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Beazer Homes' Free National Video Webinar Aims to Simplify New Tax Credit Law for First-Time Homebuyers

August 18, 2008 at 10:02 AM EDT
  77 Percent of Survey Respondents Unaware of the Availability of $7,500 Tax
                                    Credit

ATLANTA, Aug. 18 /PRNewswire-FirstCall/ -- Beazer Homes USA, Inc. (NYSE: BZH), one of the nation's top-10 home builders, will host a free video webinar to help prospective first-time homebuyers learn about the benefits of the temporary tax credit introduced as part of the new Housing and Economic Recovery Act of 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080811/NEM042LOGO )

Taking place on Tues., Aug. 19 at 8 p.m. EDT, at www.beazer.com/webinar, Beazer will use the webinar as an opportunity to provide first-time homebuyers more information about the availability of up to a $7,500 tax credit and the home buying process in general. The complimentary webinar will conclude with a live question and answer session.

    What:   Free video webinar to educate first-time homebuyers on the
            benefits of the temporary $7,500 federal housing tax credit and
            home buying process in general

    Who:    Martin Hernandez, Vice-President, Beazer Homes

    When:   Tuesday, August 19, 2008, 8 p.m. Eastern

    Where:  www.beazer.com/webinar

Why: A survey of 1,029 adults with household incomes of $40,000 or more, conducted by Market Tools on behalf of Beazer Homes, August 5-6, found 77 percent of respondents to be unaware of the new temporary tax credit. However, 29 percent of survey respondents said the availability of such a credit would increase their likelihood of purchasing a new home now.

Twenty-five percent of survey respondents said they would be more likely to ask questions of home sellers and mortgage lenders if they could do so anonymously. Additionally, more than 60 percent of respondents reported that a free webinar or website was their preferred method of communication for information on the government tax credit.

The Housing and Economic Recovery Act: The Housing and Economic Recovery Act of 2008 authorizes up to a $7,500 tax credit for qualified first-time homebuyers purchasing homes on or after April 9, 2008 and before July 1, 2009. It was signed into law by President Bush July 30, 2008 to aid the housing industry and first-time homebuyers.

Beazer Homes: Beazer Homes USA Inc. (NYSE: BZH), headquartered in Atlanta, is one of the country's 10 largest single-family homebuilders. The Company is listed on the New York Stock Exchange under the ticker symbol "BZH." For more information, visit Beazer.com.

SOURCE Beazer Homes USA Inc. 08/18/2008
CONTACT:
Mandy Brooks of Beazer Homes USA Inc., 1-770-829-3755, 1-404-229-5931, mbrooks@beazer.com;
or
Elizabeth Walker, 1-856-988-0170, 1-443-803-8502, elizabethw@imrecommunications.com,
for Beazer Homes USA Inc.
Web site: http://Beazer.com (BZH)