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Beazer Homes and Masco Corporation Sign National Supplier Agreement

September 26, 2003 at 12:00 AM EDT

ATLANTA, Sept. 26 /PRNewswire-FirstCall/ -- Beazer Homes USA, Inc. (NYSE: BZH - News), and Masco Corporation (NYSE: MAS - News) today announced that they have signed an agreement in which Masco will become Beazer Homes' largest supplier and installer of insulation. Under the terms of the agreement, Masco Contractor Services, a wholly owned subsidiary of Masco Corporation, will install insulation in the majority of homes constructed by Beazer. In addition to insulation, Masco supplies a wide variety of its home improvement and building products to Beazer Homes.

Ian J. McCarthy, President and Chief Executive Officer of Beazer Homes, said, "We are pleased that we have strengthened our partnership with Masco, a company with a reputation for excellence in quality and customer service. This partnership reflects Beazer Homes' commitment and efforts to strategically reduce costs in order to deliver maximum value to both our customers and shareholders."

"Masco has always had an excellent relationship with Beazer Homes and we look forward to a long and mutually beneficial partnership," said Alan Barry, Masco President and Chief Operating Officer. "We believe this new partnership will be advantageous to both companies and presents an opportunity for Masco to expand its business with Beazer through providing a wide range of diversified products such as cabinets, windows, mirrors and shower doors."

This agreement with Masco is part of Beazer Homes' ongoing initiative to realize increased benefits for its clients and shareholders by focusing on national account initiatives and opportunities to optimize its supply chain initiatives in order to achieve lower overall production costs.

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.

Headquartered in Taylor, Mich., Masco Corporation is a leading provider of services that include the installation of insulation and other building products. In addition, Masco is one of the world's leading manufacturers of faucets, cabinets, architectural coatings and other brand-name home improvement and building products.

Masco Corporation's press releases and other information are available through the Company's toll free number, 1-888-MAS-NEWS, or you may visit Masco's website at www.masco.com.

Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform 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 changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in Beazer Homes USA, Inc.'s Annual Report for the year ended September 30, 2002.

Statements contained herein may include certain forward-looking statements regarding Masco's future sales, earnings growth potential and other developments. Actual results may vary materially because of external factors such as interest rate fluctuations, changes in consumer spending and other factors over which management has no control. Additional information about our products, markets and conditions, which could affect our future performance, is contained in the Company's filings with the Securities and Exchange Commission and is available on Masco's website at www.masco.com . Masco undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.