Exhibit 99.1

AV Homes Reports Results for Third Quarter 2014

Third Quarter 2014 Highlights - as compared to the prior year quarter (unless otherwise noted)

Scottsdale, AZ (October 30, 2014) – AV Homes, Inc. (Nasdaq: AVHI) (“AV Homes” or the “Company”), a developer and builder of active adult and primary residential communities in Florida, Arizona and North Carolina, today announced results for its third quarter ended September 30, 2014. AV Homes reported net income attributable to common stockholders of $0.7 million, or $0.03 per share, in the third quarter of 2014, compared to a net loss attributable to common stockholders of $13.8 million, or ($0.86) per share, in the third quarter of 2013. Total revenue for the third quarter of 2014 increased 148% to $86.6 million from $34.9 million in the third quarter of 2013.

Roger A. Cregg, President and Chief Executive Officer, commented, “We had a solid quarter and continue to execute our strategy to improve our business performance, highlighted by an increase of 91% in homes delivered, 156% increase in net new orders on an increase of 160% in units, 123% growth in homebuilding revenue and posting a profit for the third quarter of 2014 compared to a loss in the same period last year. We continued to open new communities, increasing our selling communities by 257%, to 25 and increasing our closing communities by 200%, to 18 compared to last year. In addition, we ended the third quarter of 2014 with a strong financial position and adequate liquidity to take advantage of further market opportunities.”

Mr. Cregg added, “We remain optimistic that our business is positioned to benefit from the improvements and recovering market conditions. We expect to continue to improve our profitability by leveraging our increased community count and operational efficiencies through the strategies we have implemented to transform the business.”

The increase in total revenue for the third quarter of 2014 compared to the prior year period included a 123% increase in homebuilding revenue to $71.1 million. The increase in homebuilding revenue was driven by: (i) volume increases due to a greater number of communities with closings, primarily from the current year acquisition of Royal Oak Homes, (ii) higher absorption at our existing active adult communities, and (iii) higher average unit price per closing. During the third quarter of 2014, the Company closed 280 homes, a 91% increase from the 147 homes closed during the third quarter of 2013, and the average unit price per closing rose 17.1% to $254,000 from $217,000 in the third quarter of 2013. In addition, the Company recorded $12.9 million of land sales and other revenue in the third quarter of 2014, primarily from the sale of excess property in Florida that the Company had classified as held for sale, compared to $0.7 million in the third quarter of 2013.

Homebuilding gross margin, which excludes commissions, was 17.7% in the third quarter of 2014 compared to 19.3% in the third quarter of 2013. The decrease in gross margin was primarily due to the change in the mix of communities with closings year over year.

Homebuilding SG&A expense, which includes commissions, as a percentage of homebuilding revenue improved to 13.2% in the third quarter of 2014 compared to 13.6% in the third quarter of 2013. The decrease was driven by leveraging fixed costs while growing the revenue base, partially offset by additional costs incurred by new communities that are selling homes but not yet generating revenue from closings. Additionally, corporate general and administrative expenses as a percentage of homebuilding revenue improved to 5.6% in the third quarter of 2014 from 12.2% in the same period a year ago. The improvement in the G&A margin continues to demonstrate the cost leverage that the Company is achieving in prudently containing its costs while growing the revenue of the business.

The number of new housing contracts signed, net of cancellations, during the three months ended September 30, 2014 increased 160% to 270 units, compared to 104 units during the same period in 2013. The increase in housing contracts was primarily attributable to the increase in selling communities from seven to 25. The average sales price on contracts signed in the third quarter of 2014 declined 1.2% to $249,000 from $252,000 in the third quarter of 2013. The aggregate dollar value of the contracts signed during the third quarter increased 156% to $67.1 million, compared to $26.2 million during the same period one year ago. The backlog value of homes under contract but not yet closed at September 30, 2014 increased 108% to $120.9 million on 470 units, compared to $58.2 million on 233 units at September 30, 2013.

The Company updated its previously issued outlook for the full year 2014 with the following additional commentary:

The Company will hold a conference call and webcast on Friday, October 31, 2014 to discuss its third quarter financial results. 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 October 31, 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 24856685. The replay will be available until November 7, 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 the 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. Such risks and uncertainties include, among others: the stability of certain financial markets; disruption of the credit markets and reduced availability and more stringent financing requirements for commercial and residential mortgages of all types; the number of investor and speculator resale homes for sale and homes in foreclosure in our communities and in the geographic areas in which we develop and sell homes; the increased level of unemployment; the decline in net worth and/or of income of potential buyers; the decline in consumer confidence; the failure to successfully implement our business strategy; shifts in demographic trends affecting demand for active adult and primary housing; the level of immigration and migration into the areas in which we conduct real estate activities; our access to financing; construction defect and home warranty claims; changes in, or the failure or inability to comply with, government regulations; the failure to successfully integrate acquisitions into our business, including our acquisition of Royal Oak Homes, LLC and other factors as are described in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 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 Balance Sheets

($000’s omitted)

AV HOMES, INC. AND SUBSIDIARIES

Consolidated Statements of Operations and Comprehensive Income (Loss)

($000’s omitted, except per share data)

(unaudited)

The following table provides a comparison of certain financial data related to our operations for the three and nine months ended September 30, 2014:

Data from closings for the active adult and primary residential homebuilding segments for the three and nine months ended September 30, 2014 and 2013 is summarized as follows:

Data from contracts signed for the active adult and primary residential homebuilding segments for the three and nine months ended September 30, 2014 and 2013 is summarized as follows:

Backlog for the active adult and primary residential homebuilding segments as of September 30, 2014 and 2013 is summarized as follows: