UPDATE 1-Beazer Homes says Q4 orders up by a third
* Backlog at end-Sept up 88 pctOct 13 (Reuters) - Home builder Beazer Homes USA Inc
said its fourth-quarter orders rose by a third, suggesting an
improvement in the housing market after a prolonged slump.The company said July-September orders rose 33 percent from
last year on a preliminary basis. This double-digit growth comes
on the back of order growth of 23.7 percent in the company’s
third quarter.Last month, KB Home — the fifth-largest U.S. home
builder — reported a 40 percent jump in quarterly orders, while
third-ranked Lennar Corp posted an 11 percent increase.Beazer shares closed at $1.69 on Wednesday on the New York
Stock Exchange.
