Beazer Homes USA Inc., headquartered in Atlanta, concluded its 2003 fiscal year ending Sept. 30 with record-breaking success.
According to a report released by Beazer Homes’ corporate office, the company recorded record earnings for its fiscal year and 15,409 total home closings. Beazer Homes President and Chief Executive Officer Ian J. McCarthy summed up Beazer’s year while addressing its board in November.
“Beazer Homes ends the year with a strong finish, surpassing numerous milestones,” McCarthy said. “For the first time we generated annual revenues in excess of $3 billion and the fourth quarter marked our first-ever $1 billion revenue quarter. This was accompanied by significant increases in earnings, illustrating our ongoing commitment to achieving profitable growth by leveraging our size, scale and geographic reach, as well as executing specific growth and profitability initiatives.”
Locally, Beazer Homes marked the successful closeouts in the communities of North Hampton, Seaside, Ocean Cay, Pine Chase, Northwood and Ponte Vedra by the Sea Estates. The company has two homesites remaining in North Creek in Duval County.
“We are very pleased with the tremendous success Beazer Homes has experienced this past year,” Division President Barbara Moore said. “Our presence in Northeast Florida continues to grow and we are looking forward to further success in 2004.”
Looking to 2004, Beazer Homes will introduce new communities as well as begin construction on its first building at Deerwood Place Condominiums, its new luxury mid-rise condominium development located in the heart of Jacksonville’s Southside area across from the Tinsletown entertainment complex. When construction is complete, six five-story buildings will command the 12-acre gated setting that makes up Deerwood Place. Each of these buildings will house two and three bedroom condominiums with up to 2,061 square feet of living space and two and a half baths.
Priced from the low $200s, Deerwood Place will also have a recreation center with swimming pool, hot tub, cabana and fitness center. In addition, residents will enjoy the convenient and enclosed parking on the first floor of each building.