Exhibit 12.1

AV Homes, Inc.

Ratio of Earnings to Fixed Charges

	Year Ended December 31,													Three Months Ended March 31,
(dollars in thousands)	2012			2013			2014			2015		2016		2017
Earnings:
Income (loss) before income taxes and effects of changes in accounting principles	$	(87,683	)	$	(8,272	)	$	(1,603	)	$	12,386	$	37,586	$	4,168
Less: net income from non-controlling interests		2,552			1,205			329			—		—		—
Plus: fixed charges		9,266			9,330			18,148			28,277		26,239		6,224
Plus: amortization of previously capitalized interest		913			2,455			4,622			11,041		20,766		4,485
Less: capitalized interest		1,263			6,466			12,302			19,168		22,478		5,368
Earnings	$	(81,319	)	$	(4,158	)	$	8,536		$	32,536	$	62,113	$	9,509
Fixed Charges:
Interest expensed and capitalized	$	6,658		$	7,769		$	16,078		$	25,590	$	23,258	$	5,456
Amortization of discount and debt issue costs		2,578			1,527			2,029			2,617		2,887		749
Interest portion of rental expense		30			34			41			70		94		19
Fixed Charges	$	9,266		$	9,330		$	18,148		$	28,277	$	26,239	$	6,224
Ratio of Earnings to Fixed Charges		N/A			N/A			0.47			1.15		2.37		1.53
Excess (Deficiency) Amount	$	(90,585	)	$	(13,488	)	$	(9,612	)	$	4,259	$	35,874	$	3,285