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Press Release
For Immediate Release
Beazer Homes USA, Inc. Reports Home Orders,
Closings and Backlog for the
Quarter and Six Months Ended March 31, 2004
Atlanta, Ga., April 6, 2004—Beazer Homes USA, Inc. (NYSE:BZH) (www.beazer.com) today released preliminary unit net orders, closings and backlog for the quarter and six months ended March 31, 2004.
| New Orders (Units) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| For the Quarter Ended March 31, | For the Six Months Ended March 31, | |||||||||||
| 2004 | 2003 | % Change | 2004 | 2003 | % Change | |||||||
Southeast | 1,636 | 1,628 | 0.5 | % | 2,679 | 2,643 | 1.4 | % | |||||
West | 1,885 | 1,277 | 47.6 | % | 3,339 | 2,216 | 50.7 | % | |||||
Central | 351 | 296 | 18.6 | % | 536 | 528 | 1.5 | % | |||||
Mid-Atlantic | 403 | 496 | (18.8 | )% | 719 | 948 | (24.2 | )% | |||||
Midwest | 757 | 882 | (14.2 | )% | 1,063 | 1,385 | (23.2 | )% | |||||
Total | 5,032 | 4,579 | 9.9 | % | 8,336 | 7,720 | 8.0 | % | |||||
Closings (Units) | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| For the Quarter Ended March 31, | For the Six Months Ended March 31, | |||||||||||
| 2004 | 2003 | % Change | 2004 | 2003 | % Change | |||||||
Southeast | 1,197 | 1,093 | 9.5 | % | 2,454 | 2,186 | 12.3 | % | |||||
West | 1,404 | 1,095 | 28.2 | % | 2,618 | 2,135 | 22.6 | % | |||||
Central | 208 | 272 | (23.5 | )% | 448 | 538 | (16.7 | )% | |||||
Mid-Atlantic | 367 | 233 | 57.5 | % | 685 | 528 | 29.7 | % | |||||
Midwest | 508 | 604 | (15.9 | )% | 1,087 | 1,392 | (21.9 | )% | |||||
Total | 3,684 | 3,297 | 11.7 | % | 7,292 | 6,779 | 7.6 | % | |||||
-more-
| Backlog (Units) As of March 31, | ||||||
---|---|---|---|---|---|---|---|
| 2004 | 2003 | % Change | ||||
Southeast | 2,546 | 2,324 | 9.6 | % | |||
West | 3,008 | 1,914 | 57.2 | % | |||
Central | 484 | 497 | (2.6 | )% | |||
Mid-Atlantic | 1,151 | 1,120 | 2.8 | % | |||
Midwest | 1,281 | 1,605 | (20.2 | )% | |||
Total | 8,470 | 7,460 | 13.5 | % | |||
Preliminary backlog sales value as of March 31, 2004 totals $2.04 billion, up 37% from the backlog sales value of $1.49 billion as of March 31, 2003.
Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.
Contact: | Leslie H. Kratcoski Director, Investor Relations (770) 829-3700 lkratcos@beazer.com |
Beazer Homes USA, Inc. Reports Home Orders, Closings and Backlog for the Quarter and Six Months Ended March 31, 2004