Beazer Homes reported 1,215 orders for new homes for its third fiscal quarter of 2011, a 24% increase from the same period last year, and a 4% increase from the prior quarter. Total home closings from continued operations were 791 homes, a 49% decrease from the same quarter in 2010, but a 40% increase from the second quarter of this year.
Revenue from continuing operations for the quarter, which ended June 30, was $172.8 million, compared with $321.8 million in the prior year. Net loss, including a net loss of $3.4 million from discontinued operations, was $59.1 million for the quarter. For the prior year, the net loss of $27.8 million included a net loss from discontinued operations of $4.4 million.
The home builder’s total backlog was 1,848 homes with a sales value of $438 million, compared with 1,175 homes with a sales value of $288 million as of June 30, 2010.
Beazer’s decision to exit the Northwest Florida market had an impact on the results, the company said.&nb