Beazer Homes USA Inc
US markets and investors might have taken the Fed’s interest rate hike positively, but it’s important to explore the future outlook of mortgage REITs.
Credit eased during the quarter, but it was primarily associated with commercial real estate and commercial or industrial lending.
The Fed made no changes at its October meeting. Given that it chose not to taper at the September meeting and the shutdown, no one was really surprised.
Builders noted the shutdown and the impending debt ceiling have depressed consumer confidence, and this is flowing through to traffic.
The National Association of Homebuilders (NAHB) Sentiment Index came in at 58—the highest reading since July 2005, and only the third time since the bust that more homebuilders considered conditions to be more “good” than “poor.”
Beazer Homes is a geographically diverse homebuilder that focuses on lower price points Beazer is a homebuilder with a focus on the Southeast, the East, and the West. Its product focus is on the entry-level and first-time move-up homebuyer. Its market niche is in energy-efficient homes and flexible floor plans. Beazer is similar to KB […]