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.
* Employee figures are for the calendar
year 2005. |