Standard Pacific Homes announced late Friday it has acquired the home building... More
The accolade, presented by BUILDER, honors home builders that have risen from the dust of the housing recession. More
The company reported a net loss of $10.5 million in the second quarter. More
The builders plans to open 55 new communities in 2011. More
Suit claims major home builders and manufacturers stole proprietary technology and violated agreements. More
Standard Pacific Homes expects to continue reducing its land position next year at prices that, in some outlying markets, might require heavy discounts in order to attract buyers. Andrew Parnes, CFO for the Irvine, Calif.-based builder, told investors at the Banc of America Securities Credit Conference this morning that his company generated $190 million from the sale of more than 4,400 lots in the third quarter and expects to sell another $50 million in lots by the end of its fiscal year. More
Standard Pacific Corp. will not file Chapter 11 bankruptcy protection according to CEO Stephen J. Scarborough. In fact, Scarborough called the recent mumblings about the builder's future as "speculation" on Tuesday at the JPMorgan Homebuilding and Building Products Conference in Las Vegas. More
Standard Pacific Homes reported yesterday that it lost $119.7 million in the three months ended Sept. 30, a steeper drop than some analysts had anticipated. Its revenue from home and land sales during that quarter fell 19 percent to $675.5 million. Through the first nine months of its fiscal year, StanPac's revenue declined 24 percent to $2.07 billion, and it reported a loss of $326.4 million, compared to positive earnings of $222.1 million in the same period a year ago. More
Standard Pacific Corp is reporting a $165.9 million loss for the second quarter ending June 30. Home building revenue for the California-based company plunged to $694.8 million from $1 billion a year ago. "Challenging market conditions across most of the country continue to put pressure on our operating results," said CEO Stephen J. Scarborough. "High levels of new and existing home inventory on the market, increasing mortgage interest rates, a tightening of lending standards and reduced housing affordability in many markets have all contributed to weak new home sales." More
Over the years, more than a thousand home and apartment building companies have... More
