Standard Pacific Corp. Names Keith Wood President of Its Raleigh, North Carolina Division

IRVINE, Calif., Feb. 14 /PRNewswire-FirstCall/ -- Stephen J. Scarborough, Chairman of the Board and Chief Executive Officer of Standard Pacific Corp. , today announced that Keith Wood has joined Standard Pacific as President of the Company's Raleigh, NC division.

Mr. Wood is a veteran of the homebuilding industry, with more than eighteen years of diversified experience. Most recently, he was a Division President in the Mid-Atlantic for a large national, publicly-traded homebuilder. During his career, he has also served in homebuilding management positions in finance, sales and marketing, project management and operations.

Bruce Dickson, Standard Pacific's Southeast Regional President noted, "Keith's broad range of homebuilding experience in multi-functional disciplines, coupled with his natural desire to lead a customer-centric division, make him the perfect fit. We are very fortunate to have Keith lead our Raleigh operations."

Standard Pacific, one of the nation's largest homebuilders, has built homes for more than 83,000 families during its 40-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in some of the strongest housing markets in the country with operations in major metropolitan areas in California, Texas, Arizona, Colorado, Florida, the Carolinas and Nevada. The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Family Lending Services, WRT Financial, Westfield Home Mortgage, Home First Funding, Universal Land Title of South Florida and SPH Title. For more information about the Company and its new home developments please visit our website at: http://www.standardpacifichomes.com/.

First Call Analyst: FCMN Contact: dpleickhardt@stanpac.com