SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: November 2, 2005

BEAZER HOMES USA, INC.

(Exact name of registrant as specified in its charter)

1000 Abernathy Road, Suite 1200

Atlanta Georgia 30328

(Address of Principal

Executive Offices)

(770) 829-3700

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Item 2.02  Results of Operations and Financial Condition

                On November 2, 2005, Beazer Homes USA, Inc. reported earnings and results of operations for the quarter and fiscal year ended September 30, 2005.  A copy of this press release is attached hereto as exhibit 99.1.  For additional information, please see the press release.

Item 9.01  Financial Statements and Exhibits.

(c)  Exhibits

99.1                           Press release issued November 2, 2005.

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SIGNATURES

                Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

3

Exhibit 99.1

11/1/2005

8:33:38 AM

Beazer Homes Reports Record Fourth Quarter EPS of $3.61, up 98%

Company Issues Outlook for Diluted EPS of $10.50 for Fiscal Year 2006

ATLANTA, November 2, 2005 — Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced results for the quarter ended September 30, 2005, reporting a record for quarterly earnings per share.  Highlights of both the quarter and fiscal year ended September 30, 2005, compared to the same periods of the prior year, are as follows:

Quarter Ended September 30, 2005

Year Ended September 30, 2005

Record September Quarter

 “We are pleased to report that Beazer Homes finished the year with extremely strong results, once again surpassing numerous milestones,” said President and Chief Executive Officer, Ian J. McCarthy.  “We generated annual revenues of $5 billion on home closings of 18,146, up 28% and 10% from fiscal 2004, respectively, and both representing all-time company records.  For the September quarter, net earnings more than doubled to $164.4 million and revenues increased nearly 50% to $1.8 billion.  We believe these results, coupled with strong new order growth of 16%, reflect successful execution of our profitable growth initiatives. Furthermore, Beazer Homes believes its ongoing commitment to achieving increasingly profitable growth by leveraging its size, scale and geographic reach through its national brand will position the company well to take full advantage of the favorable long-term environment for the industry.”

“Beazer Homes’ backlog now stands at a fourth quarter record level of 9,233 homes with a sales value of $2.72

billion, up 9% and 22%, respectively, from the backlog homes and sales value a year ago. We believe this sizeable year-end backlog provides the basis for continued strong financial performance in fiscal 2006” added McCarthy.

Closings of 6,339 homes represents a quarterly record and resulted from year-over-year increases in all regions except the Midwest, where increased closings in Ohio and Kentucky were offset by a decline in Indiana.

The growth in new home orders for the quarter resulted from increases in all regions except the West.  In the West, community opening delays in Nevada and California resulted in fewer available sales opportunities during the period than previously expected.

Strong Financial Performance in September Quarter

“We achieved record earnings and greatly improved margins this quarter as our on-going focus on profitable growth and heightened attention to backlog conversion yielded significant returns,” said James O’Leary, Executive Vice President and Chief Financial Officer. “Substantially increased margins for the quarter resulted from our continued execution of specific strategic initiatives focused on maximizing profitability and organic growth.”

During the fourth quarter of fiscal 2005, the company realized increases over the prior year in its home construction gross margin, total gross margin and operating income margin of 350 basis points, 340 basis points, and 350 basis points, respectively, as the company continued to realize benefits from the execution of its profitable growth strategy.  Margins were also favorably impacted by continued strong pricing in most major markets.  In the prior year fourth fiscal quarter, the company incurred warranty costs associated with Trinity Homes, LLC and increased marketing costs associated with the company’s branding initiative, totaling in the aggregate $18.5 million, and having an impact of approximately 150 basis points on operating margin. Also, during the fourth quarter of fiscal 2005, the company benefited from a favorable tax adjustment which reduced tax expense by approximately $4.0 million or $0.09 per diluted share.

Fiscal 2006 EPS Outlook

“Our strong level of backlog, coupled with our current expectations for further competitive advantages for large public builders such as Beazer Homes provide us confidence in our future growth opportunities,” said McCarthy.  “In addition, we expect continued execution of our profitable growth strategy to capitalize on our broad geographic profile through focused product expansion, leveraging our national brand and achieving optimal efficiencies, will result in continued growth and meaningfully enhanced shareholder value.  As such, our initial outlook for fiscal 2006 diluted earnings per share is $10.50 per share, representing growth of 20% over adjusted earnings per share of $8.72 in fiscal 2005.  In addition, we are presently evaluating our capital allocation strategies, including our existing Share repurchase authorization of approximately 2.0 million shares, within the current environment in order to optimize the utilization of our capital resources.  Any impact this evaluation would have on our outlook will be addressed prospectively.”

Conference Call

The company will hold a conference call today, November 2, 2005, at 1:00 PM ET to discuss the results and take questions.  You may listen to the conference call and view the company’s slide presentation over the internet by going to the “Investor Relations” section of the company’s website at www.beazer.com.  To access the conference call by telephone, listeners should dial 800-369-1904.  To be admitted to the call, verbally supply the passcode “BZH”. A replay of the call will be available shortly after the conclusion of the live call. To directly access the replay, dial 800-846-6092 (available until 5:00 PM ET on November 9, 2005), or visit www.beazer.com.

Beazer Homes USA, Inc., headquartered in Atlanta, 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, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia and also provides mortgage origination and title services to its homebuyers.  Beazer Homes, a Fortune 500 company, is listed on the New York Stock Exchange under the ticker symbol “BZH.”

Use of Non-GAAP Financial Information

In addition to the results in this press release reported in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company has provided information regarding adjusted operating income margin, net income and earnings per share which excludes the effects of the non-cash goodwill impairment charge recorded during

the second quarter of fiscal 2005.  Management believes that these adjusted financial results are useful to both management and investors in the analysis of the Company’s financial performance when comparing it to prior periods and that they provide investors with an important perspective on the current underlying operating performance of the business by isolating the impact of a non-cash adjustment related to a previous acquisition.

Below is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP:

Forward-Looking Statements

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, potential liability as a result of construction defect, product liability and warranty claims, the possibility that the company’s improvement plan for the Midwest and strategies to broaden target price points and lessen dependence on the entry-level segment in certain markets will not achieve desired results, and other factors described in the Company’s Annual Report on Form 10-K for the year ended September 30, 2004, Quarterly Report on Form 10-Q for the quarter ended June 30, 2005 and Form S-4 filed with the Securities and Exchange Commission on August 3, 2005.

-Tables Follow-

BEAZER HOMES USA, INC.

CONSOLIDATED OPERATING AND FINANCIAL DATA

(Dollars in thousands, except per share amounts)

FINANCIAL DATA

OPERATING DATA