IRVINE, CA-Standard Pacific Corp., a home builder based in Irvine, has reported a profit of $10.7 million in Q2 2010 after a loss of $23.1 million in Q2 2009. The improved Q2 results were due to better gross margins, increase in average prices of sales, and lesser asset damages.

Standard Pacific's revenue has increased by 9% to $317.2 million and the average price for homes sold in this quarter is up 18% to $355,000 compared to that of last year. For the full story, go to Orange County Business Journal.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Capital Markets
Los Angeles
National