Beazer Homes Adopts Shareholder Rights Plan Aug 1, 2009
Homebuilder Beazer Homes Inc. on Friday said its board adopted a new shareholder rights plan aimed at preserving the tax benefits it can book from its prior losses. Under the plan, one right will be distributed for each outstanding share as of the close of business Aug. 10. (ABC News -- Wire)
Housing stocks rise as new-home sales shoot higher Jul 29, 2009
Amid a moderately lower broader market, shares of Beazer Homes USA Inc. rose 29 cents, or 11. 2 percent, to $2. (San Francisco Chronicle -- Business)
June New US Home Sales Rise 11 Percent Jul 28, 2009
Beazer Homes USA gained 13 percent, and shares of Centex and Hovnanian Enterprises rose 9 percent. . (Click2Houston, TX)
Sales of new homes post big gains in June Jul 28, 2009
Shares of big homebuilders soared on the news, with Beazer Homes USA up by more than 13 percent and Hovnanian Enterprises rising 8 percent. But with home prices still falling, these companies won't be making much money anytime soon. (MSNBC -- Business)
Deeds recorded July 6-10, 2009 in Volusia Jul 26, 2009
Beazer Homes Corp. to Rafael Cruz, lot 57, Victoria Park, increment four northwest, $190,000. Wyndham Vacation Resorts Inc. to James E. and Mary Lee M. Anderson, Units 1320-1333, 1520-1533, Fairfield Daytona, $171,297. (Daytona Beach News Journal -- Business)
June housing construction rises more than expected Jul 19, 2009
Shares of major homebuilders rose on the news with Beazer Homes and Hovnanian Enterprises up about 5 percent in midday trading. The broader stock indexes, meanwhile, were little-changed Friday after Bank of America and Citigroup became the latest banks to report big second-quarter profits but also weakness in their loan portfolios. (Sierra Vista Herald, AZ)
Where Are They Now? Jul 5, 2009
Krista (Doescher) Long (Volleyball, 1986-90) Division President, Beazer Homes. Fort Mill, S.C.. (Charlotte49Ers.com)
Beazer Homes to Pay $53M Under Deferred Prosecution Agreement Jul 3, 2009
com - Beazer Homes Enters Deferred Prosecution Agreement, Agrees to Pay $53 Million ... Beazer Homes Enters Deferred Prosecution Agreement, Agrees to Pay $53 Million. (Law.com)
BUSINESS BRIEFS Jul 2, 2009
Beazer Homes USA agreed to pay as much as 53 million to the government and home owners to resolve alle gations of mortgage fraud, the Justice De partment said. SEC rule. (New York Post -- Business)
SEC charges former Beazer exec Jul 2, 2009
Beazer Homes USA Inc. (NYSE:BZH) last year ceased home-building operations in Charlotte; Cincinnati; Columbus and Dayton, Ohio; Lexington, Ky. and Columbia, S.C.. (Charlotte Business Journal, NC)
$50 million will end Beazer's fraud case Jul 2, 2009
CHARLOTTE -- Federal investigators filed mortgage and accounting fraud charges Wednesday against Beazer Homes USA, but the homebuilder will escape prosecution because it agreed to pay victims $50 million and accepted responsibility ... Beazer Homes is one of the Triangle's biggest builders. (News & Observer)
Beazer to pay up in mortgage fraud case Jul 2, 2009
Beazer Homes USA said Wednesday it has agreed to pay up to $55 million in restitution and expenses related to a mortgage fraud scheme in North Carolina. Federal authorities agreed not to prosecute the company as long as terms are met. (Atlanta Journal-Constitution)
What's/Who's new Jun 21, 2009
J. Ray Phillips has been promoted to vice president of operations for Beazer Homes in Florida, which is based in Orlando. In Volusia County, Beazer is building at Victoria Park Trails in DeLand. (Daytona Beach News Journal -- Business)
S&P downgrades credit rating of Beazer Homes Jun 18, 2009
Sgrades credit rating of Beazer Homes ... Standard and Poor s has downgraded the credit rating of Atlanta-based Beazer Homes USA. A research update published by the agency says the company s rating is being lowered from CCC from CCC+ and our issue-level rating on the company s notes to CCC- from CCC. (Atlanta Journal-Constitution -- Business)
US stocks extend gains to 4th day Jun 3, 2009
Beazer Homes USA Inc. rose 24 cents, or 9. 1 percent, to $2. (The Star Online, Malaysia)
Beazer hearing allows investors to vent May 30, 2009
Investors in Beazer Homes who are members of a class-action suit against the homebuilder will have the opportunity to air any concerns or ask questions about a proposed $30. 5 million settlement in the 2-year-old case at an upcoming hearing. (Atlanta Journal-Constitution -- Business)
Design Homes eyes banner year May 23, 2009
partnered to buy the Villages of Winding Creek from Atlanta-based national home builder Beazer Homes. George Oberer Jr., president of Oberer Cos. (Dayton Business Journal, OH)
Deeds recorded in Volusia County March 23-27 May 23, 2009
Beazer Homes Corp. to Ury Tryzmel, lot 141, Victoria Park, increment four northeast, $184,000. St. Joe Residential Acquisitions Inc. to William T. and Catherine M. Tasi, lot 103, Victoria Park southeast increment 1, $179,620. (Daytona Beach News Journal -- Business)
ATL-based Beazer to refund millions May 20, 2009
Beazer Mortgage Corp., a subsidiary of Atlanta-based Beazer Homes USA, will pay $2. 5 million in restitution to about 1,600 North Carolina borrowers, according to a settlement with the state s Office of the Commissioner of Banks. (Atlanta Journal-Constitution)
Homebuilder sentiment index jumps 2 points May 19, 2009
The trade group's report gave public homebuilder stocks a lift, with Beazer Homes leading the pack. The Atlanta-based company's shares added 47 cents, or 20 percent, to $2. (San Francisco Chronicle -- Business)
Home Builders Try to Turn Renters Into Buyers May 13, 2009
The free service that helps Equity with tenant retention is offered in more than a dozen states and, according to the Web site, participating public builders include Beazer Homes (BZH), Ryland (RYL), Pulte Homes (PHM), Centex (CTX) and DR Horton (DHI). While the program is not new - and it wasn't necessarily needed when frenzied buyers camped overnight during the boom - "it's again becoming more prevalent.". (SmartMoney)
Litigation likely to cost Beazer Homes $13M May 9, 2009
Litigation likely to cost Beazer Homes at least $13M ... Atlanta-based Beazer Homes USA expects to pay out more than $13 million in coming months for ongoing litigation, the company s chief executive told investors in a conference call Friday. (Atlanta Journal-Constitution)
Beazer to pay $30.5M in settlement May 6, 2009
Beazer Homes USA Inc. will pay $30. 5 million to settle a consolidated putative securities class-action lawsuit filed on behalf of shareholders in March 2007 in U.S. District Court for the Northern District of Georgia. (Atlanta Business Chronicle, GA)
Beazer Homes settles suit for $30.5 million May 6, 2009
Beazer Homes settles suit for $30 ... Beazer Homes settles suit for $30 ... Beazer Homes USA has agreed to a $30. (Atlanta Journal-Constitution -- Business)
1-Star Stocks Poised to Plunge: BioCryst? May 5, 2009
Beazer Homes (NYSE: BZH). Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months. (MSNBC -- Business)
Hammer time: Rocky market shuffles region's homebuilders Apr 28, 2009
Hammer time: Big shuffle for homebuilders - Nashville Business Journal. for free extra services. (Nashville Business Journal, TN)
Homebuilders' report boosts hopes Apr 16, 2009
Shares of Beazer Homes and Lennar got the biggest boost, climbing more than 13 percent in afternoon trading Wednesday. Related Subjects. (Atlanta Journal-Constitution)
- Voice: Two parties are to blame 0 Apr 12, 2009
Ian McCarthy, CEO of Beazer Homes accused of lying to lenders about borrowers qualifications. Frank Raines, president of Fannie Mae who has trouble with his accounting practices. (El Centro Imperial Valley Press, CA)
Home Builder Stocks Soar on Fed Action Mar 19, 2009
Beazer Homes USA (BZH) stock followed with a gain of nearly 27% to 95 cents. "That could be very good news for us," said Brent Anderson, vice president of investor relations for Meritage Homes Corp. (MTH), whose shares jumped 16% to $13. (SmartMoney)
Hovnanian Loss Widens on Charges, Lower Sales Mar 11, 2009
Home builders including Beazer Homes USA Inc. (BZH), Ryland Group Inc. (RYL) and Toll Brothers Inc. (TOL) recently reported their net losses narrowed on fewer write-downs, but still saw revenue slump amid a drop in new home orders. On Friday, Moody's Investors Service lowered its corporate family rating on Hovnanian to highly speculative territory, saying the company's cash flow will weaken "considerably" this year and fall further in 2010. (SmartMoney)
Big builders hammered Mar 11, 2009
Beazer Homes showed the largest average price drop at 12 percent ... Beazer Homes -46% -12%4. (Nashville Business Journal, TN)
Beazer could face stock delisting warning Feb 25, 2009
The stock price of Beazer Homes USA has fallen off the cliff. Since Feb. 12, shares of the Atlanta-based home builder have been trading below $1. (Atlanta Journal-Constitution -- Business)
Housing tax credit a disappointment to builders Feb 14, 2009
Executives for one major builder, Beazer Homes USA Inc., noted earlier this week that they had seen an uptick in traffic over the weekend as many prospective buyers learned of the Senate's original incentive provision. But with that proposal gone, Wall Street analysts said the homebuyer provision will have a negligible effect on homebuilders' fortunes. (San Francisco Chronicle -- Business)
Builders remodel local units Feb 11, 2009
Trish Hanchette, Raleigh division president of KB; Keith Wood, vice president of Standard Pacific s Raleigh division; and Tom Sewitsky, Raleigh division president for Beazer Homes, have all left their jobs since early December ... and Beazer Homes in Atlanta ... At Beazer Homes, Sewitsky left in January, but company officials did not respond to calls for an update about his replacement. (Raleigh Triangle Business Journal, NC)
Beazer reports smaller losses Feb 10, 2009
Beazer Homes reports lower loss ... Beazer Homes reported sharply lower first-quarter revenues and home sales Monday compared to the same period the previous fiscal year. (Atlanta Journal-Constitution)
New faces grace residential scene Feb 10, 2009
Trish Hanchette, Raleigh division president of KB; Keith Wood, vice president of Standard Pacific s Raleigh division; and Tom Sewitsky, Raleigh division president for Beazer Homes, have all left their jobs since early December ... and Beazer Homes in Atlanta. (Raleigh Triangle Business Journal, NC)
SEC Reaches Deal With Madoff Feb 10, 2009
Beazer Homes USA said its fourth-quarter loss narrowed to $80. 3 million from $138. (Washington Post)
Week-ahead business calendar Feb 9, 2009
Earnings reports expected from Beazer Homes, Euronext, Hasbro, Loews, Rohm and Haas, Whirlpool ... Earnings reports expected from Beazer Homes, Euronext, Hasbro, Loews, Rohm and Haas, Whirlpool. (San Francisco Chronicle -- Business)
Wall Street anxious for passage of stimulus Feb 9, 2009
Homebuilders Beazer Homes USA Inc. and Toll Brothers Inc., and beverage makers Molson Coors Brewing Co., Coca-Cola Co., and PepsiCo Inc. are among the companies reporting financial results. . (Atlanta Journal-Constitution -- Business)
MARKET SNAPSHOT: Stocks Pin More Hopes On Stimulus, Rescue Plan Feb 7, 2009
On Monday, homebuilder Beazer Homes (BZH), chemicals maker Rohm & Haas (ROH) and home-appliance maker Whirlpool (WHR) are slated to report results. On Tuesday, results are due from telecom player Qwest Communications (Q) and chip-equipment maker Applied Materials (AMAT), followed by results from the bank Credit Suisse (CS) on Wednesday. (CNNMoney.com)
Business Events Scheduled for the Coming Week Feb 7, 2009
ATLANTA Beazer Homes USA Inc. releases first-quarter financial results. PAWTUCKET, R.I. Hasbro Inc. releases fourth-quarter financial results. (ABC News -- Wire)
