FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * SCHOTTENSTEIN STEVEN   2. Issuer Name and Ticker or Trading Symbol M I HOMES INC [MHO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman and COO (Last) (First) (Middle) 3 EASTON OVAL 3. Date of Earliest Transaction (Month/Day/Year) 02/17/2006 (Street) COLUMBUS, OH 43219 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 02/17/2006   M   2,192 A (1) 2,192 (2) D   Common Shares 02/21/2006   S   158 D $ 42.16 2,034 (2) D   Common Shares 02/21/2006   S   100 D $ 42.17 1,934 (2) D   Common Shares 02/21/2006   S   50 D $ 42.03 1,884 (2) D   Common Shares 02/21/2006   S   50 D $ 42 1,834 (2) D   Common Shares 02/21/2006   S   50 D $ 42.03 1,784 (2) D   Common Shares 02/21/2006   S   250 D $ 42.04 1,534 (2) D   Common Shares 02/21/2006   S   100 D $ 42.06 1,434 (2) D   Common Shares 02/21/2006   S   50 D $ 42.07 1,384 (2) D   Common Shares 02/21/2006   S   100 D $ 41.89 1,284 (2) D   Common Shares 02/21/2006   S   150 D $ 41.77 1,134 (2) D   Common Shares 02/21/2006   S   50 D $ 41.51 1,084 (2) D   Common Shares 02/21/2006   S   100 D $ 41.5 984 (2) D   Common Shares 02/21/2006   S   100 D $ 41.52 884 (2) D   Common Shares 02/21/2006   S   884 D $ 41.3 0 (2) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock (3)

(4)

02/17/2006

M

2,192

02/17/2006

02/17/2006

Common Shares

2,192

(3)

4,663

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SCHOTTENSTEIN STEVEN 3 EASTON OVAL COLUMBUS, OH 43219	X		Vice Chairman and COO

Signatures

Phillip G. Creek, attorney-in-fact for Steven Schottenstein		02/22/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Common Shares acquired pursuant to 1-for-1 exchange of Phamtom Stock units (see Table II).
(2)	Steven Schottenstein also indirectly owns 905,800 Common Shares as sole manager of IES Family Holdings, No. 4, LLC, an Ohio limited liability company.
(3)	The Phantom Stock units accrued from time to time under the M/I Homes, Inc. Executives' Deferred Compensation Plan (the "Plan") in lieu of cash payment of a portion of the reporting person's annual bonus for fiscal year 2002. All such Phantom Stock units were accrued for the reporting person's account based upon either the (i) average of the closing prices of the Common Shares on the New York Stock Exchange on the last business day of each calendar quarter during the year preceding allocation of the Phantom Stock units to the reporting person's deferred compensation account under the Plan, or (ii) closing price of the Common Shares on the New York Stock Exchange on the date of allocation of such Phantom Stock units to the reporting person's deferred compensation account under the Plan.
(4)	1-for-1

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