Exhibit 99.1

AV Homes Reports Financial Results for Fourth Quarter 2013

Earnings per share increased to $0.08

Homebuilding revenue increased 72% to $45.2 million

Home closings increased 68% to 171

Scottsdale, AZ (March 13, 2014) – AV Homes, Inc. (Nasdaq: AVHI) (“AV Homes” or the “Company”) a developer and builder of active adult and conventional home communities in Arizona, Florida and North Carolina, today announced results for its fourth quarter and full year ended December 31, 2013. AV Homes reported fourth quarter net income of $1.8 million, or $0.08 per share, compared to a net loss of ($58.9) million, or ($4.67) per share in the fourth quarter of 2012, which included a non-cash impairment charge of ($51.7) million. Total revenue for the fourth quarter of 2013 increased 63% to $54.0 million from $33.2 million in the fourth quarter of 2012.

Roger A. Cregg, President and Chief Executive Officer, commented, “2013 was a very good year for AV Homes, with homebuilding revenue growing by 65% and net new orders increasing 18%, homes delivered up by 57%, improving gross margin by 550 basis points, and significantly improving our SG&A leverage, each improving over 2012 performance. While the improving housing market contributed to these results, they also reflect our strategic efforts to improve our operational performance and expand our presence in our core markets.” Mr. Cregg continued, “We are entering 2014 with newly acquired land positions for deliveries in the year, a strong balance sheet ending 2013 with $145 million in cash and a low debt-to-total capital ratio. We remain optimistic about our business and continue to focus on improving our profitability.”

The increase in total revenue for the fourth quarter of 2013 compared to the prior year period included a 72% increase in total homebuilding-related revenue to $45.2 million, and a $0.9 million increase in land sales to $6.7 million. The increase in homebuilding revenue was driven by strong volume increases and improved selling prices. During the fourth quarter of 2013, the Company closed on 171 homes, a 68% increase from the 102 homes closed during the fourth quarter of 2012, and the average unit price per closing rose 6.0% to $249,000 from $235,000 in the fourth quarter of 2012.

The number of new housing contracts signed, net of cancellations, during the three months ended December 31, 2013 increased 21% to 105 units, compared to 87 units during the same period in 2012. The dollar value of the contracts signed during the fourth quarter increased 31% to $24.2 million, compared to $18.6 million during the same period one year ago. The backlog of homes under contract but not yet closed at December 31, 2013 decreased 10% to 167 units, representing a dollar volume of $39.9 million, compared to 185 units with a dollar volume of $43.1 million at December 31, 2012.

Results for the Year ended December 31, 2013

For the year ended December 31, 2013, the Company reported a net loss to common stockholders of $9.5 million, or a loss of $1.34 per share, on revenues of $143.7 million. For loss per share calculation purposes, net loss attributable to common stockholders for 2013 was $21.4 million, which includes a reduction of $11.9 million, or $0.75 per share, for deemed dividends related to the recognition of a beneficial conversion feature embedded in the convertible preferred stock issued in connection with the $135 million investment made by TPG in June, which converted to common stock in the third quarter of 2013. This non-cash item was recorded in accordance with ASC 470-20 and has no net impact on total stockholders’ equity or book value. This compares to a net loss to common stockholders of $90.2 million, or $7.19 per share, on revenues of $107.5 million for the year ended December 31, 2012. The net loss to common stockholders in 2012 includes a non-cash impairment charge of $59.0 million.

Total revenue for the year ended December 31, 2013 increased 34% to $143.7 million compared to the prior year, including a 58% increase in total homebuilding-related revenue to $124.7 million, partially offset by a $10.3 million decrease in land sales. The increase in homebuilding revenue was driven by strong volume increases and improved selling prices. During 2013, the Company reported 481 home closings, a 57% increase from the 306 homes closed during 2012, and the average unit price per closing increased 5% to $238,000, from $227,000 one year ago.

For the year ended December 31, 2013, the Company reported 463 new housing contracts signed, net of cancellations, an 18% increase over the 393 contracts signed during 2012. The dollar value of the contracts signed during 2013 increased 21% to $110.4 million as compared to $91.0 million in 2012.

For the year ended December 31, 2013, the Company reported revenue from the sale of commercial, industrial and other land of $16.3 million, generating $8.2 million in operating income, compared to $26.6 million of revenue and $8.0 million of operating income in 2012.

In a separate press release issued earlier today, AV Homes announced the acquisition of privately held, Central Florida-based Royal Oak Homes LLC and certain land positions from affiliated land development companies, for an aggregate purchase price of approximately $65 million in cash.

The Company will hold a conference call and webcast on Friday, March 14, 2014 to discuss its fourth quarter and full year financial results, as well as the acquisition of Royal Oak Homes. The conference call will begin at 8:30 a.m. EDT. The conference call can be accessed live over the telephone by dialing (877) 643-7158 or for international callers by dialing (914) 495-8565; please dial-in 10 minutes before the start of the call. A replay will be available on March 14 2014 at 11:30 a.m. and can be accessed by dialing (855) 859-2056 or for international callers by dialing (404) 537-3406; the conference ID is 6267041. The replay will be available until March 21, 2014. In order to access the live webcast, please go to the Investors section of AV Homes’ website at www.avhomesinc.com and click on the webcast link that will be made available. A replay will be available shortly after the original webcast.

AV Homes, Inc. is engaged in homebuilding, community development and land sales in Florida, Arizona and North Carolina. Its principal operations are conducted near Orlando, Florida, Phoenix, Arizona and Raleigh/Durham, North Carolina markets. The Company builds communities that serve active adults 55 years and older and people of all ages. AV Homes common shares trade on NASDAQ under the symbol AVHI.

This news release, the conference call and the webcast contain “forward-looking statements” within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of AV Homes, Inc. Forward-looking statements are based on the expectations, estimates, or projections of management as of the date of this news release, the conference call and the webcast. Although our management believes these expectations, estimates, or projections to be reasonable as of the date of this news release, the conference call and the webcast, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies which could cause our actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause our actual results or performance to differ materially from our forward-looking statements include those set forth in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2012, our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013, and in our other filings with the Securities and Exchange Commission, which filings are available on www.sec.gov. AV Homes disclaims any intention or obligation to update or revise any forward-looking statements to reflect subsequent events and circumstances, except to the extent required by applicable law.

Investor Contact:

Mike Burnett

EVP, Chief Financial Officer

480-214-7408

m.burnett@avhomesinc.com

AV HOMES, INC. AND SUBSIDIARIES

Consolidated Statements of Operations and Comprehensive Income (Loss)

(Dollars in thousands, except per share amounts)

AV HOMES, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(Dollars in thousands, except share and per share amounts)

AV HOMES, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

For the years ended December 31, 2013 and 2012

(Dollars in thousands)

The following table provides a comparison of certain financial data related to our operations for three months and year ended December 31, 2013 and 2012:

Data from closings for the active adult and primary residential homebuilding segments for three months and year ended December 31, 2013 and 2012 is summarized as follows:

Data from contracts signed for the active adult and primary residential homebuilding segments for three months and year ended December 31, 2013 and 2012 is summarized as follows:

Backlog for the active adult and primary residential homebuilding segments as of December 31, 2013 and 2012 is summarized as follows: