Beazer Homes USA Inc., the U.S. home builder that has reported losses for seven straight quarters, said Monday that sales plunged as the housing market deteriorated in its fiscal fourth quarter.

Completed sales fell 38%, to 2,441 homes, in the quarter ended on Sept. 30, by comparison with a year earlier, the Atlanta company said. Cancellations increased to 46%, from 37% in the previous quarter.

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