Industry News

Home builders to present at New York conference

Beazer, D.R. Horton and others attend Credit Suisse event

Several large home building companies, among them Beazer Homes USA Inc. and D.R. Horton Inc., are scheduled to deliver presentations this week at a Credit Suisse Homebuilder Conference in New York and have plans to broadcast the presentations live at their Web sites. Many of the presentations are scheduled Tuesday -- the same day as a much-anticipated Federal Reserve committee meeting in which the Fed will consider whether to make changes to the federal funds rate -- several real estate industry trade groups have encouraged a reduction in this rate to jump-start a stumbling housing market. The Credit Suisse conference, which begins today and runs through Tuesday, comes at a time when several publicly traded building companies are struggling with stagnant sales and a series of quarterly losses. Beazer, a publicly traded company that has seen its stock price tumble from $80.13 per share on Jan. 10, 2006, to a seven-year low of $8.77 on Aug. 28, 2007, is scheduled to present at 9:50 a.m. ...