Beazer Homes USA, Inc. Reports Home Orders, Closings and Backlog for the Quarter and Six Months Ended March 31, 2004
ATLANTA, April 6 /PRNewswire-FirstCall/ -- 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 For the Six Months Ended March 31, 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 For the Six Months Ended March 31, 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% 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.
SOURCE Beazer Homes USA, Inc. -0- 04/06/2004 /CONTACT: Leslie H. Kratcoski, Director, Investor Relations of Beazer Homes USA, Inc., +1-770-829-3700, or lkratcos@beazer.com/ /Web site: http://www.beazer.com / (BZH) CO: Beazer Homes USA, Inc. ST: Georgia IN: CST RLT FIN SU: JE-LA -- CLTU062 -- 4650 04/06/2004 16:10 EDT http://www.prnewswire.com