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Standard Pacific Homes
Standard Pacific Homes (NYSE: SPF)

Headquarters:  Irvine, CA
CEO:               Stephen J. Scarborough,                           Michael C. Cortney
Employees*:    2,633
Home Types:   First-Time, Move-up,
                      Active Adult, Luxury
Average price:  $357,000
Year end:        December 31

Standard Pacific Corp. is a leading geographically diversified builder of single-family attached and detached homes. They construct homes within a wide range of price and size targeting a broad range of homebuyers. They have operations in major metropolitan areas in California, Texas, Arizona, Colorado, Florida, the Carolinas and Nevada and have built homes for more than 82,000 families during their 40-year history.

They embarked upon a geographic expansion plan seven years ago and since that time have entered 19 new markets. They currently build and sell homes in the following market areas:

Markets Year Entered
Orange County , California .....................................................................................................

1966

San Francisco Bay Area ..........................................................................................................

1972

San Diego , Ventura ...............................................................................................................

1973

Dallas , Fort Worth ..................................................................................................................

1984

Austin .....................................................................................................................................

1993

Phoenix ..................................................................................................................................

1998

Denver , Fort Collins , San Bernardino/Riverside ....................................................................

2000

Charlotte, Fort Lauderdale, Fort Myers, Miami, Orlando, Palm Beach, Raleigh/Durham, Tampa, Sarasota ...................................................................................................................

2002

Jacksonville , Los Angeles , Sacramento ................................................................................

2003

Tucson ....................................................................................................................................

2004

Bakersfield , Central Valley of California , Las Vegas , San Antonio .......................................

2005

In addition, they entered the Chicago, Illinois market by entering into a joint venture with a local homebuilder in 2005.

Standard Pacific Corp. delivered 11,411 new homes in 2005. Home prices range from under $100,000 to more than $3 million. For the year ended December 31, 2005, Standard Pacific recorded net income of $441 million on revenues of $4.0 billion. At the end of 2005, the company's backlog of 6,276 homes was valued at $2.26 billion.

In addition to their core homebuilding operations, they also provide mortgage financing and title services to their homebuyers through their subsidiaries and joint ventures: Family Lending Services, Westfield Home Mortgage, Home First Funding, Universal Land Title of South Florida and SPH Title.

For more information, click here to visit the Standard Pacific's Web site.