CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. As of 2018, it was the 4th largest homebuilder in the United States. The company built homes for more than 113,000 families during its 46-year history. In February 2018, the company was acquired by Lennar Corporation. The company's homes and target buyers varied widely. It operated in many of the largest housing markets in the country including California, Florida, Arizona, The Carolinas, Texas, Colorado, and Nevada. The company developed subdivisions within urban metropolitan areas, as well as smaller groupings of new homes, and single homes such as rural ranch properties. The company was operated via various regional divisions representing different parts of the United States.
History
The company now known as Standard Pacific Homes was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. Operations expanded to include San Diego in 1969, Texas in 1978, Arizona in 1998, Colorado in 2000, and Florida in 2002. In June 2015, Standard Pacific Homes and Ryland Homes announced a merger. In 2016, the company invested $1.6 billion in land acquisition and development. In 2016, Builder Magazine named CalAtlantic its builder of the year. In May 2016, the company announced a development in Colorado that catered to both older and younger buyers. In August 2016, the company announced plans to develop 250 homes near Charlotte, North Carolina. In November 2016, the company announced a development in Colorado. In January 2017, the company opened 2 subdivisions in the Chicago area. In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market. In July 2017, the company paid $10.94 million for a property in Miami-Dade County, Florida that was approved for 220 homes. In February 2018, the company was acquired by Lennar Corporation and Lennar became the largest homebuilder in the United States.
