Beazer Homes Update

Housing market conditions won't improve in near-term: Beazer


BOSTON (MarketWatch) -- Beazer Homes USA Inc. (BZH :
Beazer Homes USA, Inc.
BZH38.70, +1.40, +3.8%) Chief Financial Officer Jim O'Leary said the company doesn't see conditions in the U.S. housing market improving in the near-term as home cancellations rise. "About 50% of the people canceling on us now have home-to-sell issues . . . and some are looking for better deals," the CFO said Tuesday at the Credit Suisse Homebuilders Symposium. "A lot of buyers are having trouble closing [on their existing homes], and they don't want the risk of owning two homes in this market," O'Leary added