Beazer Homes Reports Smaller Quarterly Loss

Atlanta, GA, Aug. 5, 2010--Beazer Homes USA reported a smaller quarterly loss as sales closings rose in advance of the expiration of the federal homebuyer tax credit.

For its third quarter, Beazer posted a loss of $27.8 million, or $0.41 per share, compared with a loss of $28 million, or $0.72 per share, a year earlier.

Homebuilding revenue rose 52% to $339.9 million.

Home closings from continuing operations rose 73%, the company said.