Post by Bill on Apr 6, 2005 15:06:40 GMT -8
Interesting... I wonder if Standard Pacific will get in on one of the Montarra housing project.
Los Angeles Business from bizjournals - 2:49 PM PDT Wednesday
Standard Pacific Q1 orders decline
Housing company Standard Pacific's shares fell Wednesday after announcing home orders fell during the first quarter of 2005.
The company said order levels reflect healthy housing market conditions in the its three largest markets -- California, Florida and Arizona. The numbers generally were flat to gradually improving in the Carolinas, Texas and Colorado.
Total quarterly home orders declined to 2,825 compared to 2,890 in the same period last year. In Southern California, home orders were at 547 compared to 664 in the same period last year. For all of California, the numbers declined to 866 compared to 1,096.
Even though the company said the numbers were consistent with expectations, the company's shares dipped to $69.50 at close Wednesday compared to $74.65 at Tuesday's close.
Standard Pacific (NYSE: SPF) has built homes for more than 72,000 families during its 39-year history. The company is based in Irvine. In the fourth quarter, Standard Pacific reported a profit of $138.8 million and $315.8 million for fiscal 2004.
Los Angeles Business from bizjournals - 2:49 PM PDT Wednesday
Standard Pacific Q1 orders decline
Housing company Standard Pacific's shares fell Wednesday after announcing home orders fell during the first quarter of 2005.
The company said order levels reflect healthy housing market conditions in the its three largest markets -- California, Florida and Arizona. The numbers generally were flat to gradually improving in the Carolinas, Texas and Colorado.
Total quarterly home orders declined to 2,825 compared to 2,890 in the same period last year. In Southern California, home orders were at 547 compared to 664 in the same period last year. For all of California, the numbers declined to 866 compared to 1,096.
Even though the company said the numbers were consistent with expectations, the company's shares dipped to $69.50 at close Wednesday compared to $74.65 at Tuesday's close.
Standard Pacific (NYSE: SPF) has built homes for more than 72,000 families during its 39-year history. The company is based in Irvine. In the fourth quarter, Standard Pacific reported a profit of $138.8 million and $315.8 million for fiscal 2004.