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: March 22, 2006

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:

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01.                  Entry into a Material Definitive Agreement

Effective March 22, 2006, Beazer Homes USA, Inc. (the “Company”) amended (“First Amendment”) its four-year unsecured revolving credit facility (the “Credit Facility”) to increase the Company’s maximum land inventory ratio, defined as adjusted land value to the sum of consolidated tangible net worth credit plus 50% of consolidated subordinated debt (as those terms are defined in the Credit Facility) to 1.25 to 1.0.

No other changes were made to the Credit Facility.  The Credit Facility matures on August 21, 2009.  The First Amendment is attached as Exhibit 10.1 hereto and is incorporated herein by reference. The above description is qualified in its entirety by reference to Exhibit 10.1.

Item 9.01                     Financial Statements and Exhibits.

(d)     Exhibits

10.1                         First Amendment to Credit Agreement dated as of March 22, 2006, among Beazer Homes USA, Inc., as Borrower, the Lenders Parties Thereto and JPMorgan Chase Bank, N.A. as Administrative Agent

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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.

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EXHIBIT 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

                This FIRST AMENDMENT TO CREDIT AGREEMENT (“Amendment”), dated as of March 22, 2006, among BEAZER HOMES USA, INC., a Delaware corporation (the “Borrower”), those lenders that are identified on the signature pages hereto (hereinafter collectively referred to as the “Lenders”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”).

RECITALS

                WHEREAS, the Borrower, the Lenders and Administrative Agent are parties to that certain Credit Agreement dated as of August 22, 2005 (the “Credit Agreement”);

                WHEREAS, the parties hereto desire to amend the Credit Agreement to change the “Land Inventory” covenant contained in Section 7.05 of the Credit Agreement for the purposes set forth herein;

                NOW, THEREFORE, the parties hereto hereby agree as follows:

AGREEMENT

                1.  Land Inventory.  Section 7.05 of the Credit Agreement is hereby amended to change “1.0 to 1.0” to “1.25 to 1.0.”

                2.  Representations and Warranties.  The Borrower hereby certifies that the representations and warranties contained in Article IV of the Credit Agreement are correct on the date hereof as though made on and as of such date except to the extent that any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty is correct as of such earlier date.

                3.  Ratification.  The Credit Agreement, as amended hereby, is hereby ratified and remains in full force and effect.

                4.  Counterparts.  This Amendment may be executed in two or more counterparts, each of which may be executed by one or more of the parties hereto, but all of which, when taken together, shall constitute a single agreement binding on all the parties hereto.

                IN WITNESS WHEREOF, the Borrower and the Lenders have caused this

Amendment to be duly executed as of the date first above written.

SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT

WITH BEAZER HOMES USA, INC.