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Friday, November 09, 2007

Beazer to delay paying subcontractors

by Calculated Risk on 11/09/2007 11:50:00 PM

From the Charlotte Observer: Beazer to delay paying subcontractors (hat tip idoc)

Beazer Homes USA is delaying payments to subcontractors in Nashville ...

The Observer obtained a letter dated Nov. 5 and signed by Beazer's Nashville division President David Hughes, who said, "It is unfortunate, but we cannot continue the prompt payments you have received in past years."
Not BK, but this doesn't sound good. Beazer is the 7th largest home builder in the U.S. according to BuilderOnline.