Beazer President Says Toughest Time in History of Homebuilding Industry

Charleston, S.C.:

New home permits are down… More and more homes are remaining empty and homebuilders are holding on to more inventory than ever.

“Its really hard right now, it’s probably the toughest time in the history of this industry,” said Frank Finlaw, Charleston Division President for Beazer Homes.

But Phillip Ford, VP, Trident Homebuilders Association, says panic and rumors are making the situation worse: “I just refinanced my house, my in laws just bought a new house. There are mortgage options out there you just have to look for them. There are opportunities out there, it’s not dried up.”

Beazer Homes Leaving Charlotte Market?

Beazer has built hundreds of homes around Charlotte, but now the Atlanta based builder may be closing all of its operations here.

Beazer was the target of a federal lawsuit claiming sales agents falsified documents to help buyers get homes. Homes that some buyers couldn't afford.
Many of those homes ended up in foreclosure.

WBTV's Melissa Hankins has been following the Mortgage Meltdownand brings us this report.
Press "PLAY" for the complete story.

You may also remember Beazer homes from the dozens of stories we did about its relationship with the Coffee Cup restaurant.

Beazer owned the land where the historic restaurant was located. On Clarkson Street, just outside of Center City.

After years of fighting to remove the Coffee Cup so Beazer could build, the restaurant finally moved on its own. Now, it looks like the big progress the Coffee Cup was fighting may be stopped completely.

Beazer pulls out of charlotte, beazer homes charlotte, beezer, beezer charlotte, beazer closing down Charlotte Coffee Cup Restaurant