
      Pro forma       $      1.81  $      2.43
</TABLE>



The  fair  value of the option grants are estimated on the date of grant using
an  option  pricing  model with the following assumptions:  no dividend yield,
risk-free  interest  rates  of  6.07%  to  7.13%,  volatility of  39 to 42 and
expected  lives  of  five years.  The pro forma amounts are not representative
of  the  effects  on  reported  net  income  for  future  years.


8.                    INCOME  TAXES

<TABLE>

<CAPTION>

The reconciliation of  income taxes computed at the U.S. federal statutory tax rate
to  income  tax  expense  for  the years ended December 31, 1994, 1995 and 1996 is:



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

                                                      1994        1995        1996 
                                                ----------  ----------  -----------

Tax at U.S. statutory rate                      $4,348,837  $6,520,567  $8,634,057 
State income taxes, net of federal tax benefit     643,227     931,510   1,233,437 
Other, net                                          48,123      66,701    (264,387)
                                                ----------  ----------  -----------
                                                $5,040,187  $7,518,778  $9,603,107 
                                                ==========  ==========  ===========
</TABLE>



<TABLE>

<CAPTION>

The  following  is  a  summary  of  the components of the provision for income
taxes:


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

                                      1994        1995         1996 
                                ----------  -----------  -----------
Current tax expense:
   Federal                      $4,063,248  $6,115,338   $8,014,453 
   State                           974,586   1,480,434    1,757,962 
                                ----------  -----------  -----------
                                 5,037,834   7,595,772    9,772,415 
Deferred tax expense (benefit)       2,353     (76,994)    (169,308)
                                ----------  -----------  -----------
                                $5,040,187  $7,518,778   $9,603,107 
                                ==========  ===========  ===========
</TABLE>



Income taxes paid were $4,556,199, $6,233,382 and $7,570,365 during 1994, 1995
and  1996,  respectively.

Deferred  income  taxes  result  principally from temporary differences in the
recognition  of  warranty expense for tax and financial reporting purposes.  A
deferred  tax  asset  of  approximately     $157,000 at December 31, 1995  and
$326,000  at December 31, 1996  is recorded for temporary differences.  In the
opinion  of management, it is more likely than not that the deferred tax asset
will  be  realized.


9.                    RELATED  PARTY  TRANSACTIONS

The  Company  is  affiliated with several other companies, which have not been
consolidated  herein, through common ownership.  Transactions with the related
parties  are  made  in  the  normal  course  of  business.

Office  and  warehouse  space  at  the Company's headquarters is leased from a
related  party.    During 1994, 1995 and 1996 approximately $100,000, $222,800
and  $251,200,  respectively,  in  rental  payments  were  made.

Interest  paid  on  debt  from  related parties was approximately $611,900 and
$447,000    for  the  years  ended  December  31,  1994 and 1995 respectively.

Prior    to  1994 the Company sold new and existing homes to related parties. 
Closing  on sales of new and existing homes to related parties was $240,000 in
1994.


10.                  LEASES

The  Company  leases office and warehouse space, vehicles and office equipment
pursuant  to  operating  lease agreements expiring from May 1999 to May 2001. 
Annual  minimum  payments  to  be  made to a related party incorporated in the
amounts  below  range  from  $284,435  in  1997  to  $5,160  in  2001.
<TABLE>

<CAPTION>

Annual  minimum  operating  lease  payments due as of December 31, 1996 are as
follows:


<S>   <C>

1997  $  552,133
1998     494,851
1999     256,474
2000     136,614
2001      26,360
      ----------
      $1,413,140
      ==========
</TABLE>



Rent expense was approximately $236,200, $314,800 and $479,100 for 1994, 1995,
and  1996,  respectively.


11.                    EMPLOYEE  BENEFITS

The  Company's    defined  contribution savings plan covers substantially all 
employees  of   the Company.   Participants are allowed to make nonforfeitable
contributions up to limits established by the Internal Revenue Code.  In 1995,
the Company matched in cash 50% of the first 6% of compensation contributed by
each  participant,  totalling  $116,631.    At  December 31, 1995, the Company
declared  a  discretionary contribution of an additional 5.7% of compensation,
not to exceed 15% of all participants' compensation or $30,000 per individual.
This  contribution  was  $322,510.

 During  1996,  the  Company  further amended the plan to permit investment by
employees in Crossmann common shares.  The Company registered the shares to be
offered  under the plan with the Securities Exchange Commission on Form S-8 on
March  22,  1996.  In 1996, as in 1995, the Company matched in cash 50% of the
first 6% of compensation contributed by  each participant, totalling $114,835.
 On  December  31,  1996,  the Company declared a discretionary profit sharing
contribution  of    approximately  $340,000  payable  in  the Company's common
shares.    This  contribution was the maximum amount deductible by the Company
under the rules set forth  in section 404(a)(3) of  the Internal Revenue Code.

Prior  to  1995, the Company maintained a Simplified Employee Pension Plan for
certain employees.   This defined contribution plan covered employees at least
21 years of age who worked for the Company at least three years, and permitted
discretionary  contributions  for  eligible  employees  up to 15% of the first
$150,000  of  compensation  per  employee.    The  contribution  for  1994 was
$251,600.


12.            COMMITMENTS  AND  CONTINGENCIES

To  assure  the  future  availability of various developed lots, in the normal
course  of  business,  the Company has contracted to purchase developed lots. 
Total  commitments  for  these  purchases  were  approximately $106 million at
December  31,  1996.    The  purchase  of  these  lots  is  subject to various
conditions  imposed  on  both  the  sellers  and  the  Company.

The  Company from time to time is involved in routine litigation incidental to
its  business.    The  Company does not believe that any liabilities resulting
from  litigation  to  which it is a party will materially affect the Company's
financial  position  and  results  of  operations.



ITEM  9.    CHANGES  IN  AND  DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURE

On August 25, 1995, Crossmann's Board of Directors dismissed Ernst & Young LLP
as the Company's independent accountant.  None of the reports of Ernst & Young
LLP on the financial statements of the Company contained an adverse opinion or
a  disclaimer  of  opinion  or  were  qualified or modified as to uncertainty,
accounting  scope or accounting principles.  There was no disagreement between
the  Company  and  Ernst  & Young LLP on any matter of accounting principle or
practice,  financial  statement  disclosure, or audit scope.  On September 12,
1995,  Deloitte  & Touche LLP was engaged as  principal accountant.  Notice of
this  change was reported on Forms 8-K filed August 30, 1995 and September 12,
1995.

                                   PART III

ITEM  10.    DIRECTORS  AND  EXECUTIVE  OFFICERS  OF  THE  COMPANY.
<TABLE>

<CAPTION>

                   The  Directors,  executive officers and certain significant
employees  of  the  Company  are  set  forth  in  the  following  table.



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

                          Years with
Name                 Age  Company     Present Position(s)
John B. Scheumann     48          21  Chairman of the Board of Directors
                                      and Chief Executive Officer


Richard H. Crosser    58          24  President and Chief Operating Officer;
                                      Director

Jennifer A. Holihen   38          14  Chief Financial Officer; Treasurer;
                                      Secretary; Director
John M. Moody         58           5  Vice President and General Manager--
                                      Indianapolis Division
Charles F. Holle      56          14  Vice President and General Manager--
                                      Lafayette Division
Steven M. Dunn        43           3  Vice President and General Manager--
                                      Columbus Division
Lynn R. Cooper        57           8  Vice President and General Manager--
                                      Fort Wayne Division
Ronald W. Rooze       57           3  Vice President and General Manager--
                                      Cincinnati/Dayton Division

James C. Shook        65           3  Director

Larry S. Wechter      41           3  Director


</TABLE>




     Mr.  Scheumann  has been the Company's Chairman of the Board of Directors
and  Chief  Executive  Officer since 1992 and has served as a senior executive
officer  since  joining  the Company in 1977.  Before joining the Company, Mr.
Scheumann was employed by National Homes Construction Corp. for three years in
a  variety of capacities, last serving as Division Controller for Multi-Family
Construction.

     Mr.  Crosser has been the Company's President and Chief Operating Officer
since    1992  and serves on its Board of Directors and has served as a senior
executive  officer  since  joining  the  Company  in 1974.  Prior to 1974, Mr.
Crosser  was  employed  by National Homes Construction Corp. for 15 years in a
variety  of  capacities,  last  serving  as a regional manager of the company.

     Ms.  Holihen  has  been  the  Chief  Financial  Officer,  Secretary,  and
Treasurer  since  September  1993  and  serves on its Board of Directors.  Ms.
Holihen  served  as  controller  for  the  Company  from 1983 until 1993.  Ms.
Holihen  is  a  Certified Public Accountant and received her MBA in accounting
and  management  information  systems  from  Indiana  University  in  1987.

      Mr. Moody  joined the Company in 1992 and assumed responsibility for the
entire Indianapolis Division in March 1994.  From March 1990 to February 1992,
Mr.  Moody  was  the  President  and Chief Executive Officer of Southern Cross
Lumber  &  Millwork  Company.  From October 1985 through March 1990, Mr. Moody
was  Vice President of Pease Co.  From 1978 through 1985, Mr. Moody was a Vice
President  of  National  Homes  Construction  Corp.

     Mr.  Holle  has  been  the  General  Manager  of  the Company's Lafayette
Division  since  April  1995,  prior to which he served as Sales Manager since
1983.    Before joining the Company, Mr. Holle was a sales manager for General
Homes  of  Lafayette,  Indiana.

     Mr. Dunn has been the Company's Vice President and the General Manager of
its  Columbus,  Ohio  Division  and  the President of Crossmann Communities of
Ohio,  Inc.  since  October  1993.    Mr.  Dunn  was  the sole shareholder and
president of Deluxe Homes of Columbus, Inc. from 1987 until the acquisition by
the  Company  in  1993.

     Mr.  Cooper  established the Company's Ft. Wayne Division in March 1994. 
He  was  General  Manager  of the Company's  Indianapolis division from  March
1991  until  March  1994  and a Project Manager in Indianapolis  from November
1989  to  March  1991.    Prior to joining the Company, Mr. Cooper was General
Manager  for  Equity  Builders.

     Mr.  Rooze  has been the Company's Vice President and the General Manager
of  its  Cincinnati,  Ohio Division since May 1994.  In 1996, he assumed added
responsibilities  for  establishing the Dayton Division.  Prior to joining the
Company,  Mr.  Rooze  was  President  and  owner  of  Westron,  Inc., a custom
homebuilding  and  remodeling  business  in  Washington  D.C.

     Mr.  Shook  was elected to Crossmann's Board of Directors by the Board of
Directors  in March 1994.  Mr. Shook is President of The Shook Agency, Inc., a
real  estate  brokerage  firm in Lafayette, Indiana specializing in commercial
and  industrial  sales  and leasing.  Mr. Shook's other corporate affiliations
include  directorships  of NBD Indiana, Inc., Indiana Energy Inc. (Indiana Gas
Company),  and  Lafayette  Life Insurance Company.  Community service includes
past and present directorships of The Indiana Chamber of Commerce, The Greater
Lafayette  Chamber  of  Commerce,  Great Lafayette Progress, Inc., United Way,
Lafayette  Home  Hospital,  The  Purdue Foundation, Dean's Advisory Committee,
Krannert  School  of Management at Purdue University, Greater Lafayette Museum
of  Art,  YWCA  Foundation,  and  the  Greater Lafayette Community Foundation.

     Mr.  Wechter is one of the founders and the former President and director
of ADESA Corporation.    ADESA Corporation was once a publically held company;
today  it is a wholly owned subsidiary of Minnesota Power & Light (NYSE: MPL),
a  diversified  utility  based  in Duluth, Minnesota.  ADESA owns and operates
auto  auctions  and performs related services throughout the United States and
Canada.   Mr. Wechter now serves as Managing Director of Monument Advisors, an
investment bank based in Indianapolis and is a member of Eagle Investments I, 
LLC,  a  private  investment  company.  Mr. Wechter was elected to Crossmann's
Board  of  Directors  on  May  25,  1994.



 ITEM  11.    EXECUTIVE  COMPENSATION

     The  following  table sets forth the compensation earned by the Company's
Chief  Executive  Officer  and the Company's four other highest-paid executive
officers  for  services  rendered  in  all  capacities  to the Company and its
subsidiaries  for  the  fiscal  years ended December 31, 1996, 1995, and 1994,
respectively.
<TABLE>

<CAPTION>

                                      Summary Compensation Table

                                       Annual  Compensation                                      Long
Term  Compensation


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

                                                           Other          Options/   All Other
                                       Salary    Bonus     Compensation   SARs       Compensation (1)
Name and Principal Position      Year       ($)       ($)            ($)        (#)               ($)
John B. Scheumann, Chairman      1996   166,000   249,000            508  None                 18,715
 and Chief Executive Officer     1995   157,500   157,500            925                       18,232
                                 1994   150,000   150,000          1,240                       22,500
Richard H. Crosser, President    1996   166,000   249,000          1,171  None                 18,715
 and Chief Operating Officer     1995   157,500   157,500          1,037                       18,232
                                 1994   150,000   150,000          1,045                       22,500
John M. Moody, Vice President    1996    82,500   125,000          2,075      5,000            18,715
 and General Manager,            1995    78,750   112,500          2,477     12,500            18,223
 Indianapolis Division           1994    75,000   102,500          2,970     10,000               -0-
Steve M. Dunn, Vice President    1996   100,320    60,000            614        -0-            18,715
 and General Manger, Columbus    1995   100,320       -0-            597        -0-            11,044
 Division                        1994   100,320    10,000            635        -0-             3,029
Ronald W. Rooze, Vice President  1996    80,000    80,000          1,464      5,000            18,715
 and General Manger, Cincinnati  1995    70,000    70,000          1,457     10,000            15,161
 Division                        1994    56,973    10,000            898      5,000               -0-


<FN>

 (1)  Represents  contributions by the Company to the named individual's profit sharing pension plan.
</TABLE>





Stock  Options

     The  Company  issued  options  to  purchase 60,500 shares to employees on
March  13, 1996 at an exercise price of $17.75 per share, which was the market
price  on  the  date  of grant.  Those options become exercisable at the issue
date  and  expire  10  years  after  the  date  of  grant.

     The  following  table sets forth the benefits allocated under the Outside
Director Plan and the Employee Option Plan (collectively, the "Plans") for the
fiscal  year  ended December 31, 1996 to each of the named executive officers;
all  current  executive officers as a group; all current directors who are not
executive  officers  as  a  group;  and   all employees, including all current
officers  who  are  not  executive  officers,  as a group.  The amount of such
benefits are not necessarily indicative of the amounts that will be granted in
the future.  The closing sale price of a Common Share at the close of business
on  March  12,  1997  was  $19.75.
<TABLE>

<CAPTION>

                       Option Grants in Last Fiscal Year


<S>                                           <C>              <C>

                                              Employer         Outside Director

                                              Option Plan      Option Plan
Name                                          Number of Units  Number of Units

John B. Scheumann                                         -0-                --
Richard H. Crosser                                        -0-                --
John M. Moody                                           5,000                --
Steve M. Dunn                                             -0-                --
Ronald W. Rooze                                         5,000                --

All Other Executive Officers                           15,000                --
  as a Group

All Directors who are not Executive Officers                              2,000

All non-Executive Officers
  and Employee as a Group                             33,500*                --

<FN>

     *  Options  to  purchase  58,500  shares  were granted under the Company's
Employee  Stock  Option  plan  on  March  13, 1996.  One employee forfeited his
option  grant  of  5,000  shares by leaving the Company prior to exercising his
option.    Options  still  outstanding  from  the  1996  grant  total  53,500.
</TABLE>



     The  following  table  contains information concerning the grant of stock
options  under  the  Company's  Employee  Option  Plan  to the named executive
officers  and  groups  indicated.    The table also lists potential realizable
values  of such options on the basis of assumed annual compounded appreciation
rates  of  5% and 10% over the life of the options, which are set at a maximum
of  10  years.

<TABLE>

<CAPTION>

                         Option  Grants  in  Last  Fiscal  Year




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

                                % of Total Options  Exercise
                    Options     Granted to          Price      Expiration
Name                Granted(#)  Employees in 1996   (S/share)  Date           5%($)    10%($)
John B. Scheumann          -0-                 -0-        ---         ---       ---       ---
Richard H. Crosser         -0-                 -0-        ---         ---       ---       ---
------------------                                                                           
John M. Moody            5,000                   9      17.75    03/02/06   144,564   230,195
Steve N. Dunn              -0-                 -0-        ---         ---       ---       ---
Ronald W. Rooze          5,000                   9      17.75    03/02/96   144,564   230,195

<FN>


     *    Options  to  purchase 58,500 shares were granted under the Company's Employee Stock
Option  plan  on  March  13,  1996.  One
 employee  forfeited  his  option  grant  of  5,000  shares  by  leaving the Company prior to
exercising  his  option.    Options  still  outstanding  from  the  1996  grant total 53,500.
</TABLE>



<TABLE>

<CAPTION>

     The  following  table  provides  information  with  respect to the named executive officers and groups
indicated  concerning  the  unexercised  options  held  as  of  the  end  of  the  last  fiscal  year.



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

                                                                          Value of Unexercised Options at
                 Shares                                Number of Options  Yearend: Market Price of
                 Acquired on  Value Realized: Market   Unexercised at     17.00 - exercise price of $9.00,
Name             Exercise     Price of $17.00          December 31, 1996  9.50, $7.75 and $17.75


John M. Moody          2,191  $                37,247             25,000  $                         273,750
Steve M. Dunn             --                       --                 --                                 --
Ronald W. Rooze        4,000  $                68,000             16,000  $                         180,250
---------------  -----------  -----------------------  -----------------  ---------------------------------


</TABLE>





Employment  Contracts

     On  September  1,  1993,  Crossmann   entered into a five-year employment
agreement  with    Steven  M.  Dunn,  the  sole shareholder of Deluxe Homes of
Columbus,  Inc.  in  connection  with  the  acquisition  of  that  company  by
Crossmann.    Pursuant    to  the terms of this employment agreement, Mr. Dunn
manages  the  Columbus  division  and  serves  as an officer of Crossmann  and
receives  an annual salary of  $100,000 and is permitted to participate in the
Company's  benefit  plans,  its  bonus  program  and the Employee Option Plan.

Director  Compensation

     Non-employee members of the Board are each paid an annual retainer fee of
$10,000  plus  a  fee  of  $500  per Board meeting, and are reimbursed for all
out-of-pocket  costs  incurred  in  connection  with  their attendance at such
meetings.   Upon joining the Board, each non-employee Board member is eligible
to  receive  a  grant of an option to purchase 1,000 Common Shares pursuant to
the  Company's  Outside  Directors'  Stock  Option  Plan.

      In 1996, James Shook and Larry Wechter each received the annual retainer
and  $500  for  each  of  the  four Board  meetings they attended.  Options to
purchase  1,000 Crossmann shares were granted to James Shook and Larry Wechter
upon  the  anniversary  of  their  election  to  the  Board  of  Directors.

Compensation  Committee  Interlocks  and  Insider  Participation

     Salaries,  bonuses,  profit sharing contributions to the pension plan and
option  grants  are  proposed  by  management and approved by the Compensation
Committee.   Messrs. Scheumann and Crosser, and Ms. Holihen do not participate
in  setting  their  personal  salaries,  bonuses  or  option  grants.


 ITEM  12.    SECURITY  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

     The  following  table  sets  forth  information  regarding the beneficial
ownership  of  the  Company's  Common  Shares as of March 12, 1997 by (i) each
person    who  is known to the Company to own beneficially more than 5% of the
outstanding  shares of Common Shares of the Company, (ii) each director, (iii)
each  officer  listed  in the Summary Compensation Table in this Form 10-K and
(iv)  all directors and executive officers as a group.  All shares are subject
to  the named person's sole voting and investment power except where otherwise
indicated.
<TABLE>

<CAPTION>



<S>                                                        <C>                 <C>


                                                                               Percent of
                                                           Number of Shares    Common
Name (1)                                                   Beneficially Owned  Shares (2)
         John B. Scheumann, Chairman and CEO                        1,743,000        28.50
         Richard H. Crosser, President, COO, Director (3)           1,479,600        24.15
         Steve M. Dunn, Vice President                                 91,000         1.50
         James C. Shook, Director                                       5,000            *
         Larry S. Wechter, Director (4)                                 3,500            *
         John M. Moody, Vice President                                 11,591            *
         Ronald W. Rooze, Vice President                                4,000            *

         All directors and executive officers
 as a group (10 persons)                                            3,433,699        56.05

<FN>

     *          Denotes  less  than  1%

 (1)    The  address of each beneficial owner is 9202 North Meridian Street, Indianapolis,
Indiana,  46260.
(2)    There  are  6,125,768  shares  issued  and  outstanding  at  March    12,  1997.
(3)    All  of  the  1,479,600  shares  owned beneficially by Mr. Crosser are owned by the
Richard  H.  Crosser Living Trust, arevocable trust established by Mr. Crosser on February
25,  1992.  The beneficiaries of the trust are Mr. Crosser's children.  Mr. Crosser is the
trustee  of  the  trust.
(4)    Five  hunderd of the shares owned beneficially by Mr. Wechter are owned by the Penn
Meridian  Foundation,  a  trust    established  by Mr. Wechter on December 11, 1995.   Mr.
Wechter  and  Janis  Wechter  are  co-trustees  of    thet  trust.

</TABLE>



ITEM  13.    CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

     The  Company had business dealings with certain affiliates, including its
Chairman  of  the  Board and CEO, John B. Scheumann and its President and COO,
Richard  H.  Crosser and entities with which they were affiliated prior to its
initial  public offering in October 1993.  Since its initial public offering ,
the  policy  of  the Company has been to require that such transactions  be on
terms  not  less  favorable  to  the  Company  than  reasonably available from
unrelated  third  parties  and  that  they  be  approved  by a majority of the
disinterested  members  of  the  Board  of  Directors  of  the  Company.

      A  summary of Certain Relationships and Related Transactions between the
Company and affiliates that occurred after January 1, 1995 is set forth below.

     Previously taxed income.  Prior to its initial public offering, Crossmann
Communities,  Inc. and the Deluxe Entities were treated as S Corporations.  As
a  result,  the net taxable incomes of the Deluxe Entities through October 25,
1993  were  taxed, for federal and some state income tax purposes, directly to
the  individual  shareholders.   On October 26, 1993, Crossmann and all of the
Deluxe  Entities  terminated  their  status  as  S  Corporations  and became C
Corporations,  thereafter subject to federal and state income taxes.  Prior to
the  termination  of  S Corporation status, the Deluxe Entities distributed to
their  existing  shareholders  an  amount  equal to their previously taxed but
undistributed  S  Corporation  earnings  and  $886,000  in  additional paid in
capital  originally  invested  by  those  shareholders.   The aggregate amount
distributed  at  closing was $12,634,826, $4,993,734 in cash and $7,641,092 in
Subordinated  Notes.

     The Subordinated Notes bore interest at 1.5% above the prime rate of Bank
One,  Indianapolis,  N.A. which  was 8.75%  as of  December 22, 1995, and were
payable  in four equal annual installments commencing on the first anniversary
date  of  the closing of Crossmann's initial public offering.  On December 22,
1995, the Company used a portion of proceeds of its senior note issue to repay
the  outstanding  balance  of the notes, then $2,684,726, with the approval of
the  non-employee  members  of  the  Company's  Board  of  Directors.

     The  Company  and  Messrs.  Scheumann  and  Crosser  are parties to a Tax
Indemnification  Agreement  dated  September  1,  1993,  relating  to  their
respective  income  tax  liabilities.    Subject  to  certain limitations, the
agreement  generally  provides  that  Messrs.  Scheumann  and  Crosser will be
indemnified  by  the  Company  and  the Company will be indemnified by Messrs.
Scheumann  and  Crosser with respect to certain federal and state income taxes
(plus  interest  and  penalties) shifted between Messrs. Scheumann and Crosser
and the Company for taxable years ending either before or after the closing of
the  initial  public  offering  as  a  result of adjustments to tax returns of
Messrs.  Scheumann  and  Crosser  and  the  Company,  plus  any  taxes on such
payments,  based  on  a  blended  tax  rate.  The income and expenses, and the
related  distributions,  of  the Company for fiscal 1993 were determined by an
allocation based on a closing of the books of the Company as of the closing of
the  initial  public  offering  on  October  25,  1993.

     Lease  of  Office  Space.  The Company leases approximately 20,000 square
feet of office space for its headquarters, and an additional 4,000 square feet
for  its  mortgage  brokerage  subsidiary,  and 5,000 square feet of warehouse
space  at  9202  North  Meridian Street in Indianapolis, Indiana from Pinnacle
Properties  LLC,  an  entity owned by principal shareholders John B. Scheumann
and  Richard  H.  Crosser.   The monthly rent on these leases is $23,703.  The
Company  relocated  its  headquarters  to  this  building  in  May  1994.


                                    PART IV

ITEM  14.    EXHIBITS,  FINANCIAL  STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

(a)  Documents  filed  with  this Report.  See Index to Consolidated Financial
Statements included in this report.         See Item 14(d) for an index of the
supplementary  financial  statement  schedule  included  in  this  report.


(b)  Reports  on  Form  8-K.    None.
<TABLE>

<CAPTION>

(c)  Exhibits.    There  are included in this report or incorporated by reference the following
exhibits.




<S>             <C>

Exhibit Number  Description of Exhibit

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.)
10.1            Tax Indemnification Agreement dated September 1, 1993, among Crossmann
                Communities, Inc., John Scheumann and Richard H. Crosser, as sole trustee
                of the Richard H. Crosser Living Trust.  (Incorporated by reference to Exhibit
                10.1 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.  (Incorporated by reference to Exhibit 10.3
                to Form S-1 Registration Statement No. 33-68396.)
10.4            Partnership Agreement of Mark Anthony Partnership, dated April 17, 1991.
                (Incorporated by reference to Exhibit 10.6 to Form S-1 Registration Statement
                No. 33-68396.)
10.8            Form of Subordinated Note issued to John Schuemann and Richard H. Crosser,
                as sole trustee of the Richard H. Crosser Living Trust.  (Incorporated by
                reference to Exhibit 10.10 to Form S-1 Registration Statement No. 33-68396.)
10.10           Share Purchase Agreement, dated October 7, 1993, by and among John
                Scheumann, Richard Crosser and Crossmann Communities, Inc. (Incorporated
                by reference to Exhibit 10.12 to Form S-1 Registration Statement No. 33-
                                                                                        68396.)
10.14           Employee Stock Option Agreement, dated December 16, 1993 by and between
                Crossmann Communities, Inc. and John Moody.  (Incorporated by reference
                to Exhibit 10.14 to Form 10-K dated March 24, 1994.)
10.17           Employee Stock Option Agreement, dated June 28, 1994 by and between
                Crossmann Communities, Inc. and John Moody.  (Incorporated by reference
                to Exhibit 10.17 to Form 10-K dated March 24, 1995.)
10.20           Director Stock Option Agreement, dated May 25, 1994 by and between
                Crossmann Communities, Inc. and James C. Shook.  (Incorporated by
                reference to Exhibit 10.20 to Form 10-K dated March 24, 1995.)
10.21           Director Stock Option Agreement, dated May 25, 1994 by and between
                Crossmann Communities, Inc. and Larry S. Wechter.  (Incorporated by
                reference to Exhibit 10.21 to Form 10-K dated March 24, 1995.)
10.26           Non-standardized Joinder Agreement for McCready and Keene, Inc. 401(k)
                Basic Regional Prototype Plan (with Revised Options) for Crossmann
                Communities, Inc.  (Incorporated by reference to Exhibit 10.26 to Form 10-Q
                dated May 10, 1995.)
10.27           McCready and Keene, Inc. 401(k) Basic Regional Prototype Plan Basic Plan
                Document #03.  (Incorporated by reference to Exhibit 10.27 to Form 10-Q
                dated May 10, 1995.)
10.28           Trust Agreement for Crossmann Communities, Inc. 401(k) Profit Sharing Plan,
                by and between Crossmann Communities, Inc. and Richard H. Crosser, John
                Scheumann, and Jennifer Holihen, Trustees.  (Incorporated by reference to
                Exhibit 10.28 to Form 10-Q dated May 10, 1995.)
10.31           Employee Stock Option Agreement, dated June 28, 1994 by and between
                Crossmann Communities, Inc. and Ronald W. Rooze.  (Incorporated by
                reference to Exhibit 10.31 to Form 10-K dated March 20, 1996.)
10.32           Employee Stock Option Agreement, dated March 2, 1995 by and between
                Crossmann Communities, Inc. and John Moody.  (Incorporated by reference
                to Exhibit 10.35 to Form 10-K dated March 20, 1996.)
10.34           Employee Stock Option Agreement, dated March 2, 1995 by and between
                Crossmann Communities, Inc. and Ronald W. Rooze.  (Incorporated by
                reference to Exhibit 10.34 to Form 10-K dated March 20, 1996.)

10.35           Director Stock Option Agreement, dated May 18, 1995 by and between
                Crossmann Communities, Inc. and James C. Shook.  (Incorporated by
                reference to Exhibit 10.35 to Form 10-K dated March 20, 1996.)
10.36           Director Stock Option Agreement, dated May 18, 1995 by and between
                Crossmann Communities, Inc. and Larry S. Wechter.  (Incorporated by
                reference to Exhibit 10.36 to Form 10-K dated March 20, 1996.)
10.37           Note Agreement dated as of December 19, 1995, $25,000,000 7.625% Senior
                Notes due December 19, 2004, by Crossmann Communities, Inc. et al.
                (Incorporated by reference to Exhibit 10.37 to Form 10-K dated March 20, 1996.)
10.38           7.625% Senior Note due December 19, 2004, issued to Combined Insurance
                Company of America by Crossmann Communities, Inc. et al.  (Incorporated
                by reference to Exhibit 10.39 to Form 10-K dated March 20, 1996.)
10.39           7.625 % Senior Note due December 19, 2004, issued to The Minnesota Mutual
                Life Insurance Company by Crossmann Communities, Inc. et al.  (Incorporated
                by reference to Exhibit 10.39 to Form 10-K dated March 20, 1996.)
10.4            Amended and Restated Credit Agreement, dated December 22, 1995, by and
                between Crossmann Communities, Inc. and Bank One, Indianapolis, N.A.
                (Incorporated by reference to Exhibit 10.40 to Form 10-K dated March 20,
                                                                                         1996.)
10.43           Employee Stock Option Agreement, dated March 13, 1996 by and between
                Crossmann Communities, Inc. and John Moody.
10.44           Employee Stock Option Agreement, dated March 13, 1996 by and between
                Crossmann Communities, Inc. and Ronald W. Rooze.
10.45           Director Stock Option Agreement, dated March 13, 1996 by and between
                Crossmann Communities, Inc. and Larry S. Wechter.
10.46           Director Stock Option Agreement, dated March 13, 1996 by and between
                Crossmann Communities, Inc. and James C. Shook.
11.1            Computation of Per Share Net Income for the Year Ended December 31, 1996.

16.1            Letter from Ernst & Young to Securities and Exchange Commission, dated
                September 5, 1995, regarding a change in Registrant's certifying accountants.
                (Incorporated by reference to Exhibit A to Form 8-K filed with the Securities
                and Exchange Commission September 12, 1995.)
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 as Exhibit 19.1 to Form 10-Q filed with the Securities and Exchange
                Commission August 12, 1994.)
21.1            Subsidiaries of the registrant.  (Incorporated by reference to Exhibit 21.1 to
                Form S-1 Registration Statement No. 33-68396.)
23.1            Consent of Deloitte & Touche LLP.
23.2            Consent of Ernst & Young LLP.
27.3            Financial Data Schedule for the year ended December 31, 1996.

</TABLE>




                                  SIGNATURES



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

                         CROSSMANN  COMMUNITIES,  INC.

                         By  /s/  John  B.  Scheumann
                         Chairman  and  Chief  Executive  Officer


Dated:    March  12,1997



     Pursuant  to  the  requirements of   the Securities Exchange Act of 1934,
this  report    been  signed  below  by the following persons on behalf of the
registrant  and  in  the  capacities  on  the  dated  indicated.

<TABLE>

<CAPTION>



<S>                      <C>                                 <C>

Signature                Title                               Date
/s/ John B. Scheumann    Chairman of the Board of
                         Directors; Chief Executive Officer  March 12, 1997
/s/ Richard H. Crosser   Director; President and Chief
                         Operating Officer                   March 12, 1997
/s/ Jennifer A. Holihen  Director; Chief Financial Officer;
                         Treasurer; Secretary; Principal
                         Financial and Accounting Officer    March 12, 1997
/s/ James C. Shook       Director                            March 12, 1997
/s/ Larry S. Wechter     Director                            March 12, 1997
-----------------------  ----------------------------------  --------------

</TABLE>











Exhibit  10.43

                         CROSSMANN COMMUNITIES,  INC.

                        EMPLOYEE STOCK OPTION AGREEMENT

     THIS  AGREEMENT  made  this  thirteenth  day  of  March,  by  and between
Crossmann  Communities,  Inc., an Indiana corporation (the "Company") and John
M.  Moody  (the "Optionee"), pursuant to the terms, conditions and limitations
contained  in  the Employee Stock Option Plan, attached hereto and made a part
hereof  and  as  it  may  be amended from time to time hereafter (the "Plan");

     WHEREAS,  the Board has determined that it is in the best interest of the
Company  and  appropriate to the stated purposes of the Plan, that the Company
grant  to  the  Optionee  an  option to purchase shares of Common Stock of the
Company  pursuant  to the terms and conditions of the Plan and this Agreement,

     NOW,  THEREFORE, the Company and the Optionee do hereby agree as follows:

     1.        Grant of Option.  The Company hereby grants to the Optionee the
right  and  option to purchase, pursuant to the terms and conditions contained
herein and in the Plan, all or any part of an aggregate of 5,000 shares of the
Common  Stock  of  the  Company  (the  "Option").

     2.     Option Price.  The Option price hereunder is $17.75 per share (the
"Option  Price")  which Option Price is equal to one hundred percent (100%) of
the  fair  market value of the Common Stock on the date of grant of the Option
(the  "Grant Date") under this Agreement, as determined under the terms of the
Plan.

     3.       Exercise of Option.  The Option shall be exercisable as of March
13,  1996,  and  shall continue to be exercisable subject to the provisions of
Section  4,  6  and  7,  until  the  tenth  anniversary of the Grant Date (the
"Expiration  Date").

          (a)          Method  of  Exercise.  The Option shall be exercised by
written  notice,  which  shall:

               (i)       state the election to exercise the Option, the number
of  shares  inrespect  of  which it is being exercised, the person(s) in whose
name(s)  the  stock  certificate(s) for such shares is (are) to be registered,
including  pertinent  address(es)  and  Social  Security  Number(s);

               (ii)       contain such representations and agreements, if any,
as  may  be  required  by  the  Company's  counsel  relative  to  the holder's
investment  intent  regarding  such  shares;

               (iii)          be  signed  by  the  Optionee;  and

               (iv)      be in writing and delivered in person or by certified
mail  to  the  Chairman  of  the  Board  of  the  Company.

          The  Option  may not be exercised if the issuance of the shares upon
such  exercise could constitute a violation of any applicable Federal or state
securities  or  other law or valid regulation.  As a condition to his exercise
of  the  Option,  the  Company may require the person exercising the Option to
make  any  representation or warranty to the Company as may be required by any
applicable  law  or  regulation.

          (b)     Payment Upon Exercise of Option.  Payment of the full Option
Price  for  shares  upon  which  the  Option  is exercised shall accompany the
written  notice  of  exercise  described above.  The Company shall cause to be
issued  and  delivered  to  the  Optionee the certificate(s) representing such
shares  as soon as practicable following the receipt of the notice and payment
described  above.

          (c)     Limitation on Exercise of Option.  Notwithstanding any other
provision  of  this Agreement to the contrary, the aggregate fair market value
(determined  as  of  the  Grant  Date) of the Common Stock of the Company with
respect  to  which  the  Option  is  exercisable for the first time during any
calendar year, under all such incentive stock option plans (as defined in Code
Section  422A)  of the Company and any parent or subsidiary corporations shall
not  exceed  One  Hundred  Thousand  Dollars  ($100,000.00).
          (d)         No Obligation to Exercise Option.  This grant of options
shall  impose  no  obligation  upon the Optionee to exercise any such Options.

     4.          Nontransferability  of  Option.    The  Option  shall  not be
transferable  or assignable by the Optionee.  The Option shall be exercisable,
during  the  Optionee's lifetime, only by him or her.  The Option shall not be
pledged  or  hypothecated  in  any way, and shall not be subject to execution,
attachment  or  similar  process.  Any attempted transfer, assignment, pledge,
hypothecation  or  other  disposition of the Option contrary to the provisions
hereof,  and  the levy of any process upon the Option, shall be null, void and
without  effect.

     5.      Termination of Employment.   In the event Optionee shall cease to
be  employed  by  the  Company, all options granted to the Optionee under this
Agreement  shall terminate immediately as to the unexercised portion thereof. 
In  the  event of the death of an Optionee while in employ of the Company, the
Optionee's  personal  representative shall have the right subject to Section 3
of  this  Agreement  and the Plan, to exercise any and all Options which could
have  been  exercised  on  the date of death, at any time within twelve months
from  the  date  of  death.

     6.          Effect  of  Amendment,  Suspension or Termination of Existing
Options.    No amendment, suspension or termination of the Plan shall, without
the  Optionee's  consent,  alter or impair any of the rights or obligations of
the Company or the Optionee with respect to the Option granted under the terms
of  this  Agreement.

     7.       Restrictions on Issuing Shares.   The Company's shares shall not
be issued pursuant to the exercise of the Option unless the transferability of
the  shares so issued and/or the actual issuance of the shares comply with all
relevant provisions of law, including but not limited to, the (i) limitations,
if  any, imposed by the Sate of Indiana, (ii) restrictions, if any, imposed by
the  Securities  Act of 1933, as amended, the Securities Exchange Act of 1934,
as  amended,  and  the  rules and regulations promulgated by the United States
Securities  and  Exchange Commission thereunder, and (iii) requirements of any
stock  exchange  upon  which  the  shares  may  then  be listed.  The Board of
Directors,  shall,  in  its sole discretion, determine if such restrictions or
such  issuance  of  shares  so  complies  with all relevant provisions of law.

          (a)          Withholding  of Taxes.  Shares shall not be issued upon
exercise  of the     Option unless and until withholding tax, if any, or other
withholding  liabilities,  if any, imposed by any governmental entity have, in
the  opinion  of the Board of Directors, been satisfied or provision for their
satisfaction  has  been  made.

          (b)      Other Restrictions.  The Board of Directors may at the time
shares  are actually issued pursuant to the exercise of the Option, place such
further  restrictions  on the transferability of any shares of Common Stock to
be issued to the Optionee upon the exercise of the Option as the Board, in its
sole  discretion,  determines  to  be  reasonable,  appropriate  or necessary.

          (c)      No Rights Vested as a Shareholder.  The Optionee and/or his
successor in interest shall not have any of the rights of a shareholder of the
Company  by  reason  of the grant of the Option until such Option is exercised
and  optioned  shares  are  issued  pursuant  to  such  Option.

     8.          Adjustments.    In the event of any Company recapitalization,
dissolution,  liquidation  or  reorganization, the adjustments described under
the  terms  of  the  Plan  shall  be  applied.

     9.        Acknowledgment.  The Optionee acknowledges receipt of a copy of
the  Plan, a copy of which is attached hereto, and represents that Optionee is
familiar with the terms and provisions thereof, and hereby accepts this Option
subject  to  all  the terms and provisions thereof.  Optionee hereby agrees to
accept  as  binding,  conclusive and final all decisions or interpretations of
the  Board  upon  any  questions  arising  under  the  Plan.

     IN  WITNESS  WHEREOF,  the Company, by its authorized representative, and
the Optionee have entered into this Agreement on the date first written above.

CROSSMANN  COMMUNITIES,  INC.:                              OPTIONEE:


By:  /s/  Richard  H.  Crosser                           By: /s/ John M. Moody
Richard  H.  Crosser,  President                       John M. Moody, Optionee


Exhibit  10.44

                         CROSSMANN COMMUNITIES,  INC.

                        EMPLOYEE STOCK OPTION AGREEMENT

     THIS  AGREEMENT  made  this  thirteenth  day  of  March,  by  and between
Crossmann Communities, Inc., an Indiana corporation (the "Company") and Ronald
W.  Rooze  (the "Optionee"), pursuant to the terms, conditions and limitations
contained  in  the Employee Stock Option Plan, attached hereto and made a part
hereof  and  as  it  may  be amended from time to time hereafter (the "Plan");

     WHEREAS,  the Board has determined that it is in the best interest of the
Company  and  appropriate to the stated purposes of the Plan, that the Company
grant  to  the  Optionee  an  option to purchase shares of Common Stock of the
Company  pursuant  to the terms and conditions of the Plan and this Agreement,

     NOW,  THEREFORE, the Company and the Optionee do hereby agree as follows:

     1.        Grant of Option.  The Company hereby grants to the Optionee the
right  and  option to purchase, pursuant to the terms and conditions contained
herein and in the Plan, all or any part of an aggregate of 5,000 shares of the
Common  Stock  of  the  Company  (the  "Option").

     2.     Option Price.  The Option price hereunder is $17.75 per share (the
"Option  Price")  which Option Price is equal to one hundred percent (100%) of
the  fair  market value of the Common Stock on the date of grant of the Option
(the  "Grant Date") under this Agreement, as determined under the terms of the
Plan.

     3.       Exercise of Option.  The Option shall be exercisable as of March
13,  1996,  and  shall continue to be exercisable subject to the provisions of
Section  4,  6  and  7,  until  the  tenth  anniversary of the Grant Date (the
"Expiration  Date").

          (a)          Method  of  Exercise.  The Option shall be exercised by
written  notice,          which  shall:

               (i)       state the election to exercise the Option, the number
of  shares  inrespect  of  which it is being exercised, the person(s) in whose
name(s)  the  stock  certificate(s) for such shares is (are) to be registered,
including  pertinent  address(es)  and  Social  Security  Number(s);

               (ii)       contain such representations and agreements, if any,
as  may  be  required  by  the  Company's  counsel  relative  to  the holder's
investment  intent  regarding  such  shares;

               (iii)          be  signed  by  the  Optionee;  and

               (iv)      be in writing and delivered in person or by certified
mail  to  the  Chairman  of  the  Board  of  the  Company.

          The  Option  may not be exercised if the issuance of the shares upon
such  exercise could constitute a violation of any applicable Federal or state
securities  or  other law or valid regulation.  As a condition to his exercise
of  the  Option,  the  Company may require the person exercising the Option to
make  any  representation or warranty to the Company as may be required by any
applicable  law  or  regulation.

          (b)     Payment Upon Exercise of Option.  Payment of the full Option
Price  for  shares  upon  which  the  Option  is exercised shall accompany the
written  notice  of  exercise  described above.  The Company shall cause to be
issued  and  delivered  to  the  Optionee the certificate(s) representing such
shares  as soon as practicable following the receipt of the notice and payment
described  above.

          (c)     Limitation on Exercise of Option.  Notwithstanding any other
provision  of  this Agreement to the contrary, the aggregate fair market value
(determined  as  of  the  Grant  Date) of the Common Stock of the Company with
respect  to  which  the  Option  is  exercisable for the first time during any
calendar year, under all such incentive stock option plans (as defined in Code
Section  422A)  of the Company and any parent or subsidiary corporations shall
not  exceed  One  Hundred  Thousand  Dollars  ($100,000.00).

          (d)         No Obligation to Exercise Option.  This grant of options
shall  impose  no  obligation  upon the Optionee to exercise any such Options.
     4.          Nontransferability  of  Option.    The  Option  shall  not be
transferable  or assignable by the Optionee.  The Option shall be exercisable,
during  the  Optionee's lifetime, only by him or her.  The Option shall not be
pledged  or  hypothecated  in  any way, and shall not be subject to execution,
attachment  or  similar  process.  Any attempted transfer, assignment, pledge,
hypothecation  or  other  disposition of the Option contrary to the provisions
hereof,  and  the levy of any process upon the Option, shall be null, void and
without  effect.

     5.      Termination of Employment.   In the event Optionee shall cease to
be  employed  by  the  Company, all options granted to the Optionee under this
Agreement  shall terminate immediately as to the unexercised portion thereof. 
In  the  event of the death of an Optionee while in employ of the Company, the
Optionee's  personal  representative shall have the right subject to Section 3
of  this  Agreement  and the Plan, to exercise any and all Options which could
have  been  exercised  on  the date of death, at any time within twelve months
from  the  date  of  death.

     6.          Effect  of  Amendment,  Suspension or Termination of Existing
Options.    No amendment, suspension or termination of the Plan shall, without
the  Optionee's  consent,  alter or impair any of the rights or obligations of
the Company or the Optionee with respect to the Option granted under the terms
of  this  Agreement.

     7.       Restrictions on Issuing Shares.   The Company's shares shall not
be issued pursuant to the exercise of the Option unless the transferability of
the  shares so issued and/or the actual issuance of the shares comply with all
relevant provisions of law, including but not limited to, the (i) limitations,
if  any, imposed by the Sate of Indiana, (ii) restrictions, if any, imposed by
the  Securities  Act of 1933, as amended, the Securities Exchange Act of 1934,
as  amended,  and  the  rules and regulations promulgated by the United States
Securities  and  Exchange Commission thereunder, and (iii) requirements of any
stock  exchange  upon  which  the  shares  may  then  be listed.  The Board of
Directors,  shall,  in  its sole discretion, determine if such restrictions or
such  issuance  of  shares  so  complies  with all relevant provisions of law.

          (a)          Withholding  of Taxes.  Shares shall not be issued upon
exercise  of the     Option unless and until withholding tax, if any, or other
withholding  liabilities,  if any, imposed by any governmental entity have, in
the  opinion  of the Board of Directors, been satisfied or provision for their
satisfaction  has  been  made.

          (b)      Other Restrictions.  The Board of Directors may at the time
shares  are      actually issued pursuant to the exercise of the Option, place
such further restrictions on the transferability of any shares of Common Stock
to  be issued to the Optionee upon the exercise of the Option as the Board, in
its  sole  discretion,  determines to be reasonable, appropriate or necessary.

          (c)      No Rights Vested as a Shareholder.  The Optionee and/or his
successor in interest shall not have any of the rights of a shareholder of the
Company  by  reason  of the grant of the Option until such Option is exercised
and  optioned  shares  are  issued  pursuant  to  such  Option.

     8.          Adjustments.    In the event of any Company recapitalization,
dissolution,  liquidation  or  reorganization, the adjustments described under
the  terms  of  the  Plan  shall  be  applied.

     9.        Acknowledgment.  The Optionee acknowledges receipt of a copy of
the  Plan, a copy of which is attached hereto, and represents that Optionee is
familiar with the terms and provisions thereof, and hereby accepts this Option
subject  to  all  the terms and provisions thereof.  Optionee hereby agrees to
accept  as  binding,  conclusive and final all decisions or interpretations of
the  Board  upon  any  questions  arising  under  the  Plan.

     IN  WITNESS  WHEREOF,  the Company, by its authorized representative, and
the Optionee have entered into this Agreement on the date first written above.

CROSSMANN  COMMUNITIES,  INC.:                              OPTIONEE:


By:  /s/Richard  H.  Crosser                            By: /s/Ronald W. Rooze
Richard  H.  Crosser,  President                     Ronald W. Rooze, Optionee


Exhibit  10.45

                         CROSSMANN COMMUNITIES,  INC.

                    OUTSIDE DIRECTOR STOCK OPTION AGREEMENT

     THIS  AGREEMENT  made  this  thirteenth  day  of  March,  by  and between
Crossmann  Communities, Inc., an Indiana corporation (the "Company") and Larry
S. Wechter (the "Optionee"), pursuant to the terms, conditions and limitations
contained  in the Outside Director Stock Option Plan, attached hereto and made
a  part  hereof  and  as  it  may  be amended from time to time hereafter (the
"Plan");

     WHEREAS,  the Board has determined that it is in the best interest of the
Company  and  appropriate to the stated purposes of the Plan, that the Company
grant  to  the  Optionee  an  option to purchase shares of Common Stock of the
Company  pursuant  to the terms and conditions of the Plan and this Agreement,

     NOW,  THEREFORE, the Company and the Optionee do hereby agree as follows:

     1.        Grant of Option.  The Company hereby grants to the Optionee the
right  and  option to purchase, pursuant to the terms and conditions contained
herein and in the Plan, all or any part of an aggregate of 1,000 shares of the
Common  Stock  of  the  Company  (the  "Option").

     2.     Option Price.  The Option price hereunder is $17.75 per share (the
"Option  Price")  which Option Price is equal to one hundred percent (100%) of
the  fair  market value of the Common Stock on the date of grant of the Option
(the  "Grant Date") under this Agreement, as determined under the terms of the
Plan.

     3.       Exercise of Option.  The Option shall be exercisable as of March
13,  1996,  and  shall continue to be exercisable subject to the provisions of
Section  4,  6  and  7,  until  the  tenth  anniversary of the Grant Date (the
"Expiration  Date").

          (a)          Method  of  Exercise.  The Option shall be exercised by
written  notice,  which  shall:

               (i)       state the election to exercise the Option, the number
of  shares  in  respect of which it is being exercised, the person(s) in whose
name(s)  the  stock  certificate(s) for such shares is (are) to be registered,
including  pertinent  address(es)  and  Social  Security  Number(s);

               (ii)       contain such representations and agreements, if any,
as  may  be  required  by  the  Company's  counsel  relative  to  the holder's
investment  intent  regarding  such  shares;

               (iii)          be  signed  by  the  Optionee;  and

               (iv)      be in writing and delivered in person or by certified
mail  to  the  Chairman  of  the  Board  of  the  Company.

          The  Option  may not be exercised if the issuance of the shares upon
such  exercise could constitute a violation of any applicable Federal or state
securities  or  other law or valid regulation.  As a condition to his exercise
of  the  Option,  the  Company may require the person exercising the Option to
make  any  representation or warranty to the Company as may be required by any
applicable  law  or  regulation.

          (b)     Payment Upon Exercise of Option.  Payment of the full Option
Price  for  shares  upon  which  the  Option  is exercised shall accompany the
written  notice  of  exercise  described above.  The Company shall cause to be
issued  and  delivered  to  the  Optionee the certificate(s) representing such
shares  as soon as practicable following the receipt of the notice and payment
described  above.

          (c)     Limitation on Exercise of Option.  Notwithstanding any other
provision  of  this Agreement to the contrary, the aggregate fair market value
(determined  as  of  the  Grant  Date) of the Common Stock of the Company with
respect  to  which  the  Option  is  exercisable for the first time during any
calendar year, under all such incentive stock option plans (as defined in Code
Section  422A)  of the Company and any parent or subsidiary corporations shall
not  exceed  One  Hundred  Thousand  Dollars  ($100,000.00).

          (d)         No Obligation to Exercise Option.  This grant of options
shall  impose  no  obligation  upon the Optionee to exercise any such Options.

     4.          Nontransferability  of  Option.    The  Option  shall  not be
transferable  or assignable by the Optionee.  The Option shall be exercisable,
during  the  Optionee's lifetime, only by him or her.  The Option shall not be
pledged  or  hypothecated  in  any way, and shall not be subject to execution,
attachment  or  similar  process.  Any attempted transfer, assignment, pledge,
hypothecation  or  other  disposition of the Option contrary to the provisions
hereof,  and  the levy of any process upon the Option, shall be null, void and
without  effect.

     5.      Termination of Employment.   In the event Optionee shall cease to
be  employed  by  the  Company, all options granted to the Optionee under this
Agreement  shall terminate immediately as to the unexercised portion thereof. 
In  the  event of the death of an Optionee while in employ of the Company, the
Optionee's  personal  representative shall have the right subject to Section 3
of  this  Agreement  and the Plan, to exercise any and all Options which could
have  been  exercised  on  the date of death, at any time within twelve months
from  the  date  of  death.

     6.          Effect  of  Amendment,  Suspension or Termination of Existing
Options.    No amendment, suspension or termination of the Plan shall, without
the  Optionee's  consent,  alter or impair any of the rights or obligations of
the Company or the Optionee with respect to the Option granted under the terms
of  this  Agreement.

     7.       Restrictions on Issuing Shares.   The Company's shares shall not
be issued pursuant to the exercise of the Option unless the transferability of
the  shares so issued and/or the actual issuance of the shares comply with all
relevant provisions of law, including but not limited to, the (i) limitations,
if  any, imposed by the Sate of Indiana, (ii) restrictions, if any, imposed by
the  Securities  Act of 1933, as amended, the Securities Exchange Act of 1934,
as  amended,  and  the  rules and regulations promulgated by the United States
Securities  and  Exchange Commission thereunder, and (iii) requirements of any
stock  exchange  upon  which  the  shares  may  then  be  listed.   The Inside
Directors,  shall,  in  its sole discretion, determine if such restrictions or
such  issuance  of  shares  so  complies  with all relevant provisions of law.

          (a)          Withholding  of Taxes.  Shares shall not be issued upon
exercise  of the     Option unless and until withholding tax, if any, or other
withholding  liabilities,  if any, imposed by any governmental entity have, in
the  opinion  of  the  Inside Directors, been satisfied or provision for their
satisfaction  has  been  made.

          (b)        Other Restrictions.  The Inside Directors may at the time
shares  are      actually issued pursuant to the exercise of the Option, place
such further restrictions on the transferability of any shares of Common Stock
to  be issued to the Optionee upon the exercise of the Option as the Board, in
its  sole  discretion,  determines to be reasonable, appropriate or necessary.

          (c)      No Rights Vested as a Shareholder.  The Optionee and/or his
successor     in interest shall not have any of the rights of a shareholder of
the  Company  by  reason  of  the  grant  of  the  Option until such Option is
exercised  and  optioned  shares  are  issued  pursuant  to  such  Option.

     8.          Adjustments.    In the event of any Company recapitalization,
dissolution,  liquidation  or  reorganization, the adjustments described under
the  terms  of  the  Plan  shall  be  applied.

     9.        Acknowledgment.  The Optionee acknowledges receipt of a copy of
the  Plan, a copy of which is attached hereto, and represents that Optionee is
familiar with the terms and provisions thereof, and hereby accepts this Option
subject  to  all  the terms and provisions thereof.  Optionee hereby agrees to
accept  as  binding,  conclusive and final all decisions or interpretations of
the  Board  upon  any  questions  arising  under  the  Plan.

     IN  WITNESS  WHEREOF,  the Company, by its authorized representative, and
the Optionee have entered into this Agreement on the date first written above.

CROSSMANN  COMMUNITIES,  INC.:                              OPTIONEE:


By:  /s/Richard  H.  Crosser                           By: /s/Larry S. Wechter
Richard  H.  Crosser,  President                    Larry S. Wechter, Optionee



Exhibit  10.46

                         CROSSMANN COMMUNITIES,  INC.

                    OUTSIDE DIRECTOR STOCK OPTION AGREEMENT

     THIS  AGREEMENT  made  this  thirteenth  day  of  March,  by  and between
Crossmann  Communities, Inc., an Indiana corporation (the "Company") and James
C.  Shook  (the "Optionee"), pursuant to the terms, conditions and limitations
contained  in the Outside Director Stock Option Plan, attached hereto and made
a  part  hereof  and  as  it  may  be amended from time to time hereafter (the
"Plan");

     WHEREAS,  the Board has determined that it is in the best interest of the
Company  and  appropriate to the stated purposes of the Plan, that the Company
grant  to  the  Optionee  an  option to purchase shares of Common Stock of the
Company  pursuant  to the terms and conditions of the Plan and this Agreement,

     NOW,  THEREFORE, the Company and the Optionee do hereby agree as follows:

     1.        Grant of Option.  The Company hereby grants to the Optionee the
right  and  option to purchase, pursuant to the terms and conditions contained
herein and in the Plan, all or any part of an aggregate of 1,000 shares of the
Common  Stock  of  the  Company  (the  "Option").

     2.     Option Price.  The Option price hereunder is $17.75 per share (the
"Option  Price")  which Option Price is equal to one hundred percent (100%) of
the  fair  market value of the Common Stock on the date of grant of the Option
(the  "Grant Date") under this Agreement, as determined under the terms of the
Plan.

     3.       Exercise of Option.  The Option shall be exercisable as of March
13,  1996,  and  shall continue to be exercisable subject to the provisions of
Section  4,  6  and  7,  until  the  tenth  anniversary of the Grant Date (the
"Expiration  Date").

          (a)          Method  of  Exercise.  The Option shall be exercised by
written  notice,  which  shall:

               (i)       state the election to exercise the Option, the number
of  shares  in  respect of which it is being exercised, the person(s) in whose
name(s)  the  stock  certificate(s) for such shares is (are) to be registered,
including  pertinent  address(es)  and  Social  Security  Number(s);

               (ii)       contain such representations and agreements, if any,
as  may  be  required  by  the  Company's  counsel  relative  to  the holder's
investment  intent  regarding  such  shares;

               (iii)          be  signed  by  the  Optionee;  and

               (iv)      be in writing and delivered in person or by certified
mail  to  the  Chairman  of  the  Board  of  the  Company.

          The  Option  may not be exercised if the issuance of the shares upon
such  exercise could constitute a violation of any applicable Federal or state
securities  or  other law or valid regulation.  As a condition to his exercise
of  the  Option,  the  Company may require the person exercising the Option to
make  any  representation or warranty to the Company as may be required by any
applicable  law  or  regulation.

          (b)     Payment Upon Exercise of Option.  Payment of the full Option
Pricefor shares upon which the Option is exercised shall accompany the written
notice  of exercise described above.  The Company shall cause to be issued and
delivered  to the Optionee the certificate(s) representing such shares as soon
as  practicable  following  the  receipt  of  the notice and payment described
above.

          (c)     Limitation on Exercise of Option.  Notwithstanding any other
provision  of  this Agreement to the contrary, the aggregate fair market value
(determined  as  of  the  Grant  Date) of the Common Stock of the Company with
respect  to  which  the  Option  is  exercisable for the first time during any
calendar year, under all such incentive stock option plans (as defined in Code
Section  422A)  of the Company and any parent or subsidiary corporations shall
not  exceed  One  Hundred  Thousand  Dollars  ($100,000.00).

          (d)         No Obligation to Exercise Option.  This grant of options
shall  impose  no  obligation  upon the Optionee to exercise any such Options.

     4.          Nontransferability  of  Option.    The  Option  shall  not be
transferable  or assignable by the Optionee.  The Option shall be exercisable,
during  the  Optionee's lifetime, only by him or her.  The Option shall not be
pledged  or  hypothecated  in  any way, and shall not be subject to execution,
attachment  or  similar  process.  Any attempted transfer, assignment, pledge,
hypothecation  or  other  disposition of the Option contrary to the provisions
hereof,  and  the levy of any process upon the Option, shall be null, void and
without  effect.

     5.      Termination of Employment.   In the event Optionee shall cease to
be  employed  by  the  Company, all options granted to the Optionee under this
Agreement  shall terminate immediately as to the unexercised portion thereof. 
In  the  event of the death of an Optionee while in employ of the Company, the
Optionee's  personal  representative shall have the right subject to Section 3
of  this  Agreement  and the Plan, to exercise any and all Options which could
have  been  exercised  on  the date of death, at any time within twelve months
from  the  date  of  death.

     6.          Effect  of  Amendment,  Suspension or Termination of Existing
Options.    No amendment, suspension or termination of the Plan shall, without
the  Optionee's  consent,  alter or impair any of the rights or obligations of
the Company or the Optionee with respect to the Option granted under the terms
of  this  Agreement.

     7.       Restrictions on Issuing Shares.   The Company's shares shall not
be issued pursuant to the exercise of the Option unless the transferability of
the  shares so issued and/or the actual issuance of the shares comply with all
relevant provisions of law, including but not limited to, the (i) limitations,
if  any, imposed by the Sate of Indiana, (ii) restrictions, if any, imposed by
the  Securities  Act of 1933, as amended, the Securities Exchange Act of 1934,
as  amended,  and  the  rules and regulations promulgated by the United States
Securities  and  Exchange Commission thereunder, and (iii) requirements of any
stock  exchange  upon  which  the  shares  may  then  be  listed.   The Inside
Directors,  shall,  in  its sole discretion, determine if such restrictions or
such  issuance  of  shares  so  complies  with all relevant provisions of law.

          (a)          Withholding  of Taxes.  Shares shall not be issued upon
exercise  of  theOption  unless  and  until  withholding tax, if any, or other
withholding  liabilities,  if any, imposed by any governmental entity have, in
the  opinion  of  the  Inside Directors, been satisfied or provision for their
satisfaction  has  been  made.

          (b)        Other Restrictions.  The Inside Directors may at the time
shares  are actually issued pursuant to the exercise of the Option, place such
further  restrictions  on the transferability of any shares of Common Stock to
be issued to the Optionee upon the exercise of the Option as the Board, in its
sole  discretion,  determines  to  be  reasonable,  appropriate  or necessary.

          (c)      No Rights Vested as a Shareholder.  The Optionee and/or his
successor in interest shall not have any of the rights of a shareholder of the
Company  by  reason  of the grant of the Option until such Option is exercised
and  optioned  shares  are  issued  pursuant  to  such  Option.

     8.          Adjustments.    In the event of any Company recapitalization,
dissolution,  liquidation  or  reorganization, the adjustments described under
the  terms  of  the  Plan  shall  be  applied.

     9.        Acknowledgment.  The Optionee acknowledges receipt of a copy of
the  Plan, a copy of which is attached hereto, and represents that Optionee is
familiar with the terms and provisions thereof, and hereby accepts this Option
subject  to  all  the terms and provisions thereof.  Optionee hereby agrees to
accept  as  binding,  conclusive and final all decisions or interpretations of
the  Board  upon  any  questions  arising  under  the  Plan.

     IN  WITNESS  WHEREOF,  the Company, by its authorized representative, and
the Optionee have entered into this Agreement on the date first written above.

CROSSMANN  COMMUNITIES,  INC.:                              OPTIONEE:


By:  /s/Richard  H.  Crosser                             By: /s/James C. Shook
Richard  H.  Crosser,  President                      James C. Shook, Optionee











<TABLE>

<CAPTION>

                              Crossmann Communities, Inc.
                  Exhibit 11.1 - Computation of Per Share Net Income
                         For the Year Ended December 31, 1996




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

Year Ended December 31, 1996:                                          Fully
                                                      Primary          Diluted
                                                      ----------       ----------     
Weighted Average Number of Shares:
         Average Common Shares Outstanding             6,099,995        6,099,995
              at December 31 1996
         Dilutive Effect of Common Stock Equivalents
              at December 31, 1996                        38,311           38,311
                                                      ----------       ----------     
Weighted Average Shares at December 31, 1996           6,138,306        6,138,306
                                                      ==========       ==========     
Net Income                                            15,065,628       15,065,628
                                                      ==========       ==========     
Net Income per Common Share                                 2.45  (1)        2.45  (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>






Exhibit  23.1

INDEPENDENT  AUDITORS'  CONSENT

We  consent  to  the incorporation by reference in Registration Statement Nos.
33-94568, 333-2626 and 333-4980 of Crossmann Communities, Inc. on Forms S-8 of
our  report  dated  February  14, 1997, appearing in the Annual Report on Form
10-K  of  Crossmann  Communities,  Inc.  for the year ended December 31, 1996.


DELOITTE  &  TOUCHE  LLP


Indianapolis,  Indiana
March  12,  1997








Exhibit  23.2


                        Consent of Independent Auditors



We  consent  to  the  incorporation by reference in the Registration Statement
(Form S-8 No. 33-94568) pertaining to the Crossmann Communities, Inc. Employee
Stock  Option  Plan,  the  Registration  Statement  (Form  S-8  No.  333-2626)
pertaining  to  the  Crossmann Communities, Inc. Outside Director Stock Option
Plan, and the Registration Statement (Form S-8 No. 333-4980) pertaining to the
Crossmann  Communities,  Inc.  401(k)  Profit Sharing Plan of our report dated
February  1,  1995,  except  for the 1995 Transaction portion of Note 5 to the
1994 financial statements as to which the date is March 28, 1995, with respect
to  consolidated  financial statements of Crossmann Communities, Inc. included
in  its  Annual  Report  on  Form  10-K  for the year ended December 31, 1996.


                                   ERNST  &  YOUNG  LLP

Indianapolis,  Indiana
March  7,  1997