Beazer Homes USA, Inc. (NYSE:BZH) Q1 2024 Earnings Call Transcript

Jay McCanless: Do you – and I guess a lot. I got one more because you raised the point about the labor. I mean, we’ve heard from other builders, public and private that as multifamily construction, especially in the southeast, seems to have peaked and is on the wane, that’s freeing up some labor availability. Are you guys seeing any of that yet?

Allan Merrill: Yes, there are certain trades that are crossovers. If they’re doing – they’re working above two or three stories, those trades don’t immediately translate to our single family business. But yes, they’re drywall, painting, plumbing, electrical contractors. And I agree with that. I think that there are some markets where there is some excess right now. And, so, yes, that is a factor. But there – you can appreciate this. We don’t want just anybody to build our home. And so one of the things we’re trying to do is make sure that we maintain our safety protocols, our quality protocols, our schedule protocols. Cost is certainly an important part of that equation, but we always put safety first. If builders or the trades aren’t following our safety protocols, they can’t be on our job site.

And I don’t ever want to compromise on that. That’s number one. So yes, we can see a little benefit from that, but we’re going to be careful not to go chase $0.10 a square foot if it changes the safety or the cleanliness of our job sites.

Jay McCanless: Understood. Okay. Thanks, guys.

David Goldberg: Thanks, Jay.

Operator: Thank you. We have no further questions.

Allan Merrill: Okay, I want to thank everybody for attending our first quarter call, and we’ll be back next quarter to update on how business is going. Thank you very much and talk to you soon.

Operator: Thank you. That does conclude today’s conference. Thank you for participating. You may disconnect at this time.