Beazer Homes Usa(NYSE) BZH

Beazer Homes USA, Inc. builds houses throughout the United States. They build single-family homes and townhouses in many states. Their homes provide energy-efficient and affordable places to live.

What Beazer Builds

• Homebuilding: Detached and attached dwellings; accounted for $490.9 million in revenue during the third quarter of fiscal 2026.
• Land Sales: Sale of lots or parcels that do not fit strategic plans; accounted for $25.4 million in the third quarter of fiscal 2026.
• Brand Portfolio: Residential properties sold under the Beazer Homes, Gatherings, and Choice Plans brands across 13 states.

Steps Toward Expansion

• Increased the average active community count to 169 in the third quarter of fiscal 2026.
• Invested $199.6 million in land acquisition and development during the third quarter of fiscal 2026.
• Repurchased 2.9 million shares of common stock for $66.2 million during the first nine months of fiscal 2026.
• Amended the Unsecured Facility to increase borrowing capacity and extend its maturity date.

Efficiency Through Land Options

The company builds homes meeting energy efficiency standards to reduce utility costs for owners. They use lot options to control 60.0% of their active land supply as of June 30, 2026. This strategy helps the company manage financial risk while securing land for future housing communities.

Results by the Numbers

• Homebuilding revenue reached $490.9 million in the three months ended June 30, 2026, down 8.3% year over year.
• Average selling price (ASP) for closed homes was $547,800 in the third quarter of fiscal 2026, up 5.9% year over year.
• Total debt reached $1.41 billion as of June 30, 2026, compared to $1.14 billion as of June 30, 2025.
• Market capitalization was $743.6 million in the third quarter of fiscal 2026, up 12.9% year over year.

Final Observations

Beazer Homes has evolved to emphasize capital-efficient land acquisition through lot option agreements. The company remains focused on building energy-efficient homes while expanding its active community count toward a 200-community target.