Beazer Homes USA is a national homebuilder headquartered in Atlanta, that operates as a family of local homebuilders. It is one of the 10 largest homebuilders in the nation.
With award-winning floor-plans, the company offers homes that incorporate exceptional value and quality to consumers in 16 states, including Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
In fiscal 2011, Beazer reported revenues of $742 million, down from $991 million, and net loss of $200.2 million.
Like many other homebuilders, Beazer has seen a big drop in sales due to the weak economy and tighter mortgage lending.
In fiscal 2011, Beazer had closings of 3,249 homes, a decrease of 27% from the prior year. New orders of 3,927 homes was a decrease of 3% from the prior year with cancellation rates of 27%.
Allan Merrill, President and Chief Executive Officer, said, "Our new home orders showed encouraging signs of improvement in the second half of Fiscal 2011. While we acknowledge the many challenges facing the industry, we believe we have the people, the communities and the homes to allow us to generate increased new home orders and deliveries in Fiscal 2012 as we pursue a deliberate climb back to profitability."
The company went public in 1994 and was founded by Beazer Group Plc, a British homebuilding and construction company.
Beazer has been doing business in the U.S. since 1985 and has built over 130,000 homes in the last 12 years.
Updated May 3, 2012