Ryland Group Inc
) unveiled a new Wilmington Model at Madison community, Atlanta.
Home sizes range from 3,353 to 5,232 sq. ft. The new Wilmington
Model offers single-family homes with five bedrooms, four baths,
a three-car garage and two levels.
These have been built in accordance with the industry
standards for energy efficiencyand thus will enable homeowners to
save significantly on their utility bills. The price of homes
range from $345,500 to $506,500. The Madison community is located
in close proximity to shopping malls, recreation parks and
schools. It also has a swimming pool, the lake at Madison
community, two tennis courts and a playground.
The favorable situation in the housing market has resulted in
an increase in demand for new homes, where inventory levels are
dropping and prices are moving up. Ryland has been constantly
introducing new communities, thus capitalizing on the improving
In early June, Ryland acquired the assets of LionsGate Homes
in Dallas, Texas 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 sold. Financial terms of the deal were
This is Ryland's third acquisition in the past 11 months,
after the acquisition of the assets of Timberstone Homes in
Charlotte and Raleigh in Jul 2012 and Trend Homes in Phoenix in
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.
Ryland holds a Zacks Rank #1 (Strong Buy). Other stocks in the
homebuilding sector that are worth considering include
Meritage Homes Corp
D. R. Horton Inc.
MDC Holdings Inc
). While Meritage and D.R. Horton hold a Zacks Rank #1, 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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