|Exchange:||New York Stock Exchange|
|Stock:||Standard Pacific Corp|
|Standard Pacific Corp was incorporated in the State of Delaware in 1991. The Company is engaged in the business of constructing single-family attached and detached homes with operations in the metropolitan markets in California, Florida, Arizona, Texas, the Carolinas, Colorado and Nevada. It believe that well-built and innovatively designed homes, located in desirable communities, and its focus on providing an outstanding customer experience, make Standard Pacific homes particularly attractive to the move-up homebuyer. It is currently building homes in 24 markets through its 14 operating divisions. Its homes sizes typically range from approximately 1,500 to 3,500 square feet, although it has built homes from 1,100 to over 6,000 square feet. At December 31, 2012, the Company owned or controlled 30,767 homesites (including joint ventures) and had 156 active selling communities. The Company customizes its home designs to meet the specific needs of each particular market and its customers’ preferences. It has a mortgage financing subsidiary that provided financing to nearly 82% of homebuyers who chose to finance their home purchases during 2012. In addition to being a source of revenues, its mortgage operations benefit its homebuyers and complement its homebuilding operations by offering a dependable source of competitively priced financing, staffed by a team of professionals experienced in the new home purchase process and its sales and escrow procedures, all of which help to make its new home deliveries more predictable. The loans funded by its mortgage subsidiary are generally sold in the secondary mortgage market. The Company competes with numerous other residential construction firms, including large national and regional firms, for customers, land, financing, raw materials, skilled labor and employees. Its homes are marketed through a variety of channels, including through individual communities where new homes are sold by local sales teams. The Company competes with numerous other residential construction companies, including large national and regional firms, for customers, land, financing, raw materials, skilled labor, and employees. The Company’s homebuilding operations are subject to federal, state and local regulation, including environmental, building, worker health and safety, zoning and land use regulation.|
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