Though interest rates have started increasing lately, they are
still below historical levels and housing is still affordable.
Thus, high affordability levels, increased rentals and
historically-low interest rates are driving the housing recovery.
In addition, accelerating job growth and increasing consumer
confidence are also boosting the demand for new homes.
Recent data from the U.S. Department of Housing and Urban
Development and the U.S. Census Bureau showed that sales of newly
built, single-family homes rose 9.6% in Jan 2014, which is the
strongest since July 2008. Sales growth was driven by the release
of pent up demand for new homes.
In order to cater to the increasing demand, most of the
homebuilding companies like
Ryland Homes, Inc.
) are investing heavily in building homes.
Ryland Homes recently unveiled new townhomes and apartments at
Acacia at Cypress Village, in Irvine, Calif. Home prices start
from $400's. Homebuyers can choose from four floor plans. These
homes feature 2 bedrooms, 2 and a half baths, porches, walk in
closets and a 2 car garage. The community comes under the Irvine
Unified School, District which includes Jeffrey Trail Middle
School and the upcoming Cypress Village Elementary School.
Located in the City of Irvine, Cypress Village offers various
dining, entertainment and employment options. Residents can also
spend time at the parks and recreational facilities.
Ryland Homes carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Investors interested in the homebuilding sector can also consider
William Lyon Homes
Taylor Morrison Home Corporation
). Both the companies sport a Zacks Rank #1 (Strong Buy).
KB HOME (KBH): Free Stock Analysis Report
RYLAND GRP INC (RYL): Free Stock Analysis
TAYLOR MORRISON (TMHC): Free Stock Analysis
WILLIAM LYON HM (WLH): Get Free Report
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