STANDARD PACIFIC HOMES TO BUILD IN CHAPEL COVE ON LAKE WYLIE

CHARLOTTE, N.C. – December 15, 2010 – (RealEstateRama) — Signifying positive momentum in the Charlotte housing market, Crescent Resources, LLC announced that Standard Pacific Homes plans to purchase 33 homesites in Chapel Cove. Standard Pacific has acquired five homesites and is committed to purchasing an additional 28 homesites. This will establish a new section within the existing community