Standard Pacific Corp. posted second-quarter earnings of $10.7m, or four cents a share, the Irvine homebuilder said Thursday. Homebuilding revenue jumped as the average price of homes sold increased, and the company reduced the number of its costly land sales in the quarter ended June 30, helping it rebound from a loss of $23.1m, or 10 cents a share, in the same period last year.

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3d rendering of a row of luxury townhouses along a street

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