Standard Pacific Homes gets in on farm-to-table community
Standard Pacific Homes has joined the homebuilding team for The Cannery, a first-of-its-kind farm-to-table community in Davis, California.
Standard Pacific Homes will build residences within the Beech neighborhood, which range from 1,710 to 2,674 sq. ft. and span up to four bedrooms. Beech is slated to open in 2016.
Other homebuilders working on the project include NEW HOME and Shea Homes.
“We could not be more pleased by the addition of Standard Pacific Homes to our team of builders at The Cannery,” said Kevin Carson, president Northern California for NEW HOME. “We’ve been very thorough in our approach to selecting our partners for The Cannery. Today we can say with confidence that we have some of the finest companies in the business to help us deliver on our vision of creating a community unlike any other in the West.”
The Cannery, a project of The New Home Company, features various community amenities, such as a retail hub, a recreational center, an amphitheatre and an urban farm, bike trails, bicycle storage alcoves in every garage, an outdoor gathering space and energy-efficient features.
“We are delighted to partner with The New Home Company to be a part of The Cannery which represents a milestone in the evolution of Davis,” said Jon Nicholson, Sacramento division president for Standard Pacific Homes. “The community’s refreshingly diverse architecture and thoughtful vision for community design create a unique lifestyle choice for Northern California home shoppers.”
The Cannery's first four neighborhoods are gearing up for an August Grand Opening.
Unemployment rate declines in June
The unemployment rate declined to 5.3% in June from 5.5% in May. The number of unemployed persons declined by 375,000 to 8.3 million.
The number of long-term unemployed (for 27 weeks or more) declined by 381,000 to 2.1 million in June, which accounted for 25.8% of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 955,000.
The civilian labor force declined by 432,000 in June. The labor force participation rate declined by 0.3 percentage point to 62.6% in June.
Employment in professional and business services increased by 64,000 in June.
Employment in retail trade increased by 33,000 in June and has risen by 300,000 over the year.
Employment in other major industries, including construction, manufacturing, wholesale trade, information and government, showed little or no change over the month.
Sears Canada also gets a leadership change
In step with a CEO shift at Sears Hometown & Outlet Stores, Sears Canada also announced movement in its leadership ranks.
Current president and CEO Ronald Boire will be resigning at the end of the summer to pursue an opportunity in the United States. In the meantime, chairman Brandon Stranzl is stepping in as executive chairman during the transition, effective immediately.
"I am enthusiastic about the opportunity to play an expanded role within our organization, and I am committed to working closely with all our Sears associates and business partners to make progress on our goals to delight our customers and return Sears Canada to profitability," said Stranzl. "We are grateful for Ron's support as we search for and welcome a new CEO. In the meantime, the management team and I are fully engaged in executing the current strategy, designed to improve our retail operations so we can best serve Canadian communities from coast-to-coast."
Sears Canada's board of directors will soon begin its search for a new president and CEO.