Beazer Homes USA, Inc. (BZH) Reduces Expectations for Fiscal 2010 New Home Orders
Beazer Homes USA, Inc. lowered its financial guidance for new home orders for the current fiscal year due to lower than expected demand by customers in the wake of the weak economy. The management of Beazer Homes USA, Inc. had previously indicated that new home orders in fiscal 2010 would exceed the level of new home orders in fiscal 2009, when the company sold 4,205 homes. Beazer Homes USA, Inc. reported that through 6/30/2010, the company had received orders for 3,438 new homes, and expects to receive orders for between 700 and 800 new homes in the final quarter of…