Beazer Sees Times Good For Buying Home

Feb 10, 2008 (financialwire.net via COMTEX) -- BZH | news | PowerRating | PR Charts -- February 8, 2008, 2008 (FinancialWire) Despite all of the negative commentary about the housing and credit markets, 64 percent of Americans believe that for those with good credit and a down payment "this is an ideal time to buy a home," according to a study commissioned by Beazer Homes (NYSE: BZH).

Perhaps with an eye toward the future, 24 percent of survey respondents say they plan to buy a new home in the next two years either as a primary residence or second/vacation home.

Indeed, according to Beazer's survey, 65 percent of survey respondents agree that given the current supply of homes for sale and special incentives this is "truly a buyer's market." And, 39 percent believe that tentative buyers who are waiting for home prices to go lower risk "missing out on one of the greatest home-buying markets in recent history."

As in most areas, experience brings additional confidence. The survey found 70 percent of experienced homebuyers urging renters to purchase a home as soon as he or she is financially able to do so.

This sentiment seems to resonate with prospective first-time buyers, with 30 percent citing they are "looking to make an investment" as their primary motivation for purchasing a new home. This is followed by the desire for a better location (22 percent) and the need for a bigger home (21 percent). Experienced buyers, on the other hand, ranked a "desire for less maintenance and up-keep" (35 percent), better location (27 percent) and investment (14 percent) as the primary motivations for their next home purchase.

Across the board, consumers appear optimistic about the availability of home mortgage options. For experienced buyers, 75 percent believe there are plenty of mortgage options available for those with good credit compared with 53 percent of first-time buyers. When it comes to securing a home mortgage, 24 percent of total respondents report they are currently saving for a down payment.

Benefits to purchasing a newly constructed home include more livable floor plans, better warranties, energy-efficient systems and options and, in many instances, the ability to personalize certain features such as flooring, cabinetry and paint colors. Additionally, a new home does not require the costly updates or remodeling that can accompany the purchase of a re-sale home.

Beazer Homes surveyed 548 adults nationwide, Jan. 4-7, 2008, between the ages of 25 to 72 with a minimum annual household income of $40,000. MOE 3 for all adults. Fieldwork by Fitzgerald+CO.

Beazer Homes USA Inc. was enrolled in Investrend Research affiliate ValuEngine's professional analyst program. Complete information is available at the company's InvestorPower(tm) page, which is accessible from http://www.investrend.com/company/list.asp?sPathParam=yes .

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