TITLE

Rates Spur Beazer to Lower Forecast

AUTHOR(S)
Bloomberg News
PUB. DATE
September 2006
SOURCE
American Banker;9/8/2006, Vol. 171 Issue 173, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Atlanta builder Beazer Homes USA Inc. has cut its earnings forecast by as much as 18%, because higher mortgage rates have prompted cancellations and lower sales. Net sales in the two months ending August 31, 2006 fell 49% from a year earlier, and the rate of contract cancellations nearly doubled, to 50%.
ACCESSION #
22285090

 

Related Articles

  • Home Builder's Loss Narrows.  // American Banker;8/11/2008, Vol. 173 Issue 154, p11 

    The article reports that in the third fiscal quarter of 2008, home construction company Beazer Homes USA Inc. reported that it had lost money for the seventh consecutive quarter. Ian McCarthy, chief executive, predicted that the industry would continue to face challenges throughout 2008 and into...

  • Beazer Earnings Up 47.7% in Qtr. Harmon, Jennifer // National Mortgage News;2/14/2005, Vol. 29 Issue 21, p10 

    Reports on the disclosure made by house builder Beazer Homes USA Inc. chief executive officer Ian McCarthy that its net income for the fourth quarter of 2004 increased 47.7 percent over the previous year. Revenues for the quarter ended December 31, 2004; Increases in the company's Southeast,...

  • Big Builders See the (Green) Light.  // Green Builder Magazine;Aug2009, Vol. 4 Issue 8, p17 

    The article announces that Beazer Homes USA in Pittsburgh, Pennsylvania has joined the Best Practices Research Alliance.

  • Beazer Homes USA SWOT Analysis.  // Beazer Homes USA SWOT Analysis;Feb2012, p5 

    A business analysis of Beazer Homes USA, a company engaged in the designing, selling and building of single family homes and multi-family homes, is provided, focusing on the strengths, weaknesses, opportunities and threats (SWOT) faced by the company. Strengths include product differentiation....

  • Residential work cools to a boil. Brandler, Emily // Journal of Business (10756124);3/8/2007 Supplement, Vol. 22, p16 

    The article presents a forecast of the performance of the residential construction industry in Spokane, Washington in 2007. Condominium developments are expected to contribute significantly to the residential market. Many single-family home and apartment projects are also expected in 2007....

  • Fitch Lowers Outlook on Two Major Homebuilding Firms. Harmon, Jennifer // National Mortgage News;4/16/2007, Vol. 31 Issue 29, p29 

    The article reports that Fitch Ratings Inc. has lowered its ratings outlook on major homebuilders Beazer Homes USA Inc. and Hovnanian Enterprises Inc. in New York. The outlook reflects the current and expected near-term deterioration in credit metrics and pressures from credit tightening....

  • Beazer Homes USA SWOT Analysis.  // Beazer Homes USA SWOT Analysis;Sep2007, p1 

    A company profile of Beazer Homes USA Inc. (Beazer Homes), the company which designs, builds and sells single family homes, is presented. An overview of the company is given, along with key facts including contact information, number of employees and revenues. A SWOT analysis is provided which...

  • Company Overview.  // Beazer Homes USA SWOT Analysis;Sep2007, p4 

    An overview of Beazer Homes USA Inc. (Beazer Homes), the company which designs, builds and sells single family homes, is presented. Data is included on revenues generated in fiscal year ended September 2006, as well as principal business offered, including its principal area of operation.

  • Key Facts.  // Beazer Homes USA SWOT Analysis;Sep2007, p4 

    Key facts about Beazer Homes USA Inc. (Beazer Homes), the company which designs, builds and sells single family homes, are presented. Address and contact information is given, as well as statistics on revenues, financial year end data and number of employees.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics