EXHIBIT 99.1

          Press Release

Beazer Homes Reports Third Quarter Fiscal 2010 Results

ATLANTA, August 5, 2010 — Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced its financial results for the fiscal quarter ended June 30, 2010. Summary results of the quarter from continuing operations are as follows:

Quarter Ended June 30, 2010

• Total revenue: $339.9 million, compared to $224.1 million in the third quarter of the prior year.

• Home closings from continuing operations: 1,643 homes, an increase year-over-year of 73.3%.

• Loss from continuing operations of $27.6 million, or a loss of $0.41 per share, including:

• non-cash pre-tax charges of $5.1 million for inventory impairments;

• a non-cash $12.5 million impairment of our investment in two of our unconsolidated joint ventures;

• a $9.0 million non-cash loss on debt extinguishment related to the repurchase of our 2012 senior notes and 2024 convertible senior notes; and

• $28.4 million benefit from income taxes primarily related to an additional carry-back claim under The Worker, Homeownership and Business Assistance Act of 2009.

• For the third quarter of the prior fiscal year, the Company reported a loss from continuing operations of $25.4 million, or $0.65 per share, including:

• non-cash pre-tax charges of $11.8 million for inventory impairments;

• a non-cash $4.2 million impairment of unconsolidated joint venture investments; and

• a $55.2 million non-cash gain on debt extinguishment.

• New orders from continuing operations: 1,037 homes, a decrease year-over-year of 32.5%. New orders in the quarter were substantially impacted by a fall-off in demand following the expiration of the New Home Buyer’s Tax Credit on April 30, 2010 and continuing high unemployment levels.

• Cancellation rate increased to 28.9% in the third quarter compared to 23.0% in the third quarter of the prior year.

• Gross profit margin of 11.8% (13.3% without impairments and abandonments), compared to 2.6% (7.9% without impairments and abandonments) in the third quarter of the prior year.

• Average Selling Price of $206,200 for the third quarter of fiscal 2010 compared to the Average Selling Price of $235,100 for the third quarter of the prior year. The reduction in ASP was primarily attributable to a substantial geographic shift in closings to those markets with the lowest ASP and the highest concentration of first time home buyers.

• As previously reported, in May 2010, the Company closed its public offerings of $300 million 9.125% senior notes due 2018, 3.0 million 7.25% tangible equity units and 12.5 million shares of its common stock. Net proceeds of these transactions were approximately $437 million which together with $28

EXHIBIT 99.1

million of our unrestricted cash, were used to repurchase our outstanding 2012 senior notes and 2024 convertible senior notes plus accrued and unpaid interest for a total of $465 million.

As of June 30, 2010

• Total cash and cash equivalents: $514.6 million, including restricted cash of $42.6 million.

• Stockholders’ equity: $454.7 million not including $57.5 million of mandatory convertible subordinated notes.

• Backlog: 1,175 homes with a sales value of $288.2 million compared to 1,866 homes with a sales value of $430.6 million as of June 30, 2009. The Average Selling Price in backlog increased by over $14,000, or 6%, to $245,200 from $230,800 in the prior year.

Ian J. McCarthy, President and Chief Executive Officer, said, “As we anticipated earlier this year, the third quarter represented two distinctly different business environments for us. Through the expiration of the First Time Homebuyer Tax Credit on April 30^th, traffic and new home orders were tracking well above prior year results. In May and June traffic and new home orders were substantially below the levels experienced in the prior year. While new home affordability and mortgage rates are at historically attractive levels, homebuyers continue to be concerned about employment, the impact of additional foreclosures and general conditions in the economy. We believe employment growth and improved consumer confidence remain the keys to a sustainable recovery in the homebuilding industry. In the meantime, we are taking the steps necessary to position the Company to fully participate in the eventual housing recovery.”

Results for the Quarter Ended June 30, 2010
Homebuilding revenues from continuing operations increased 52.0% in the third quarter, due to a 73.3% increase in the number of homes closed, offset by a 12.3% reduction in our Average Selling Price. The reduction in Average Sales Price was primarily attributable to a substantial geographic shift in closings to those markets with the lowest ASP and the highest concentration of first time home buyers. This change accounted for approximately 8.0% of the total reduction in ASP. Net new home orders from continuing operations decreased 32.5% compared to the third quarter of last year, driven by a 26.9% decrease in gross new orders and an increase in the cancellation rate to 28.9%, compared to 23.0% a year ago.

Our gross profit margin improved to 11.8% (13.3% without impairments and abandonments) for the current quarter compared to 2.6% (7.9% without impairments and abandonments) in the third quarter of the prior year. Although margins improved as compared to the prior year, we continued to be impacted by a challenging homebuilding environment, impacted by the greater concentration of lower priced homes and by non-cash pre-tax charges for inventory impairments and lot option abandonments of $5.1 million for the quarter ended June 30, 2010.

We recorded a $28.4 million benefit from income taxes primarily due to an additional refund request of $32 million this quarter related to our finalized carry back claim of $133 million, of which $101 million had been previously requested and received. The difference between the additional carry back claim requested this quarter and our tax benefit from continuing operations results from changes to our estimates of future sources of taxable income and unrecognized tax benefits.

The Company controlled 29,768 lots at June 30, 2010 (80% owned and 20% controlled under options), including 727 owned lots in discontinued operations. Total controlled lots of 29,768 reflect a reduction of 9.5% from the level at June 30, 2009 and 2.8% from the level at September 30, 2009. During the quarter we entered into purchase and option transactions relating to 1,679 lots. Year-to-date we have contracted for 2,925 lots through a combination purchase and lot option agreements.

EXHIBIT 99.1

As of June 30, 2010, unsold finished homes totaled 319, an increase of 85 homes, from the level a year ago.

Liquidity and Liability Management Initiatives
At June 30, 2010, the Company had cash and cash equivalents of $514.6 million, including restricted cash of $42.6 million primarily to collateralize outstanding letters of credit.

As previously reported, in May 2010, the Company closed its concurrent public offerings of $300 million unsecured senior note offering, 3.0 million 7.25% tangible equity units and 12.5 million shares of its common stock. Net proceeds of these transactions were approximately $437 million. We used the proceeds from these offerings to repurchase debt including our outstanding 2012 senior notes at par and our 2024 convertible senior notes at an average premium price of 100.6 percent of par. We recorded a $9.0 million loss related to these repurchases during our third quarter of fiscal 2010, primarily related to the write-off of unamortized debt issuance costs. As a result of these transactions and our fiscal year-to-date results from operations, our stockholders’ equity increased from $196.6 million as of September 30, 2009 to $454.7 million as of June 30, 2010. Our tangible net worth (stockholders’ equity less certain intangible assets as defined in our senior note indentures) also increased by $267.6 million fiscal year-to-date to $404.6 million at June 30, 2010.

Conference Call
The Company will hold a conference call on August 5, 2010, at 10:00 am EDT to discuss these results. Interested parties may listen to the conference call and view the Company’s slide presentation over the internet by visiting the “Investor Relations” section of the Company’s website at www.beazer.com. To access the conference call by telephone, listeners should dial 877-601-3546 or 212-547-0388. 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 866-409-7708 or 203-369-0641 and enter the passcode “3740” (available until 5:00 pm ET on August 12, 2010), or visit www.beazer.com. A replay of the webcast will be available at www.beazer.com for approximately 30 days.

Beazer Homes USA, Inc., headquartered in Atlanta, is one of the country’s ten largest single-family homebuilders with continuing operations in Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia. Beazer Homes is listed on the New York Stock Exchange under the ticker symbol “BZH.”

Forward Looking Statements
This presentation contains forward-looking statements. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including, among other things, (i) the final outcome of various lawsuits, as well as the results of any government proceedings and fulfillment of the obligations in the Deferred Prosecution Agreement and other settlement agreements and consent orders with governmental authorities; (ii) additional asset impairment charges or writedowns; (iii) economic changes nationally or in local markets, including changes in consumer confidence, volatility of mortgage interest rates, availability of mortgage financing and inflation; (iv) a slower economic rebound than anticipated, coupled with persistently high unemployment and additional foreclosures; (v) continued or increased downturn in the homebuilding industry; (vi) estimates related to homes to be delivered in the future (backlog) are imprecise as they are subject to various cancellation risks which cannot be fully controlled, (vii) our cost of and ability to access capital and otherwise meet our ongoing liquidity needs including the impact of any further downgrades of our credit ratings or reductions in our tangible net worth; (viii) potential inability to comply

EXHIBIT 99.1

with covenants in our debt agreements or satisfy such obligations through repayment or refinancing; (ix) increased competition or delays in reacting to changing consumer preference in home design; (x) shortages of or increased prices for labor, land or raw materials used in housing production; (xi) factors affecting margins such as decreased land values underlying land option agreements, increased land development costs on projects under development or delays or difficulties in implementing initiatives to reduce production and overhead cost structure; (xii) the performance of our joint ventures and our joint venture partners; (xiii) the impact of construction defect and home warranty claims including those related to possible installation of drywall imported from China; (xiv) the cost and availability of insurance and surety bonds; (xv) delays in land development or home construction resulting from adverse weather conditions; (xvi) potential delays or increased costs in obtaining necessary governmental permits and possible penalties for failure to comply with laws, regulations and governmental policies; (xvii) effects of changes in accounting policies, standards, guidelines or principles; or (xviii) terrorist acts, acts of war and other factors over which the Company has little or no control.

Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.

CONTACT: Beazer Homes USA, Inc.
Jeffrey S. Hoza
Vice President, Treasurer
770-829-3700
jhoza@beazer.com

-Tables Follow-

EXHIBIT 99.1

BEAZER HOMES USA, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Total revenue	$	339,942		$	224,071		$	756,911		$	628,864
Home construction and land sales expenses		294,751			206,458			647,360			565,857
Inventory impairments and option contract abandonments		5,052			11,792			24,049			67,111
Gross profit (loss)		40,139			5,821			85,502			(4,104	)
Selling, general and administrative expenses		54,573			49,623			145,251			169,807
Depreciation and amortization		3,620			4,960			9,791			12,934
Goodwill impairment		—			—			—			16,143
Operating loss		(18,054	)		(48,762	)		(69,540	)		(202,988	)
Equity in loss of unconsolidated joint ventures		(12,492	)		(3,428	)		(21,314	)		(13,191	)
(Loss) gain on extinguishment of debt		(9,045	)		55,214			43,901			55,214
Other expense, net		(16,383	)		(22,291	)		(53,951	)		(59,714	)
Loss from continuing operations before income taxes		(55,974	)		(19,267	)		(100,904	)		(220,679	)
(Benefit from) provision for income taxes		(28,382	)		6,150			(124,091	)		(7,364	)
(Loss) income from continuing operations		(27,592	)		(25,417	)		23,187			(213,315	)
(Loss) income from discontinued operations, net of tax		(224	)		(2,559	)		2,294			(9,859	)
Net (loss) income	$	(27,816	)	$	(27,976	)	$	25,481		$	(223,174	)
Weighted average number of shares:
Basic		68,310			38,815			55,079			38,666
Diluted		68,310			38,815			65,276			38,666
(Loss) earnings per share:
Basic (loss) earnings per share from continuing operations	$	(0.41	)	$	(0.65	)	$	0.42		$	(5.52	)
Basic (loss) earnings per share from discontinued operations	$	—		$	(0.07	)	$	0.04		$	(0.25	)
Basic (loss) earnings per share	$	(0.41	)	$	(0.72	)	$	0.46		$	(5.77	)
Diluted (loss) earnings per share from continuing operations	$	(0.41	)	$	(0.65	)	$	0.38		$	(5.52	)
Diluted (loss) earnings per share from discontinued operations	$	—		$	(0.07	)	$	0.03		$	(0.25	)
Diluted (loss) earnings per share	$	(0.41	)	$	(0.72	)	$	0.41		$	(5.77	)

Interest Data:	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2010			2009			2010			2009
Capitalized interest in inventory, beginning of period	$	41,107		$	45,466		$	38,338		$	45,977
Interest incurred		31,561			35,806			96,977			103,059
Capitalized interest impaired		(196	)		(160	)		(1,292	)		(2,113	)
Interest expense not qualified for capitalization and included as other expense		(17,381	)		(23,727	)		(57,478	)		(65,986	)
Capitalized interest amortized to house construction and land sales expenses		(16,444	)		(12,999	)		(37,898	)		(36,551	)
Capitalized interest in inventory, end of period	$	38,647		$	44,386		$	38,647		$	44,386

EXHIBIT 99.1

BEAZER HOMES USA, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)

	June 30,			September 30,
	2010			2009
ASSETS
Cash and cash equivalents	$	471,958		$	507,339
Restricted cash		42,608			49,461
Accounts receivable (net of allowance of $3,573 and $7,545, respectively)		33,910			28,405
Income tax receivable		40,936			9,922
Inventory
Owned inventory		1,235,073			1,265,441
Consolidated inventory not owned		43,285			53,015
Total inventory		1,278,358			1,318,456
Investments in unconsolidated joint ventures		8,679			30,124
Deferred tax assets, net		11,583			7,520
Property, plant and equipment, net		23,266			25,939
Other assets		44,787			52,244
Total assets	$	1,956,085		$	2,029,410
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	67,034		$	70,285
Other liabilities		198,325			227,315
Obligations related to consolidated inventory not owned		24,359			26,356
Total debt (net of discounts of $24,485 and $27,257, respectively)		1,211,636			1,508,899
Total liabilities		1,501,354			1,832,855
Stockholders’ equity:
Preferred stock (par value $.01 per share, 5,000,000 shares authorized, no shares issued)		—			—
Common stock (par value $0.001 per share, 180,000,000 shares authorized, 75,677,360 and 43,150,472 issued and 75,677,360 and 39,793,316 outstanding, respectively)		76			43
Paid-in capital		616,712			568,019
Accumulated deficit		(162,057	)		(187,538	)
Treasury stock, at cost (0 and 3,357,156 shares, respectively)		—			(183,969	)
Total stockholders’ equity		454,731			196,555
Total liabilities and stockholders’ equity	$	1,956,085		$	2,029,410
Inventory Breakdown
Homes under construction	$	277,671		$	219,724
Development projects in progress		452,383			487,457
Land held for future development		382,680			417,834
Land held for sale		37,373			42,470
Capitalized interest		38,647			38,338
Model homes		46,319			59,618
Consolidated inventory not owned		43,285			53,015
Total inventory	$	1,278,358		$	1,318,456

EXHIBIT 99.1

BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA — CONTINUING OPERATIONS
(Dollars in millions)

OPERATING DATA

	Quarter Ended				Nine Months Ended
	June 30,				June 30,
SELECTED OPERATING DATA	2010		2009		2010		2009
Closings:
West region		631		398		1,412		1,176
East region		713		368		1,442		913
Southeast region		299		182		602		556
Total closings		1,643		948		3,456		2,645
New orders, net of cancellations:
West region		367		670		1,383		1,434
East region		445		599		1,420		1,238
Southeast region		225		267		635		521
Total new orders		1,037		1,536		3,438		3,193
Backlog units at end of period:
West region		416		785
East region		559		810
Southeast region		200		271
Total backlog units		1,175		1,866
Dollar value of backlog at end of period	$	288.2	$	430.6

EXHIBIT 99.1

BEAZER HOMES USA, INC.
CONSOLIDATED OPERATING AND FINANCIAL DATA — CONTINUING OPERATIONS
(Dollars in thousands)

	Quarter Ended						Nine Months Ended
	June 30,						June 30,
SUPPLEMENTAL FINANCIAL DATA	2010			2009			2010			2009
Revenues
Homebuilding operations	$	338,808		$	222,895		$	750,160		$	626,338
Land sales and other		461			819			5,330			1,369
Financial Services		673			357			1,421			1,157
Total revenues	$	339,942		$	224,071		$	756,911		$	628,864
Gross profit (loss)
Homebuilding operations	$	39,018			5,393		$	81,397			(5,317	)
Land sales and other		448			71			2,684			56
Financial Services		673			357			1,421			1,157
Total gross profit (loss)	$	40,139		$	5,821		$	85,502		$	(4,104	)
Selling, general and administrative
Homebuilding operations	$	54,373		$	49,438		$	144,685		$	168,887
Financial Services		200			185			566			920
Total selling, general and administrative	$	54,573		$	49,623		$	145,251		$	169,807
SELECTED SEGMENT INFORMATION
Revenue:
West region	$	121,706		$	87,328		$	291,832		$	264,428
East region		162,274			95,043			347,488			240,029
Southeast region		55,289			41,343			116,170			123,250
Financial services		673			357			1,421			1,157
Total revenue	$	339,942		$	224,071		$	756,911		$	628,864
Operating income (loss)
West region	$	2,717		$	(6,467	)	$	6,437		$	(33,147	)
East region		11,446			(923	)		22,696			(14,760	)
Southeast region		3,568			(3,877	)		(3,800	)		(20,546	)
Financial services		473			172			853			228
Segment operating income (loss)		18,204			(11,095	)		26,186			(68,225	)
Corporate and unallocated		(36,258	)		(37,667	)		(95,726	)		(134,763	)
Total operating loss	$	(18,054	)	$	(48,762	)	$	(69,540	)	$	(202,988	)