The mega-merger between Standard Pacific Corp. and Ryland Group will create the fourth-largest U.S. homebuilder and could be the first in a spate of consolidations in the industry.

“A public-to-public merger… is a rare occurrence, often spoken about but seldom done, thanks in some part to the enormity of egos or fire-in-the-belly of executives running the respective public home building companies,” John McManus, editorial director for the Residential Construction Group at Hanley Wood, the publisher of Builder magazine, wrote the morning after the two companies’ Sunday evening announcement.  Read the story

 

Top Image Credit: PR Newswire

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