Homebuilder Beazer Swings to Loss in Quarter

Atlanta, GA, Feb. 8, 2011 — Beazer Homes USA  reported a loss of $48.8 million, or $0.66 per share, for the three months ended Dec. 31, compared to income of $48 million, or $1.17 per share, a year ago.

Revenue fell 48 percent to $110.3 million from $213.1 million.

However, Beazer said it expects seasonal improvements in buyer demand over the next six months. 

Total backlog declined to 800 homes from 960 homes.