ABOUT THIS COMPANY

ABOUT THIS COMPANY

At an average price of about $ $250,000, Beazer builds single-family homes primarily for entry-level and first-time move-up buyers. The company operates in 20 states, mainly in high-growth regions. Its Beazer Mortgage subsidiary generates mortgages for its homebuyers, and Homebuilders Title Services provides title insurance services in Florida, Texas, and Virginia. Company-operated design centers offer homebuyers limited customization features such as appliances, cabinetry, flooring, fixtures, and wallcoverings. Like most large homebuilders, Beazer subcontracts to build its homes. On average, Beazer builds 17,000 houses a year. In January 2002, Beazer picked up Indianapolis, Ind.-based Crossmann Communities for $493.4 million in cash and stock, expanding business in the Midwest and Southeast.