Investors | News Releases | Beazer Homes USA, Inc. Reports Home Orders for the Month and Quarter Ended March 31, 2002

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Beazer Homes USA, Inc. Reports Home Orders for the Month and Quarter Ended March 31, 2002

April 3, 2002 at 4:26 PM EST
ATLANTA, Apr 3, 2002 /PRNewswire-FirstCall via COMTEX/ -- Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com ) today released preliminary unit net orders for the month and quarter ended March 31, 2002.

                                    New Orders (units)    New Orders (units)
                                      For the Month       For the Three Months
                                     Ended March 31,         Ended March 31,
                                   2002   2001   Change   2002   2001   Change
    Southeast                        370    476  -22.3%   1,098  1,271  -13.6%
    West                             462    330   40.0%   1,273  1,035   23.0%
    Central                          144    120   20.0%     358    305   17.4%
    Mid-Atlantic                     151    158   -4.4%     413    417   -1.0%
    Total                          1,127  1,084    4.0%   3,142  3,028    3.8%

New orders for the West region include 24 and 67 units for the one and three-month periods ended March 31, 2002, respectively, from Sanford Homes of Colorado. Beazer acquired Sanford Homes effective August 1, 2001.

New orders for the one-month periods ended March 31, 2002 and 2001 include 0 and 70 units, respectively, for affordable housing developments being built through governmental programs. New orders for the three-month periods ended March 31, 2002 and 2001 include 63 and 107 units, respectively, being built through such programs.

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, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.

SOURCE Beazer Homes USA, Inc.

CONTACT:
David S. Weiss,
Executive Vice President and Chief Financial Officer of Beazer Homes USA, Inc.,
1-404-250-3420,
or
dweiss@beazer.com
URL: http://www.beazer.com

Copyright (C) 2002 PR Newswire. All rights reserved.