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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 17, 2002

Beazer Homes USA, Inc.
(Exact name of registrant as specified in its charter)

Delaware   001-12822   58-2086934
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

5775 Peachtree Dunwoody Road, Suite B-200, Atlanta, Georgia 30342
(Address of Principal Executive Offices)

(404) 250-3420
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)


Item 7. Financial Statements and Exhibits.

(a)
Financial Statements of Business Acquired

        The consolidated financial statements for Crossmann Communities, Inc. as of December 31, 2001 and 2000 and for each of the three years ended December 31, 2001 and the report thereon of Deloitte & Touche LLP, independent auditors, are incorporated by reference from Crossmann's Annual Report on Form 10-K for the year ended December 31, 2001.

        The consolidated unaudited financial statements for Crossmann Communities, Inc. as of March 31, 2002 and for the three months ended March 31, 2002 and 2001 are attached as Exhibit 99.2.

(b)
Pro Forma Financial Information.

        In accordance with Item 7(b), attached as Exhibit 99.1 are the Beazer Homes USA, Inc. unaudited pro forma condensed combined balance sheet as of March 31, 2002, the unaudited pro forma condensed combined statement of operations for the six months ended March 31, 2002, and the unaudited pro forma condensed combined statement of operations for the year ended September 30, 2001.

(c)
Exhibits

Exhibit Number
    
99.1   Beazer Homes USA, Inc. unaudited pro forma condensed combined balance sheet as of March 31, 2002, the unaudited pro forma condensed combined statement of operations for the six months ended March 31, 2002, and the unaudited pro forma condensed combined statement of operations for the year ended September 30, 2001.

99.2
 
Consolidated unaudited financial statements of Crossmann Communities, Inc. as of March 31, 2002 and for the three months ended March 31, 2002 and 2001.

99.3
 
Consent of Deloitte & Touche LLP


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, thereunto duly authorized.

    Beazer Homes USA, Inc.

July 1, 2002
Date
 
By:
 
/s/  DAVID S. WEISS      
David S. Weiss,
 Executive Vice President and
Chief Financial Officer


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SIGNATURES

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EXHIBIT 99.1

        The following unaudited pro forma condensed combined statements of operations for the year ended September 30, 2001 and the six months ended March 31, 2002, and the unaudited condensed combined balance sheet as of March 31, 2002 have been prepared to reflect our purchase of the common stock of Crossmann Communities, Inc. ("Crossmann"). On April 17, 2002, Crossmann merged into a wholly owned subsidiary, Beazer Homes Investment Corp. The total purchase price for Crossmann's common stock was $511.4 million, which includes the value of the cash and equity consideration and estimated merger costs. The aggregate consideration paid in the merger consists of approximately $191.3 million in cash and approximately 3.85 million shares of our common stock (valued at $308.1 million). The purchase price includes $17.60 in cash per Crossmann share outstanding as of March 31, 2002, and 0.3544 of a share of Beazer common stock for each share of Crossmann common stock outstanding as of March 31, 2002. This calculation, which was made in accordance with the provisions of the merger agreement, is based upon the final exchange ratio of 0.3544, which was determined by using the average closing price of Beazer's common stock, as reported on the New York Stock Exchange, for the 15 consecutive trading days ending on, and including, the third trading day prior to the Crossmann shareholder meeting. The Beazer common stock has been valued for accounting purposes at $80 per share, the average market price of Beazer's common stock a few days before and after the date of finalization of the exchange ratio. The unaudited pro forma condensed combined balance sheet reflects the combined financial position of Beazer and Crossmann as of March 31, 2002, assuming that the acquisition of Crossmann by Beazer had taken place on March 31, 2002. The unaudited pro forma condensed combined statements of operations reflect the combined results of operations of Beazer and Crossmann assuming that the merger had taken place on October 1, 2000.

        On March 18, 2002, Crossmann notified the holders of its outstanding 75/8% Senior Notes due 2004 and 73/4% Senior Notes due 2008 that it would exercise its option to prepay all of such outstanding notes, for a price equal to the outstanding principal amount and accrued but unpaid interest thereon, plus a make-whole amount. The notes were prepaid on April 17, 2002. The make-whole amount was approximately $0.5 million with respect to the 75/8% Senior Notes due 2004 and $4.8 million with respect to the 73/4% Senior Notes due 2008. The Crossmann Credit facility was also paid off and cancelled on April 17, 2002.

        The acquisition of Crossmann was financed with our offering of unsecured senior notes having an aggregate principal amount of $350 million, on which we pay interest semi-annually at a rate of 83/8% and which mature in April 2012.

        Under accounting principles generally accepted in the United States of America, the merger of Crossmann into our subsidiary will be accounted for under the purchase method. The valuations and other studies required to determine the fair value of the Crossmann assets acquired and liabilities assumed are currently being performed. As a result, the excess purchase price has tentatively been allocated to goodwill and the purchase price will be allocated to the Crossmann tangible and intangible assets acquired and liabilities assumed based on their respective fair values, with the excess to be allocated to goodwill. Accordingly, the related adjustments reflected in the unaudited pro forma condensed combined financial statements are preliminary and subject to adjustments, which could be material, as further fair value information is obtained.

        On August 1, 2001, we acquired the residential homebuilding operations of Sanford Homes of Colorado LLLP and April Corporation, collectively referred to herein as Sanford. The assets, liabilities and operating results of Sanford have been included in our historical financial statements since the acquisition date. However, the accompanying pro forma condensed combined statement of operations for the year ended September 30, 2001 also assumes that the acquisition of Sanford had been completed on October 1, 2000.

        Pro forma adjustments have been made in the accompanying statements to reflect the impact of purchase accounting for and financing of the Crossmann and Sanford acquisitions under Statement of Financial Accounting Standards No. 141 "Business Combinations". Goodwill arising from the Sanford


acquisition is not, and goodwill arising from the Crossmann acquisition will not be, amortized in our historical financial statements and accordingly is not amortized in the accompanying pro forma statements of operations. This goodwill will be subject to impairment tests in the future.

        The unaudited pro forma condensed combined financial information is provided for comparative purposes only and does not purport to be indicative of the results that would actually have been obtained had the acquisition been effected on October 1, 2000 nor of the results which may be obtained in the future. The unaudited pro forma condensed combined financial information should be read in conjunction with our historical financial statements and notes thereto from our Annual Report on Form 10-K for the year ended September 30, 2001, our historical financial statements and notes thereto from our quarterly reports on Form 10-Q for the quarters ended December 31, 2001 and March 31, 2002, the historical financial statements and notes thereto of Crossmann from Crossmann's Annual Report on Form 10-K for the year ended December 31, 2001, the unaudited consolidated financial statements and notes of Crossmann as of March 31, 2002 included herein, and the historical combined financial statements and notes of Sanford from our Current Report on Form 8-K/A dated October 15, 2001.


BEAZER HOMES USA, INC.

Unaudited Pro Forma Condensed Combined Balance Sheet

March 31, 2002
($ in thousands)

 
   Beazer
Historical(1)
   Crossmann
Historical(1)
   Pro Forma
Adjustments
   Beazer
Pro Forma
Combined
ASSETS                        
Cash and cash equivalents   $ —   $ 7,948   $ (191,295 )(3) $ 23,420
                  206,767 (4)    
Inventory     923,831     330,889     —     1,254,720
Property, plant and equipment, net     12,781     10,185     —     22,966
Goodwill, net     14,094     20,606     242,718 (3)   277,418
Other assets     67,750     53,773     1,000 (4)   122,523
   
 
 
 
  Total assets   $ 1,018,456   $ 423,401   $ 259,190   $ 1,701,047
   
 
 
 

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
Trade accounts payable   $ 69,630   $ 14,180   $ —   $ 83,810
Other payables and accrued liabilities     152,539     17,275     —     169,814
Revolving credit facility     —     59,600     (59,600 )(4)   0
Senior notes     395,522     58,333 (2)   (58,333 )(4)   738,522
                  343,000 (4)    
   
 
 
 
  Total liabilities     617,691     149,388     225,067     992,146

Stockholders' equity
 
 
400,765
 
 
274,013
 
 
308,136
(3)
 
708,901
                  (274,013 )(5)    
   
 
 
 
Total liabilities and stockholders' equity   $ 1,018,456   $ 423,401   $ 259,190   $ 1,701,047
   
 
 
 

        Pro forma adjustments to unaudited condensed combined balance sheet as of March 31, 2002:

(1)
For purposes of this unaudited pro forma condensed combined balance sheet, our and Crossmann's balance sheets have been included as of March 31, 2002 and have been derived from our unaudited financial statements and Crossmann's unaudited financial statements.

(2)
On March 18, 2002, Crossmann sent the holders of its outstanding 75/8% Senior Notes due 2004 and 73/4% Senior Notes due 2008 a notice that Crossmann exercised its option to prepay all of such
(3)
Reflects the acquisition of Crossmann for cash and shares of Beazer common stock. A preliminary estimate of the excess of the purchase price over identifiable tangible and intangible net assets of Crossmann is summarized as follows:

Purchase price(a):        
Cash ($17.60 per Crossmann share)   $ 191,295  
Beazer Common Stock ($28.35 per Crossmann share)     308,136  
   
 
  Purchase price of acquisition     499,431  
Estimated merger expenses(b)     12,000  
   
 
  Total cost of acquisition     511,431  
Less net book value of Crossmann     (274,013 )
Plus make-whole premium (see note 2)     5,300  
   
 
Excess purchase price to be assigned in acquisition, tentatively allocated to goodwill   $ 242,718  
   
 
(4)
Reflects the issuance of $350 million of senior notes (net of discount and estimated issuance costs of $7.0 million and $1.0 million, respectively) and the application of the proceeds from these notes (i) to fund the cash portion of the acquisition of Crossmann, (ii) to repay Crossmann's outstanding indebtedness including the make-whole premium (see note 2) and (iii) to reduce borrowings under our revolving credit facility.

(5)
To eliminate the historical stockholders' equity of Crossmann.


BEAZER HOMES USA, INC.

Unaudited Pro Forma Condensed Combined Statement of Operations

Year Ended September 30, 2001

(in thousands, except per share data)

 
   Beazer
Historical(1)
   Sanford
Historical(2)
   Crossmann
Historical(3)
   Pro
Forma
Adjustments
   Beazer
Pro
Forma
Combined
Total revenue   $ 1,805,177   $ 105,054   $ 798,356   $ —   $ 2,708,587

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Home construction and land sales     1,444,215     76,271     624,648     5,500 (5)   2,138,834
                        (11,800 )(7)    
  Selling, general and administrative     205,498     11,574     86,312     (5,500 )(5)   297,884
  Interest     33,235     1,170     —     1,500 (4)   67,118
                        19,413 (6)    
                        11,800 (7)    
   
 
 
 
 

Operating income
 
 
122,229
 
 
16,039
 
 
87,396
 
 
(20,913
)
 
204,751
Other income (expense), net     1,721     534     1,350     —     3,605
   
 
 
 
 
Income before income taxes     123,950     16,573     88,746     (20,913 )   208,356
Provision for income taxes     48,341     1,222     35,063     5,324 (8)   82,301
                        (7,649 )(9)    
   
 
 
 
 
Net income before extraordinary item(10)   $ 75,609   $ 15,351   $ 53,683   $ (18,588 ) $ 126,055
   
 
 
 
 

Weighted average number of shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     8,145                 3,852     11,997
  Diluted     9,156                 3,852     13,008

Net income before extraordinary item per common share(10):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 9.28                     $ 10.51
   
                   
  Diluted   $ 8.26                     $ 9.69
   
                   

        Pro forma adjustments to unaudited condensed combined statements of operations for the year ended September 30, 2001:

(1)
For purposes of this unaudited pro forma condensed combined statement of operations, our results of operations have been included for our year ended September 30, 2001 and have been derived from our audited financial statements.

(2)
We acquired the residential homebuilding operations of Sanford on August 1, 2001, and our historical statement of operations includes these operations subsequent to such date. Accordingly, this column includes the results of Sanford's operations for the ten months ended July 31, 2001 (prior to their acquisition by us) derived from Sanford's unaudited combined financial statements.

(3)
For purposes of this unaudited pro forma condensed combined statement of operations, Crossmann's results of operations have been included for its year ended December 31, 2001 and have been derived from its audited financial statements. Accordingly, this pro forma statement includes revenues and net income for Crossmann's quarter ended December 31, 2001of $264,133 and $19,197, respectively, and excludes revenues and net income for Crossmann's quarter ended December 31, 2000 of $212,055 and $11,284, respectively.
(4)
To impute interest of $2.2 million on the aggregate purchase price of Sanford and to adjust Sanford's average borrowing rate to our average borrowing rate for the period October 1, 2000 to July 31, 2001 to 7.98%, and to eliminate loan guarantee fees paid to an affiliate of $0.7 million.

(5)
To reclassify certain expenses of Crossmann totaling $5.5 million from general and administrative expenses to cost of sales, principally for warranty and general liability insurance, to conform to our presentation.

(6)
To impute interest and amortization of debt discount and issuance costs on the $350 million 83/8% notes to be issued to finance the Crossmann acquisition, net of interest incurred by Crossmann during 2001 on its notes payable and revolver borrowings.

(7)
To reclassify amortization of capitalized interest of Crossmann of $11.8 million to conform to our presentation.

(8)
To provide income taxes on SHOC's results based upon a 39.5% expected effective rate. SHOC was organized as a limited liability partnership and, therefore, did not record income taxes.

(9)
To tax effect the pro forma adjustments and to adjust historical tax rates based on the expected effective income tax rate of 39.5% for the combined companies.

(10)
Does not include Beazer's extraordinary loss on extinguishment of debt of $0.7 million, net of taxes.


BEAZER HOMES USA, INC.

Unaudited Pro Forma Condensed Combined Statement of Operations

Six Months Ended March 31, 2002

(in thousands, except per share data)

 
   Beazer
Historical(1)
   Crossmann
Historical(1)
   Pro Forma
Adjustments
   Beazer
Pro Forma
Combined
Total revenue   $ 993,029   $ 405,688   $ —   $ 1,398,717

Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
  Home construction and land sales     794,047     315,468     3,400 (2)   1,106,915
                  (6,000 )(4)    
  Selling, general and administrative     107,691     46,034     (3,400 )(2)   150,325
  Interest     15,938     —     10,397 (3)   32,335
                  6,000 (4)    
   
 
 
 

Operating income
 
 
75,353
 
 
44,186
 
 
(10,397
)
 
109,142
Other income (expense), net     2,232     (1,546 )   —     686
   
 
 
 
Income before income taxes     77,585     42,640     (10,397 )   109,828
Provision for income taxes     30,258     17,937     (4,813 )(5)   43,382
   
 
 
 
Net income before extraordinary item(10)   $ 47,327   $ 24,703   $ (5,584 ) $ 66,446
   
 
 
 

Weighted average number of shares:
 
 
 
 
 
 
 
 
 
 
 
 
  Basic     8,464           3,852     12,316
  Diluted     9,419           3,852     13,271

Net income before extraordinary item per common share(10):
 
 
 
 
 
 
 
 
 
 
 
 
  Basic   $ 5.59               $ 5.40
   
             
  Diluted   $ 5.02               $ 5.01
   
             

        Pro forma adjustments to unaudited condensed combined statements of operations for the six months ended March 31, 2002:

(1)
For purposes of this unaudited pro forma condensed combined statement of operations, our and Crossmann's results of operations have been included for the six months ended March 31, 2002 and have been derived from unaudited financial statements.

(2)
To reclassify certain expenses of Crossmann totaling $3.4 million from general and administrative expenses to cost of sales, principally for warranty and general liability insurance, to conform to our presentation.

(3)
To impute interest and amortization of debt discount and issuance costs on the $350 million 83/8% notes to be issued to finance the Crossmann acquisition net of interest incurred by Crossmann during the six months ended March 31, 2002 on its notes payable and revolver borrowings.

(4)
To reclassify amortization of capitalized interest of Crossmann of $6.0 million to conform to our presentation.

(5)
To tax effect the pro forma adjustments and to adjust historical tax rates based on the expected effective income tax rate of 39.5% for the combined companies.


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BEAZER HOMES USA, INC. Unaudited Pro Forma Condensed Combined Balance Sheet March 31, 2002 ($ in thousands)
BEAZER HOMES USA, INC. Unaudited Pro Forma Condensed Combined Statement of Operations Year Ended September 30, 2001 (in thousands, except per share data)
BEAZER HOMES USA, INC. Unaudited Pro Forma Condensed Combined Statement of Operations Six Months Ended March 31, 2002 (in thousands, except per share data)

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Exhibit 99.2

Crossmann Communities, Inc.
and Subsidiaries

Consolidated Balance Sheet
($ in thousands)

 
   March 31, 2002
 
   (unaudited)
Assets      
  Cash and cash equivalents   $ 7,948
  Retainages     1,807
  Real estate inventories     330,889
  Furniture and equipment, net     10,185
  Investments in joint ventures     19,550
  Goodwill, net     18,814
  Other assets     34,208
   
Total assets   $ 423,401
   

Liabilities and shareholders' equity
 
 
 
  Accounts payable   $ 14,180
  Accrued expenses and other liabilities     17,275
  Notes payable     117,933
   
Total liabilities     149,388

Commitments and contingencies
 
 
 

Shareholders' equity:
 
 
 
  Common shares     55,770
  Retained earnings     218,243
   
Total shareholders' equity     274,013
   
Total liabilities and shareholders' equity   $ 423,401
   

See accompanying notes.


Crossmann Communities, Inc.
and Subsidiaries

Consolidated Statements of Income (unaudited)
(in thousands, except share data)

 
   Three Months Ended March 31,
  
 
   2002
   2001
  
Sales of residential real estate   $ 141,556   $ 109,770  
Cost of residential real estate sold     111,220     86,784  
Gross profit     30,336     22,986  

Selling, general and administrative
 
 
20,725
 
 
16,588
 
Income from operations     9,611     6,398  

Other income, net
 
 
485
 
 
1,064
 
Interest expense     (919 )   (500 )
      (434 )   564  

Income before income taxes
 
 
9,177
 
 
6,962
 
Income taxes     3,671     2,659  
   
 
 
Net income   $ 5,506   $ 4,303  
   
 
 

Weighted average number of common shares outstanding:
 
 
 
 
 
 
 
  Basic     10,769     10,463  
  Diluted     10,830     10,655  
   
 
 
Net income per common share:              
  Basic   $ .51   $ .41  
  Diluted   $ .51   $ .40  
   
 
 

See accompanying notes.


Crossmann Communities, Inc.
and Subsidiaries

Consolidated Statements of Cash Flows (unaudited)
(in thousands)

 
   Three Months
Ended March 31,
2002
   Three Months
Ended March 31,
2001
  
Operating activities:              
Net income   $ 5,506   $ 4,303  
Adjustments to reconcile net income to net cash flows from operating activities:              
  Depreciation     525     298  
  Amortization     13     271  
  Cash provided (used) by changes in:              
    Retainages     (667 )   (987 )
    Real estate inventories     8,444     (22,480 )
    Other assets     (3,880 )   4,546  
    Accounts payable     (14,431 )   1,680  
    Accrued expenses and other liabilities     (992 )   337  
   
 
 
Net cash used by operating activities     (5,482 )   (12,032 )

Investing activities:
 
 
 
 
 
 
 
Purchases of furniture and equipment     (211 )   (268 )
Investments in joint ventures     (4,238 )   (2,858 )
   
 
 
Net cash used by investing activities     (4,449 )   (3,126 )

Financing activities:
 
 
 
 
 
 
 
Proceeds from bank borrowings     25,275     53,265  
Principal payments on bank borrowings     (25,675 )   (52,135 )
Net proceeds from sale of common shares     4,100     55  
   
 
 
Net cash provided by financing activities     3,700     1,185  

Net decrease in cash and cash equivalents
 
 
(6,231
)
 
(13,973
)
Cash and cash equivalents at beginning of period     14,179     17,443  
   
 
 
Cash and cash equivalents at end of period   $ 7,948   $ 3,470  
   
 
 

See accompanying notes.


CROSSMANN COMMUNITIES, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

1)    Basis of Presentation

        Crossmann Communities, Inc. ("Crossmann" or the "Company") is engaged primarily in the development, construction, marketing and sale of new single-family homes for first-time and first move-up buyers. The Company also acquires and develops land for construction of such homes and originates mortgage loans for the buyers. The Company operates in Indianapolis, Ft. Wayne, Lafayette, Indiana; Cincinnati, Columbus and Dayton, Ohio; Lexington, Kentucky; Memphis, Tennessee; Charlotte and Raleigh, North Carolina; and in Myrtle Beach, South Carolina.

        The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions for Articles 3.05 and 10 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of the Company, all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the consolidated financial statements have been included.

2)    Notes Payable

        Crossmann maintains a $135 million unsecured line of credit, with Bank One, Indiana, N.A. as agent. The line of credit bears interest at the bank's prime lending rate, but permits portions of the outstanding balance to be committed for fixed periods of time at a rate equal to LIBOR plus 1.45%. The credit facility matures April 1, 2004. At March 31, 2002, $59.6 million was outstanding on this line.

        The Company also had approximately $58.3 million in senior notes outstanding as of March 31, 2002. Of this total, $8.3 million was payable through 2004 at a fixed interest rate of 7.625%, payable quarterly. Crossmann had an additional $50.0 million in notes outstanding, payable through 2008 at a fixed interest rate of 7.75%, payable quarterly.

        The note agreements and the bank line of credit require compliance with certain financial and operating covenants and place certain limitations on the Company's investments in land and unconsolidated joint ventures. The agreements also restrict payments of cash dividends on the common shares by the Company.

3)    Subsequent Sale of Company

        On April 16, 2002, the stockholders of Crossmann approved the merger of Crossmann into a wholly-owned subsidiary of Beazer Homes USA, Inc. ("Beazer"), and the merger became effective on April 17, 2002.

        The aggregate merger consideration consisted of approximately $17.60 in cash per Crossmann share outstanding and .3544 of a share of Beazer common stock for each share of Crossmann stock outstanding. The closing price of Beazer's common stock on April 17, 2002 was $81.15.

        On March 18, 2002, Crossmann sent the holders of its outstanding 7.625% Senior Notes due 2004 and 7.75% Senior Notes due 2008 a notice that Crossmann had exercised its option to prepay all of such outstanding notes, for a price equal to the outstanding principal amount and accrued but unpaid interest thereon, plus a make-whole amount. The notes were prepaid on April 17, 2002. The make-whole amount was approximately $0.5 million with respect to the 7.625% Senior Notes due 2004 and $4.8 million with respect to the 7.75% Senior Notes due 2008. The Crossmann credit facility was also paid off and cancelled on April 17, 2002.




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Crossmann Communities, Inc. and Subsidiaries Consolidated Balance Sheet ($ in thousands)
Crossmann Communities, Inc. and Subsidiaries Consolidated Statements of Income (unaudited) (in thousands, except share data)
Crossmann Communities, Inc. and Subsidiaries Consolidated Statements of Cash Flows (unaudited) (in thousands)
CROSSMANN COMMUNITIES, INC. AND SUBSIDIARIES Notes to Unaudited Consolidated Financial Statements

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EXHIBIT 99.3

INDEPENDENT AUDITORS' CONSENT

        We consent to the incorporation by reference in (i) the Current Report on Form 8-K/A under the Securities Exchange Act of 1934 of Beazer Homes USA, Inc. dated April 17, 2002 and (ii) Registration Statements No. 333-24765, No. 333-69398, No. 333-86558 and No. 33-91904 on Form S-8 and No. 333-94843 on Form S-3 of our report dated January 22, 2002 and incorporated by reference in Registration Statement No. 333-83304 of Beazer Homes USA, Inc. on Form S-4 under the Securities Act of 1933 insofar as such report relates to the financial statements of Crossmann Communities, Inc. for each of the three years in the period ended December 31, 2001.

DELOITTE & TOUCHE LLP

Indianapolis, Indiana
July 1, 2002



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