DALLAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring construction services company Beazer Homes USA Inc. (NYSE:BZH). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Beazer Homes USA Inc. (NYSE:BZH) should be of particular interest to comparable home construction and development companies: KB Home (NYSE:KBH), Lennar Corp. (NYSE:LEN) and Pulte Homes Inc. (NYSE:PHM).
It is available at: http://www.beaconequity.com/i/BZH
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Beazer Homes USA Inc. (BZH) is a diversified homebuilder. It operates in 17 states. The Company's homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
In the report, the analyst notes:
"BZH earlier this year announced that it has resolved several previously-disclosed governmental investigations. The Company has entered into a deferred prosecution agreement with the U.S. Attorney's Office for the Western District of North Carolina and a settlement agreement with the U.S. Department of Housing and Urban Development and the civil division of the Department of Justice. In addition, certain of the Company's subsidiaries have entered into a settlement agreement with the North Carolina Real Estate Commission.
"Homebuilding revenues declined 48.3% in the June quarter, due to a 43.4% decline in total home closings and an 8.7% decline in the average selling price of homes closed compared to the same period of the prior year. Home closings declined 33.2% in markets where the Company maintains a presence (West, East and Southeast segments) and 99.2% in the Company's exit markets (Other segment)."
To read the entire report visit: http://www.beaconequity.com/i/BZH
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