Beazer Homes Bucks Homebuilder Trend

The Atlanta-based homebuilder, Beazer Homes, is managing to perform well despite the national news that the housing industry is causing major grief for new home construction.

While Beazer has projects in the Denver Metro area, the company actually also  builds homes in 21 states across the U.S. Maybe it’s this diversity that helps Beazer or maybe it’s their decision to get out of the mortgage-origination business.

In a recent report Beazer Homes stock (traded on the NYSE: BZH) rose 7% recently to 9.31.

I think that given what we’ve been seeing in the mortgage industry lately, Beazer may be wise to ditch it’s lending arm.

As a step in the direction to jettison it’s mortgage-origination business Beazer signed a marketing-services agreement with Countrywide Financial this month.

Beazer Homes USA, headquartered in Atlanta, Georgia, combines the capabilities of a national home builder with the knowledge and insight of the best local professionals. Beazer currently builds in over 40 markets in the Southeast, Mid-Atlantic, Midwest, West and Central United States.

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