EX-99.1 3 a2075779zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 Press Release For Immediate Release Beazer Homes USA, Inc. Reports Home Orders for the Month and Quarter Ended March 31, 2002 Atlanta, Georgia, April 3, 2002-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. Contact: David S. Weiss Executive Vice President and Chief Financial Officer (404) 250-3420 dweiss@beazer.com