Beazer to delay some payouts

“I've never had a problem with them”

Beazer Homes USA will delay paying subcontractors in at least one city where it builds homes, as the company struggles to ride out one of the most severe housing slumps in recent history.

The Observer obtained a letter dated Nov. 5 and signed by Beazer Nashville division President David Hughes, who said 'effective immediately' the company would hold up payments.

'It is unfortunate, but we cannot continue the prompt payments you have received in past years,' the letter stated.

It is unclear how this policy specifically differs from Beazer's previous payment schedule, and if it extends beyond Nashville. Read more