IRVINE, CA—As the housing sector outlook continues to brighten, homebuilderStandard Pacific Corp. is reporting a strong second quarter on many fronts. Compared to Q2 2013, the firm reports pretax income of $91.8 million in Q2, up 80%; backlog value of $1.1 billion, up 20%; home-sale revenues of $591.7 million, up 36%; average selling price of $479,000, up 21%; and 1,236 new home deliveries, up 13%.

According to Scott Stowell, Standard Pacific’s president and CEO, “Our 2014 second-quarter performance reflects the strength of our positioning and the continued execution of our strategy. Our early efforts to build a strong land position and to create an innovative product portfolio for the move-up homebuyer, combined with the … focus of our team on constructing well-built homes and providing an exceptional customer experience, have all contributed to our 80% increase in pretax profit and our solid operating margin, which was 15.2% for the 2014 second quarter.”

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