Standard Pacific Corp. Announces Promotion of Dale Casey to President of Its Bakersfield, California Division

IRVINE, Calif., July 25 /PRNewswire-FirstCall/ -- Stephen J. Scarborough, Chairman and Chief Executive Officer of Standard Pacific Corp. , one of the nation's largest homebuilders, announced today that Dale Casey has been promoted to President of the Company's Bakersfield, CA division.

Mr. Casey has more than 30 years experience in the housing industry, and has been with Standard Pacific for over 8 years, as Vice President of Development Planning for the Company's Ventura division. Scott Stowell, Standard Pacific's Southern California Regional President noted, "Dale's proven leadership and extensive background in homebuilding operations make him the perfect choice to lead our Bakersfield operations. We are excited about the prospects the Bakersfield area has to offer, and are fortunate to have Dale represent us in our growth efforts there."

The Bakersfield division was formed when the Company acquired the homebuilding operations of Probuilt Homes in March 2005. The acquisition provided the Company with a strong initial position of over 1,000 buildable lots.

Standard Pacific, one of the nation's largest homebuilders, has built homes for more than 76,000 families during its 39-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, Florida, Arizona, Texas, the Carolinas, Colorado, 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, 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/.

This news release contains forward-looking statements, including statements regarding growth plans for the Bakersfield area. Such statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to differ materially from those that may be described or implied. Such factors include but are not limited to: local and general economic and market conditions, including consumer confidence, employment rates and interest rates. For a discussion of certain of the risks, uncertainties and other factors affecting the statements contained in this news release, see the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.