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Survey: Practicality rules the day when it comes to outdoor DIY trends

BY HBSDealer Staff

The Home Projects Council, a recently formed panel of 10 home improvement experts, surveyed more than 1,200 homeowners planning home improvement projects in 2013. The findings: Functional utility rules the day when it comes to outdoor DIY projects.

Specifically, 57% of respondents reported that functional value was their most important consideration, compared with 28.3% who valued aesthetics and 14.7% who weighed price above all.

Green thumbs also had their moment when it came to "most desirable projects," with 49.1% favoring "plant a garden." The overwhelming majority (71.4%) were "very likely" to try this themselves.

Comparitively, projects respondents considered too difficult to do themselves included "build an outdoor kitchen;" "install a garden pond;" "pour concrete slabs for patios, steps or sidewalks;" and "resurface concrete driveway, sidewalk or patio."

Of the sample surveyed, 80% had household incomes from $50,000 to $250,000, with 36.6% claiming beginner-level skills, 54.8% considering themselves intermediate and 8.6% touting an expert level of skill.

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Beazer’s results ramp up in Q3

BY HBSDealer Staff

Beazer Homes has reported a sunny outlook for the third quarter and nine months ended June 30, paving the way for sustained profitability. Higher margins and increased sales pointed to significant progress on its Path-to-Profitability strategies.

The company’s net loss for the third quarter totaled $5.79 million, compared with $39.88 million in the prior-year quarter. Total revenue rose 24% to $314.44 million from $254.56 million in the prior-year period. Home-building revenue rose 24% from the year-ago third quarter to $313.13 million.

“We were pleased with the continued improvement in both our key operational metrics and our financial results for the third quarter,” said CEO Allan Merrill. “With improved home-building gross margins, higher average sales prices and strict control over operating expenses, we are poised to report positive net income in our fiscal fourth quarter and expect to report our first full year of profitability in nearly a decade for fiscal 2014.”

Adjusted EBITDA was $21.8 million, a major uptick from last year’s $4.0 million. 

Meanwhile, orders were a slightly mixed bag, with year-to-date figures up over 2012 and overall third-quarter numbers down on a year-over-year basis.

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HCN Stock Watch: BXC on the fritz

BY HBSDEALER Staff

Following a more than 5% gain the day before, BXC’s stock fell to $1.85 by a margin of -9.76%.

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