The Ryland Group Inc.
) has unveiled its new series of single family model homes in
Mission Viejo. The new community, Sendero, is going to be brought
up on the new ranch community of Rancho Mission Viejo
The community houses 940 attached and detached homes. It
includes about 285 single-level homes within the gated 55+
enclave of Gavilan and nearly 290 apartment units. The locality
also provides a neighborhood clubhouse, numerous neighborhood
parks, the vegetable and fruit gardens of Sendero Farm and access
to portions of The Reserve and a network of County Regional
The homes cover a floor space of 2,310 to 2,625 square feet
and include four bedrooms, 2½ baths and two-car garages. Each has
a covered outdoor entertaining area where dwellers can enjoy the
surrounding natural beauty.
The rising demand for new homes has led to a favorable
situation in the housing market, where inventory levels are
dropping and prices are moving up. The demand is particularly
high for luxury homes. Therefore, adequate product introduction
is necessary in order to meet the growing demand.
We are hopeful about Ryland's initiative to constantly
introduce new products. With frequent introduction of products,
the company will be able to capitalize on the improving housing
California-based homebuilder, Ryland recently finalized the
acquisition of the assets of LionsGate Homes in Dallas, Texas.
Ryland's acquisition of LionsGate Homes will allow it to gain
control over the Fort Worth market, where LionsGate Homes
currently operates 17 active communities. In addition, the
acquisition will provide Ryland with approximately 843 lots and
homes for future sales and 146 homes, which have already been
In the recently reported first-quarter 2013, Ryland posted
earnings of 43 cents per share compared to the year-ago loss of 7
cents. Ryland's revenues in the quarter surged 73.6% year over
year on the back of increase in homebuilding revenues. The
company's new orders also increased in double-digits.
Currently, shares of Ryland carry a Zacks Rank #1 (Strong
Buy). Other stocks in the homebuilding sector that are worth
Meritage Homes Corp
D. R. Horton Inc.
MDC Holdings Inc
). While Meritage and D.R. Horton hold a Zacks Rank #1 (Strong
Buy), MDC carries a Zacks Rank #2 (Buy)
D R HORTON INC (DHI): Free Stock Analysis
MDC HLDGS (MDC): Free Stock Analysis Report
MERITAGE HOMES (MTH): Free Stock Analysis
RYLAND GRP INC (RYL): Free Stock Analysis
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