Standard Pacific Homes
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| Standard Pacific Homes | |
| Type | Corporation |
|---|---|
| Founded | 1961 |
| Headquarters | Irvine, California |
| Key people | Stephen J. Scarborough, CEO |
| Industry | Home construction |
| Revenue | $4.11B |
| Operating income | $1.10B |
| Employees | 2,630 |
| Website | [1] |
Standard Pacific Homes is a Fortune 500 company based in Irvine, California engaged in the development of single-family homes. The company is the nation's 11th largest homebuilder by sales, and has built houses in California, Florida, Arizona, the Carolinas, Texas, Colorado and Nevada.
[edit] History
The company now known as Standard Pacific Homes was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. Operations expanded to include Northern California in 1970, Texas in 1978, and Arizona in 1998. Since then the company has expanded into new markets primarily by acquiring established homebuilders in those areas.
[edit] Corporation
Shares of Standard Pacific Homes are traded on the New York Stock Exchange with the ticker symbol SPF. The chairman of the board of directors is Stephen J. Scarborough, who is also the largest individual shareholder, albeit owning less than 2% of the company. The stock is a part of both the S&P 400 and the S&P 1500 indices.
