EXHIBIT 99.1

                               NEWMARK HOMES CORP.
                  ANNOUNCES SIGNING OF STOCK PURCHASE AGREEMENT
                 FOR DISPOSITION OF WESTBROOKE ACQUISITION CORP.


FOR IMMEDIATE RELEASE:     APRIL 8, 2002


         Sugar Land, Texas--Newmark Homes Corp. (Nasdaq: NHCH) today announced
that it has entered into a definitive agreement to sell Westbrooke Acquisition
Corp. to Standard Pacific Corp. for approximately $41,000,000 in cash, subject
to adjustments for changes in stockholder equity from December 31, 2001 through
the closing date, and the assumption of approximately $54,000,000 of
Westbrooke's liabilities.

         The Company believes that the consummation of the sale of Westbrooke
will allow Newmark the opportunity to reinvest and focus its capital resources
into its core markets. The Company further believes the sale of Westbrooke will
allow Newmark to explore growth opportunities in other aggressive and emerging
markets.

About Newmark Homes Corp.:

         Newmark Homes Corp. designs, builds, and sells single-family homes,
town-homes, and patio homes in 7 major markets in Texas, Florida (pending the
sale of its Westbrooke operations), and Tennessee. On December 31, 2001, Newmark
operated in 67 communities and has 725 homes under construction. Newmark's
home-building operation offers a broader selection of homes with more amenities
and greater design flexibility than are typically offered by high-volume
production builders.

         Further information may be found at http://www.newmarkhomes.com.

         This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Actual results could differ materially from
those projected in the forward-looking statements as a result of known and
unknown risks and uncertainties including, but not limited to: increases in
interest rates; business conditions; growth in the home-building industry;
investment real estate; the economy in general; competitive factors; the cost of
building materials; and the risk factors detailed in the Company's Registration
Statement on Form S-1(SEC File No. 333-4221), and all other factors set for the
in the Company's most recent Form 10-K and Form 10-Q.