Ryland Group (NYSE: RYL)
Headquarters: Calabasas, CA
CEO: R.
Chad Dreier
Employees*: 3,200
Home Types: First-time, Move-up,
Empty Nester
Average price: $278,000
Year end: December 31 |
Founded in 1967, Ryland has built more than 250,000 homes and financed more than 210,000 mortgages in its 38-year history. The company operates in 28 markets across 17 states and sold 17,517 homes in 2005. It primarily serves first-time and move-up homebuyers, with homes ranging in price from $92,000 to more than $600,000. Ryland also provides its homebuyers with a wide range of personalized services, including mortgage financing, title and homeowners’ insurance, and interior design centers
Ryland’s strategy focuses on steady, organic growth, instead of expanding through acquisitions. It achieves growth by increasing market share in existing markets and entering new ones. In the past three years, Ryland has opened profitable new divisions in Las Vegas, California’s Inland Empire and Central Valley, Sacramento, Fort Myers and Jacksonville, Florida.
In 2005, Ryland marked its seventh consecutive year of record
earnings, revenues, new orders, closings, backlog and earnings
per share. For the year ended December 31, 2005, the company
recorded consolidated net earnings of $447.1 million on revenue
of $4.8 billion. At the end of 2005, it had a
record backlog of 8,464 outstanding contracts totaling $2.6 billion.
For more information, click here to visit Ryland's Web site.
For more information, click
here to visit Ryland's Web site.
* Employee count at December 31, 2005. |
