Builder Homesite News Today

Beazer Homes USA, Inc. beats earnings expectations. Reported EPS is $1.26, expectations were $0.91.

It’s easy for non-real estate people to watch news stories and think, “The market’s crashing.” But it’s just slowing during a market correction and still up year-to-year.

There’s little doubt that the market has slowed over the past six to eight months: closed sales are down as buyers grapple with rising interest rates, it’s taking longer to sell a home, and bidding wars are not as common as they once were.