Home Add to Favorite Contact Submit  
           17 February, 2020

Category:  Press » Real Estate


Standard Pacific Corp. Announces 2006 April and May Order Trends and Share Repurchases

         Views: 1711
2006-06-05 02:51:30     

Standard Pacific Corp. (NYSE: SPF), today reported 2006 orders for April and May and stock buybacks under the Company's $100 million repurchase authorization.

Net new home orders for the first two months of the 2006 second quarter were down 41% from the year earlier period, driven in large part by an increase in the Company's cancellation rate and continued softening of demand in many of the Company's larger markets. Orders were off in Southern California, Northern California, Florida and Arizona, up in Texas and Colorado and off slightly in the Carolinas. The Company's gross orders for the first two months of the 2006 second quarter were off 22% versus the year ago period.

In light of the decreased order levels for the first two months of the 2006 second quarter, the Company expects to lower its earnings and delivery guidance for the full year and will provide the updated guidance in conjunction with its regularly scheduled earnings release at the end of July.

The Company continued to repurchase shares of its common stock pursuant to the Board's $100 million authorization. For the two month period ended May 31, 2006, the Company repurchased over 1.7 million shares of its stock, bringing the year-to-date total to over 3.1 million shares, or nearly 5% of the Company's outstanding shares.

Standard Pacific, one of the nation's largest homebuilders, has built homes for more than 85,000 families during its 40-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado, and Nevada. The Company provides mortgage financing and title services to its homebuyers through its 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 about the Company and its new home developments, please visit our website at: http://www.standardpacifichomes.com.

This news release contains forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to differ materially from those that may be described or implied. Such factors include but are not limited to: local and general economic and market conditions, including consumer confidence, employment rates and interest rates. For a discussion of certain of the risks, uncertainties and other factors affecting the statements contained in this news release, see the Company's most recent Annual Report on Form 10-K.

Specialized in: Trends And Share Repurchases - Standard Pacific Corp
URL: http://www.standardpacifichomes.com/
Print press release      Bookmark this page
Related Press releases 
Real Estate Expert Marian Schaffer of Southeast Discovery Shares 9 Tips for Buying a Home in a Gated Community (Popularity: ): Libertyville, IL - January 05, 2017 -- Marian Schaffer, Principal and Founder of Southeast Discovery, a real estate consulting firm specializing in guiding Baby Boomers with their real estate needs in the niche markets of retirement relocation and second homes in the Southeast region, recently shared 9 tips for buying a home in a gated community.“Many of the clients we’ve worked with in the last 10 years want to buy ...
RE/MAX Ocean Village Launches SALE on Homes and Villas in Costa Rica (Popularity: ): Playas Del Coco, Guanacaste ( press.abc-directory.com ) February 19, 2016 - Being surrounded by the pristine beaches of Playa Hermosa, Ocotal, Playa Pamana and Matapalo and the majority of the popular tourist attractions - the area is ideal for a second home, vacation property, retirement home or investment property. Buying a dream villa in Costa Rica gets easier as Costa Rica's #1 real estate company RE/MAX Ocean Village has recently ...
Prestige Group Launches Prestige Royale Gardens (Popularity: ): Bangalore, India, August 15th, 2013 -- The Prestige Group credited with being the most successful and innovative property developer in South India unveils Prestige Royale Gardens, in Yelahanka. The new project is a luxury development and promises to enhance the quality of living in the fast growing, North Bangalore.Irfan Razack, CMD, Prestige Group adds, “We are happy to announce the launch of our next major project in the city, one ...
MeetMyAgent Comments as Co-Operative Bank Launches 10% Mortgage (Popularity: ): London, United Kingdom (26 November, 2012) – MeetMyAgent.co.uk, an independent estate agent review and rating website, comments after the Co-Operative Bank announced the launch of a two-year fixed rate mortgage for borrowers with a 10 per cent deposit, and charges under 4 per cent interest.The mortgage from the Co-operative Bank carries no set-up fee, and charges 3.99 per cent until 31st December 2014. This offer is now the UK’s official ...
Jones Leaving the Detroit Housing Commission for Key Toronto Position (Popularity: ): DETROIT, May 7, 2012 -- Eugene E. Jones, Jr., the executive director who turned around the Detroit Housing Commission (DHC), whose control is now being transitioned from the United States Department of Housing and Urban Development (HUD) to becoming a stand alone agency, has accepted the position as President and Chief Executive Officer of the Toronto Community Housing Corporation. He will be assuming his new position on June 18.DHC is ...

Press release home snapshot 

Related Business 
Modern Dress Trends (Popularity: ): Here you can talk and share about your favorite fashion trends. Explore the fashion world with help of these best articles about clothes and accessories for free.
Online Stock Trading (Popularity: ): Online stock trading brings the opportunity to make money online through online Stock trading in India. Get free updates on stock prices and share market trends. They handle your order for 100 shares of RELIANCE with the same care and documentation as my order of 100,000 shares of Infosys.
Pacific Edge Dental Laboratories (Popularity: ): Pacific Edge Dental Laboratories was established on the foundation of service excellence, continuing technical education and quality assurance. Our laboratory is located just a few minutes south of San Diego, Calif., in Baja California, Mexico — just near the edge of the Pacific Ocean. This gives us the opportunity to keep costs low, and we share that saving with you! Prescribe Pacific Edge today, and you'll experience a refreshingly high ...
Micro Share UK Investment Software (Popularity: ): Download share prices from teletext, prestel or the Internet, plot graphs to analyze price trends and generate real time graphs using teletext.
Electronic Design Automation and Test (EDA&T) Expo (Popularity: ): One of the largest design automation shows in the Asia-Pacific region. The next EDA&T Expo will be held in Shanghai, April 8-9, 2002; and in Beijing, April 11-12, 2002.
Asian Pacific Student Alliance (Popularity: ): Culturally based organization established to unite diverse students to learn and share in the Asian and Pacific Islander cultural traditions and beliefs.
Secure Pacific Corp. (Popularity: ): Secure Pacific is the leading verified security company in the Pacific Northwest. For more than 30 years, our team has supported business and home owners from local offices across Oregon, Washington and Idaho. Our suite of security solutions is customized to meet the unique needs of your business or home.
Foods Pacific Ltd. (Popularity: ): Foods Pacific Group of Companies consists of Foods Pacific Ltd, Tripacific Marine and Pacific Feeds. The group has grown from its long established success with corned meat processing and canning, which is the backbone of the company. If you are looking to experience the appetizing taste of Authentic Indian Cuisine, you may visit us online and we keep rendering best array of mouth watering traditional Indian cuisine and you only ...
AmiBroker (Popularity: ): A comprehensive share manager, to study and predict, trends in the market as well as maintains a portfolio. Chart share prices, volume and turnover values, short-term and long-term moving averages, Bollinger bands, ROCs, RSIs, MACDs, and OBVs. [Win 95/98/Me/NT/2000]
The Style Net (Popularity: ): Fashion trends are something that should not be following blindly as not only do they keep changing every season, but they are not suitable for everyone and trends should be chosen as per your personality and what suits you best. The author takes an in-depth look at what fashion trends are making waves this year and also shares some tips on how to really follow these trends, within your own ...