With the housing market gaining momentum, most homebuilding
companies are investing in building more homes to meet the
The Ryland Group Inc.
) is also aggressively investing in land and development in order
to build more homes. Recently, it unveiled single-family
homesites at The Boulders in Fishers, IN.
Priced at $280,000 and upwards, the homes, part of Ryland's
Estate Collection, are two storied, including up to five bedrooms
and 5½ baths, with 3-car side entry garages or 2-car courtyard
garages. The community will offer recreational opportunities like
multiple golf courses and many shopping, dining and entertainment
In second quarter of fiscal 2013, RYL spent $176 million on
land acquisitions and $62 million on site development during the
quarter. Ryland Group posted second quarter of 2013 results where
in it reported adjusted net earnings of 80 cents per share
surpassing the Zacks Consensus Estimate of 64 cents by 25% and
the year-ago earnings of 14 cents by a considerable margin. The
earnings upsurge was driven by top-line growth and margin
Total revenue though lagged the Zacks Consensus Estimate by
1.0%, it climbed 67.8% year over year, driven by better pricing
power and volume growth owing to improved market conditions.
Ryland Group carries a Zacks Rank #3 (Hold). Other stocks in
the construction sector that are performing well and deserve a
Boise Cascade Co.
Meritage Homes Corp.
). While Boise Cascade has a Zacks Rank #1 (Strong Buy), Meritage
Homes and Rayonier carry a Zacks Rank #2 (Buy).
BOISE CASCADE (BCC): Free Stock Analysis
MERITAGE HOMES (MTH): Free Stock Analysis
RYLAND GRP INC (RYL): Free Stock Analysis
RAYONIER INC (RYN): Free Stock Analysis
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