Profile: Beazer Homes USA Inc (BZU.N)
20 May 2013
Beazer Homes USA, Inc. (Beazer) diversified homebuilder with active operations in 16 states. In the Company’s homebuilding operations, it designs, sells and builds single-family and multi-family homes. During the fiscal year ended September 30, 2011(fiscal 2011), the Company launched its pre-owned homes division which acquires, improves and rents out recently built, previously owned homes within select markets in which the Company has homebuilding operations. Its segments include homebuilding-west, homebuilding-east and homebuilding-southeast. In fiscal 2011, the Company launched its Pre-Owned Homes Division, which acquires, improves and rents out recently built, previously owned homes within select markets, in which the Company has homebuilding operations. As of September 30, 2011, the Company have substantially concluded its homebuilding operations in Northwest Florida market.
The company’s homebuilding-west segment includes Arizona, Nevada, Texas and California. Its homebuilding-east segment includes Indiana, Maryland/Delaware, New Jersey/Pennsylvania/New York, Tennessee and Virginia. The company’s homebuilding-southeast segment includes Florida, Georgia, North Carolina and South Carolina. At September 30, 2011, excluding models, the Company had 1,765 homes at various stages of completion of which 1,053 were under contract and included in backlog at such date and 712 homes (334 were substantially completed and 378 under construction) were not under a sales contract, either because the construction of the home was begun without a sales contract or because the original sales contract had been cancelled.
Beazer Homes USA Inc
Suite 260, 1000 Abernathy Road
ATLANTA GA 30328