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Beazer Homes USA Announces Filing of $300 Million Universal Shelf Registration Statement

January 19, 2000 at 10:09 AM EST

ATLANTA, Jan. 19 /PRNewswire/ -- Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced that it filed a $300 million universal shelf registration statement with the Securities and Exchange Commission on January 18, 2000. Pursuant to the filing, the Company may, from time to time over an extended period, offer new debt, and/or equity securities. This shelf registration will allow the Company to expediently access capital markets periodically in the future. The timing and amount of offerings, if any, will depend on market and general business conditions. Net proceeds from the sale of securities would be used for general business purposes, which could include acquisitions.

The Company has filed a registration statement on Form S-3 with the Securities and Exchange Commission, which has not yet become effective. Securities may not be sold nor may offers to buy such securities be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders, with operations in Arizona, California, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Note: Certain statements in this Press Release 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, changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report for the year ended September 30, 1999.

SOURCE Beazer Homes USA, Inc.

CONTACT: David S. Weiss, Executive Vice President and Chief Financial Officer of Beazer Homes USA, Inc., 404-250-3420, dweiss@beazer.com/