Beazer Homes to develop new energy-efficient community in Marietta

Published 01/05/2024, 15:06

ATLANTA - Beazer Homes (NYSE: NYSE:BZH), a prominent national homebuilder, has unveiled plans for a new 591-home community named GreenHouse in Marietta, Georgia. The development, spread across a 174-acre property south of Barrett Parkway, is set to offer a mix of townhomes, ranch-style, and two-story homes, with site work beginning in the summer and sales expected to launch in Fall 2025.

The Atlanta Division President of Beazer Homes, Kyle Lyne, emphasized that all homes in the GreenHouse community will meet the U.S. Department of Energy's Zero Energy Ready Home™ standards, which surpass current construction and energy codes. This certification ensures homeowners will benefit from significantly reduced energy bills and a lesser environmental footprint.

GreenHouse aims to integrate natural surroundings with residential spaces, featuring miles of trails, pocket parks, and gardens to foster a community-oriented atmosphere. Lyne expressed the company's commitment to creating a neighborhood that promotes social interaction and outdoor activities.

In response to market concerns about home affordability, Beazer Homes is also offering its proprietary Mortgage Choice program to prospective buyers in the GreenHouse community. This program encourages competition among lenders, providing customers with a range of loan options and competitive rates. Beazer Homes asserts that it does not profit from any loan program, guaranteeing favorable terms for buyers.

The addition of GreenHouse to Beazer Homes' portfolio expands its presence in the metro Atlanta area, where it currently manages 13 communities in various development stages.

This information is based on a press release statement from Beazer Homes.

InvestingPro Insights

As Beazer Homes (NYSE: BZH) announces its new GreenHouse community, it's worth noting the company's financial health and market performance. Beazer Homes is currently trading at a low earnings multiple, with a P/E ratio of 5.54, slightly down from the adjusted last twelve months as of Q1 2024 P/E ratio of 5.43. This could indicate that the company's stock is potentially undervalued compared to its earnings, making it an attractive investment for those looking at the fundamental value. Additionally, Beazer's stock price has demonstrated significant volatility, which might be a consideration for investors seeking stable returns.

On the liquidity front, Beazer Homes' liquid assets exceed its short-term obligations, suggesting a solid position to cover immediate liabilities. This could be reassuring for investors considering the company's ability to manage short-term financial challenges.

InvestingPro Data highlights that while the company's revenue has seen a decline of 6.89% over the last twelve months as of Q1 2024, Beazer Homes remains profitable with a gross profit margin of 20.25%. Moreover, analysts predict the company will maintain profitability this year. The company's return on assets stands at 6.82%, reflecting efficient use of its assets to generate earnings.

For those interested in more in-depth analysis, there are additional InvestingPro Tips available that could provide further insights into Beazer Homes' performance and projections. With the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of valuable financial information and investment guidance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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