Real Estate Sector Ideas

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$SPF Standard Pacific Sees Big January Orders Growth

Add upscale #homebuilder Standard Pacific (SPF) to those reporting strong January order growth, which some economists and builders say bodes well for the coming spring selling season. SPF says during the 4Q conference call had a net 463 contracts signed last month, up 27% from a year earlier and faster than 4Q's 11% order growth. "Sales trends were positive in nearly all of our markets in January," notes CEO Scott Stowell. "2015 is off to a strong start, and we're looking forward to the spring selling season." Shares rise 4.1% to $7.54, moving shares back into the green for 2015.

http://seekingalpha.com/article/2894876-standard-pacifics-spf-ceo-scott-stowell-on-q4-2014-results-earnings-call-transcript?auth_param=21hhj:1adai9a:1cc3cf0705313b05dc841355772c93ac&uprof=45