Industry News

Home builders to present at New York conference

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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. ...