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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| December 01, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BUILDING

Standard Pacific to build more

The California home builder expects to grow earnings by 15% in '06 by increasing unit volume to make up for lower home prices. Chief Financial Officer Andrew Parnes told analysts it will be "challenging" to sustain profit margins, which are at all-time highs. He said Standard Pacific plans to open 150 new communities in '06 vs. 100 openings this year. Shares rose 1% to 37.69.

Industry seen ready for pullback

MDC Holdings' chief financial officer told a gathering of analysts that the home-building industry is better prepared for a possible decline in the coming years than it was in the late '80s. That housing industry decline caused several builders to fall into ...

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