Post by Sparky on Feb 3, 2007 22:29:06 GMT -8
I think clearly that '07 will be a challenge for us, and likely – unless there's a dramatic pickup – '08 will be a sub-par year from a return perspective as well. I think it's way too early to say when that will happen."
Stephen Scarborough, CEO of Standard Pacific, Feb 3, 2007
Standard Pacific Homes CEO Stephen Scarborough said Friday that he doesn't foresee a huge recovery in the national new-home market at least for a year or more.
Scarborough, speaking during the Irvine homebuilder's fourth-quarter earnings conference call, said earnings won't improve significantly through 2008.
www.ocregister.com/ocregister/money/homepage/article_1563265.php