Standard Pacific Corp. Announces March 2001 New Home Orders

Apr 03, 2001, 01:00 ET from Standard Pacific Corp.

    IRVINE, Calif., April 3 /PRNewswire/ -- Standard Pacific Corp.
 (NYSE:   SPF) announced today preliminary new home orders for the one-month and
 three-month periods ended March 31, 2001.  The three-month period ended
 March 31, 2001 reflects 12 reporting weeks compared to 13 reporting weeks for
 the three- month period ended March 31, 2000.
 
                                                        Three Months Ended
                                    March                    March 31,
 
                               2001        2000          2001         2000
                                                      (12 weeks)   (13 weeks)
 
     Southern California       115          140           416          385
     Northern California        47           99           148          328
         Total California      162          239           564          713
 
     Texas                      56           53           167          157
     Arizona                   132           80           343          243
     Colorado                   37           --           110           --
 
         Total Company         387          372         1,184        1,113
 
 
     The following reflects the average number of active selling communities
 for the periods shown:
 
                                                         Three Months Ended
                                       March                 March 31,
 
                                2001        2000         2001        2000
 
     Southern California         21          24            21         23
     Northern California         14          11            13         14
         Total California        35          35            34         37
 
     Texas                       28          23            28         22
     Arizona                     18          13            17         13
     Colorado                    12          --            12         --
 
         Total Company           93          71            91         72
 
 
     The Company's cancellation rate for March 2001 was 23% compared to 20% for
 March 2000.
 
     Standard Pacific, one of the nation's largest homebuilders, has built
 homes for more than 43,000 families during its 35-year history.  The Company
 focuses its efforts on constructing move-up homes within a wide range of price
 and size with homes generally selling for $125,000 to over $1 million.
 Standard Pacific operates in some of the strongest housing markets in the
 country with operations throughout the major metropolitan areas in California,
 Texas, Arizona and Colorado.  The Company also provides mortgage financing and
 title services to its homebuyers through its subsidiaries and joint ventures,
 Family Lending Services, SPH Mortgage, WRT Financial and SPH Title.  For more
 information about the Company and its new home developments please visit our
 website at:  www.standardpacifichomes.com.
 
     This news release contains forward-looking statements regarding orders.
 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.  Orders are typically subject to
 cancellation and may not result in sales.  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
 and Quarterly Reports on Form 10-Q.
 
 

SOURCE Standard Pacific Corp.
    IRVINE, Calif., April 3 /PRNewswire/ -- Standard Pacific Corp.
 (NYSE:   SPF) announced today preliminary new home orders for the one-month and
 three-month periods ended March 31, 2001.  The three-month period ended
 March 31, 2001 reflects 12 reporting weeks compared to 13 reporting weeks for
 the three- month period ended March 31, 2000.
 
                                                        Three Months Ended
                                    March                    March 31,
 
                               2001        2000          2001         2000
                                                      (12 weeks)   (13 weeks)
 
     Southern California       115          140           416          385
     Northern California        47           99           148          328
         Total California      162          239           564          713
 
     Texas                      56           53           167          157
     Arizona                   132           80           343          243
     Colorado                   37           --           110           --
 
         Total Company         387          372         1,184        1,113
 
 
     The following reflects the average number of active selling communities
 for the periods shown:
 
                                                         Three Months Ended
                                       March                 March 31,
 
                                2001        2000         2001        2000
 
     Southern California         21          24            21         23
     Northern California         14          11            13         14
         Total California        35          35            34         37
 
     Texas                       28          23            28         22
     Arizona                     18          13            17         13
     Colorado                    12          --            12         --
 
         Total Company           93          71            91         72
 
 
     The Company's cancellation rate for March 2001 was 23% compared to 20% for
 March 2000.
 
     Standard Pacific, one of the nation's largest homebuilders, has built
 homes for more than 43,000 families during its 35-year history.  The Company
 focuses its efforts on constructing move-up homes within a wide range of price
 and size with homes generally selling for $125,000 to over $1 million.
 Standard Pacific operates in some of the strongest housing markets in the
 country with operations throughout the major metropolitan areas in California,
 Texas, Arizona and Colorado.  The Company also provides mortgage financing and
 title services to its homebuyers through its subsidiaries and joint ventures,
 Family Lending Services, SPH Mortgage, WRT Financial and SPH Title.  For more
 information about the Company and its new home developments please visit our
 website at:  www.standardpacifichomes.com.
 
     This news release contains forward-looking statements regarding orders.
 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.  Orders are typically subject to
 cancellation and may not result in sales.  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
 and Quarterly Reports on Form 10-Q.
 
 SOURCE  Standard Pacific Corp.