Market Overview

Beazer Homes Updates Fiscal Fourth Quarter Guidance Following Recent Weather Events


In advance of upcoming investor meetings, Beazer Homes USA, Inc. (NYSE: BZH) (
is providing additional information for its fourth quarter of Fiscal

"In responding to severe weather, our highest priority is to ensure the
safety of our employees, their families, our partners and our
customers," said Allan Merrill, President and CEO of Beazer Homes. "In
the case of both Hurricane Harvey and Hurricane Irma, we took aggressive
precautionary steps, including closing sales centers, securing our
construction sites and evacuating personnel. I'm happy to report that
despite the devastation wrought by these storms, all members of our
teams in the affected areas are safe and on the road to recovery.
Importantly, our customers also fared well. In Houston, only four homes
located within a single community experienced water intrusion from
flooding. As it relates to Irma, across the five impacted Divisions, we
have fewer than 10 homes with unusual storm-related damage.

"Relative to the recent storms' impact on operations, for our fourth
quarter ending September 30, 2017, we continue to expect an improvement
in Adjusted EBITDA versus the prior year, although new home sales and
closings may be lower than the same period last year. The storm-related
impacts on new home sales and closings are the result of temporary
conditions and do not diminish our confidence in substantial
profitability gains in Fiscal 2018."

Mr. Merrill continued, "I'm incredibly proud of the way our employees
have responded to the unprecedented damage caused by these storms. As a
Company, we've committed to donating up to $500,000 to employee and
community relief efforts. The funds for these donations will come from
the Company, our Board members and our employees."

Headquartered in Atlanta, Beazer Homes is one of the country's 10
largest single-family homebuilders. The Company's homes meet or exceed
the benchmark for energy-efficient home construction as established by
ENERGY STAR® and are designed with Choice Plans to meet the personal
preferences and lifestyles of its buyers.
In addition, the
Company is committed to providing a range of preferred lender choices to
facilitate transparent competition between lenders and enhanced customer
The Company offers homes in Arizona, California,
Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina,
South Carolina, Tennessee, Texas and Virginia.
Beazer Homes is
listed on the New York Stock Exchange under the ticker symbol "BZH." For
more info visit,
or check out Beazer on

This press release contains forward-looking statements, including our
expectations regarding fourth quarter results and Fiscal 2018 results in
light of the recent storms' impact on operations. 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.
We are still in the initial stages of evaluating the impact of the
storms on our business and our customers.
Factors beyond our
control could affect our new home sales and closings during the
remainder of Fiscal 2017 and into Fiscal 2018. Risks also include
various factors that could impact our business, including, among other
things: (i) economic changes nationally or in local markets, changes in
consumer confidence, declines in employment levels, inflation or
increases in the quantity and decreases in the price of new homes and
resale homes on the market; (ii) the cyclical nature of the homebuilding
industry and a potential deterioration in homebuilding industry
conditions; (iii) factors affecting margins, such as decreased land
values underlying land option agreements, increased land development
costs on communities under development or delays or difficulties in
implementing initiatives to reduce our production and overhead cost
structure; (iv) the availability and cost of land and the risks
associated with the future value of our inventory, such as additional
asset impairment charges or writedowns; (v) shortages of or increased
prices for labor, land or raw materials used in housing production, and
the level of quality and craftsmanship provided by our subcontractors;
(vi) estimates related to homes to be delivered in the future (backlog)
are imprecise, as they are subject to various cancellation risks that
cannot be fully controlled; (vii) a substantial increase in mortgage
interest rates, increased disruption in the availability of mortgage
financing, a change in tax laws regarding the deductibility of mortgage
interest for tax purposes or an increased number of foreclosures; (viii)
our cost of and ability to access capital, due to factors such as
limitations in the capital markets or adverse credit market conditions,
and otherwise meet our ongoing liquidity needs, including the impact of
any downgrades of our credit ratings or reductions in our tangible net
worth or liquidity levels; (ix) our ability to reduce our outstanding
indebtedness and to comply with covenants in our debt agreements or
satisfy such obligations through repayment or refinancing; (x) increased
competition or delays in reacting to changing consumer preferences in
home design; (xi) continuing severe weather conditions or other related
events that could result in delays in land development or home
construction, increase our costs or decrease demand in the impacted
areas; (xii) estimates related to the potential recoverability of our
deferred tax assets, and a potential reduction in corporate tax rates
that could reduce the usefulness of our existing deferred tax assets;
(xiii) potential delays or increased costs in obtaining necessary
permits as a result of changes to, or complying with, laws, regulations
or governmental policies, and possible penalties for failure to comply
with such laws, regulations or governmental policies, including those
related to the environment; (xiv) the results of litigation or
government proceedings and fulfillment of any related obligations; (xv)
the impact of construction defect and home warranty claims, including
water intrusion issues in Florida; (xvi) the cost and availability of
insurance and surety bonds, as well as the sufficiency of these
instruments to cover potential losses incurred; (xvii) the performance
of our unconsolidated entities and our unconsolidated entity partners;
(xviii) the impact of information technology failures or data security
breaches; (xix) terrorist acts, natural disasters, acts of war or other
factors over which the Company has little or no control; or (xx) the
impact on homebuilding in key markets of governmental regulations
limiting the availability of water. Any forward-looking statement speaks
only as of the date on which such statement is made and, except as
required by law, we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after the
date on which such statement is made or to reflect the occurrence of
unanticipated events. New factors emerge from time-to-time, and it is
not possible for management to predict all such factors.

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