Industry News

Beazer posts $123 million in losses as backlog persists

Home closings down 36% from a year ago
Published on Jul 26, 2007

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by CareyBot

Beazer Homes USA Inc. posted quarterly losses of $123 million as the builder wrote down the value of unsold homes, abandoned land option contracts and totaled up goodwill impairments. Pretax charges on inventory impairments totaled $113.9 million, the company said, ...

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