Standard Pacific acquires homebuilding operations of Streetman Homes Standard Pacific Corp. announced the acquisition of the homebuilding operations of Austin, Texas builder Streetman Homes. The acquisition giving the company control of approximately 850 additional homesites in this market. The acquisition includes approximately 10 current and future communities, of which 5 are actively selling.
CalAtlantic reinstated with Overweight, added to Focus List at JPMorgan JPMorgan analyst Michael Rehaut reinstated CalAtlantic Group (CAA) with an Overweight rating and added the stock to his firm's Equity Analyst Focus List. Rehaut has a $56 price target for shares. The homebuilder offers investors "solid" geographic diversity and "strong" positioning in many core markets, the analyst tells investors in a research note. CalAtlantic is the renamed merged entity of Standard Pacific (SPF) and Ryland Group (RYL).