<PAGE>
Filed Pursuant to Rule 424(b)(3)&(c)
SEC File No. 333-6541
SUPPLEMENT TO PROSPECTUS DATED JULY 29, 1996
The Prospectus dated July 29, 1996 of Weitzer Homebuilders Incorporated
(the "Company") is hereby supplemented to include the following:
The list of Selling Shareholders is hereby amended to correct the number
of shares of Class A Common Stock of the Company beneficially owned by New
Valley Corporation and Mohammad A. and Hasina Hossain, and to include the
following Selling Shareholders:
<TABLE>
<CAPTION>
Shares Number of Shares
Beneficially Shares Being Beneficially Owned
Name Owned Offered for Sale After the Offering
---- ------------ ---------------- ------------------
<S> <C> <C> <C>
Mr. Michael Berardo 1,923 1,923 0
Mr. James J. Bey 481 481 0
Mr. James N. Cutler, Jr. 1,923 1,923 0
Mr. Frank W. Cutler 1,923 1,923 0
Dorigol S.A. 3,846 3,846 0
Mr. Harvey B. Fink 961 961 0
John P. Funkey, Trustee 961 961 0
for John P. Funkey
Revocable Trust
Mr. Michael J. Garnick 3,846 3,846 0
Mr. Paul K. Goldberg 1,923 1,923 0
Mrs. Phyllis E. Goldberg 1,923 1,923 0
Mr. Alan Grotenstein 961 961 0
HMA Investments Profit 3,846 3,846 0
Sharing F/B/O Howard
Appel
Mohammad A. & Hasina 1,923 1,923 0
Hossain JTWROS
IHN, Inc. 1,923 1,923 0
Ms. Bertha Kierboe 961 961 0
Mr. Erik Kirstein 1,923 1,923 0
Rita Linsker & Janice 1,923 1,923 0
Gates
Mr. Hadar Margolin 1,923 1,923 0
Mrs. Donna Miller 1,923 1,923 0
Omotsu Holdings, Ltd. 3,846 3,846 0
Reid Enterprises of 961 961 0
Charlotte Pension Plan,
Dtd. 3/1/84
Dr. Stanley F. Roth, M.D., 481 481 0
P.A.
New Valley Corporation 81,726 81,726 0
</TABLE>
The Prospectus is also supplemented to indicate that the shares of Class A
Common Stock of the Company are traded on the Small Cap Market of Nasdaq,
effective August 30, 1996, and are no longer traded on the National Market
System of Nasdaq effective as of such date.
The Prospectus is also supplemented to include the following. On August
15, 1996, the Company was named as a defendant in a lawsuit captioned, UC
--
Financial Ltd. and Universal Finanz Holding AG v. Weitzer Homebuilders, Inc.
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(No. 96 Civ. 6737 (SHS)). The lawsuit was commenced in the Supreme Court of the
State of New York, County of New York, and was subsequently removed to the
United States District Court, Southern District of New York. The lawsuit seeks
damages exceeding $1,000,000 and/or injunctive relief requiring the Company to
issue 433,988 shares of the Company's Class A Common Stock in connection with
the purported conversion of outstanding convertible debentures. As previously
reported in the Company's Form 10-Q for the quarter ended June 30, 1996, the
Company has suspended indefinitely the convertibility of such outstanding
debentures. The Company believes that such debentureholders have breached
certain representations and warranties made to the Company at the time of the
issuance of said debentures. The Company is and continues to vigorously defend
said lawsuit and believes that its defenses are meritorious, although no
assurance can be given as to the ultimate resolution of such matter.
The date of this Supplement is October 4, 1996.
