Beazer Homes USA is pulling its operations out of Colorado, possibly as early as the end of this month. The move was reported in the Rocky Mountain News, and was confirmed by a Beazer spokeswoman Wednesday.
According to Builder Magazine's Builder 100 survey, Beazer closed 394 homes in Denver in 2007, its only reported closings in Colorado for that year. In 2006, Beazer reported 380 closings in Denver, and 178 in Colorado Springs. Nationally, Beazer’s closings fell to 11,366 in 2007 from 17,500 units in 2006.
Beazer currently has 18 actively selling projects across Colorado and ranks 10th and 16th in year-to-date net sales and closings, respectively, according to data from Hanley Wood Market Intelligence (HWMI), a sister division of Builder. Beazer had planned for construction of 1,959 units in Colorado across all 18 projects, and HWMI's data shows it has sold 1,025 units to-date. The average base price among all 18 developments is $250,460, according to HWMI.