Washington, D.C. 20549


                                    FORM 8-K
                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of Earliest Event Reported): August 1, 2003

                              AVATAR HOLDINGS INC.
             (Exact Name of Registrant as Specified in its Charter)

                 (State or Other Jurisdiction of Incorporation)

         0-7616                                          23-1739078
------------------------                    ------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)

          201 Alhambra Circle
         Coral Gables, Florida                                          33134
----------------------------------------                              ----------
(Address of Principal Executive Offices)                              (Zip Code)

                                 (305) 442-7000
              (Registrant's Telephone Number, Including Area Code)

          (Former Name or Former Address, if Changed Since Last Report)


Item 7. Financial Statements and Exhibits.

      (c)   Exhibits.

      99.1  Press release of Avatar Holdings Inc. dated August 1, 2003.

Item 9.  Regulation  FD  Disclosure  (Information  Furnished  in this  Item 9 is
Furnished Under Item 12).

      The following  disclosure is being  furnished  pursuant to Item 12 of this
Form 8-K.

      The  information  set forth in the press release issued by Avatar Holdings
Inc. on August 1, 2003,  reporting  results of partial  redemption  of 7% Notes,
attached hereto as Exhibit 99.1, is incorporated herein by reference.


      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         AVATAR HOLDINGS INC.

                                         By: /s/ Juanita I. Kerrigan
                                             Name: Juanita I. Kerrigan
                                             Title: Vice President and Secretary

Date: August 1, 2003

                                  EXHIBIT INDEX

Item No.
99.1         Press release of Avatar Holdings Inc. dated August 1, 2003.