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Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Beazer High Cancellations Leads to Profitable Deposits
Tuesday, 16 October 2007

US Home Foreclosure filings up 99% from September 2006; Top home builder says 68% of its prospective buyers cancelled orders in the company's fiscal fourth quarter Home builder Beazer reported that 68% of its prospective home buyers cancelled their orders in the company's fiscal fourth quarter, which ended Sept. 30th. The cancellation rate was almost double the 36% of customers who cancelled orders and gave up deposits in the prior quarter.

US Home Foreclosure filings up 99% from September 2006; Top home builder says 68% of its prospective buyers cancelled orders in the company's fiscal fourth quarter
By Finfacts Team
Oct 12, 2007, 06:02







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RealtyTrac, an online marketplace for US foreclosure properties, reported on Thursday that its September 2007 US Foreclosure Market Report, shows a total of 223,538 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported during the month, down 8% from the 32-month high in the previous month, but still up 99% from the number reported in September 2006. The national foreclosure rate for the month was one foreclosure filing for every 557 households.

Home builder Beazer reported that 68% of its prospective home buyers cancelled their orders in the company's fiscal fourth quarter, which ended Sept. 30th. The cancellation rate was almost double the 36% of customers who cancelled orders and gave up deposits in the prior quarter.

Beazer, which had 2006 revenue of $5.46 billion and is one of the 10 biggest US home builders by sales, is one of the first to provide results from September.

http://www.finfacts.com/irelandbusinessnews/publish/article_1011462.shtml
 
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