X0202 4 2005-11-01 0000039677 AVATAR HOLDINGS INC AVTR 0001305016 Nash Joshua Lionel C/O ODAV LLC 280 PARK AVENUE NEW YORK NY 10017 1 1 0 0 Chairman of the Board Stock Units 2005-11-01 4 A 0 51.91 55.38 A Common Stock 51.91 161.99 D The units convert to Common Stock of the Issuer on a 1-for-1 basis. The units, which represent a deferral of a portion of director's fees payable to the Reporting Person, are fully vested at all times and are convertible into shares of Issuer's Common Stock at the earlier of a date specified by the Reporting Person or the date on which the Reporting Person no longer serves as a director of the Issuer. Represents the closing price of Issuer's Common Stock as of the date for payment of director's fees, which closing price represents the denominator for purposes of determining the number of Stock Units attributable to the Reporting Person's deferral account. Juanita I. Kerrigan, attorney-in-fact for Joshua Nash 2005-11-02