News
Could Mega-merger Spark More Consolidation for Homebuilders?
Standard Pacific Corp. and Ryland Group announced plans to merge on Sunday. The new company will reportedly be worth $5.2B, own or control 74,000 lots, have a presence in 538 active communities in 17 states and feature homes ranging from entry level to luxury. This is the first consolidation of two large, publicly traded builders since 2009 according to Construction Dive, which speculates that the wave of consolidation may just be getting started. Builder magazine’s 2015 Builder 100 list ranks Standard at No.5 for most homes sold with Ryland coming in at No. 11. [CD]
