Ryland Group, Inc. (RYL) recently unveiled its Carrington model floor plan in Cedar Park, an enclave neighborhood in Georgia. The Carrington model is one of the eight floor plans offered by Ryland in Cedar Park.
The Carrington model offers homebuyers 5 bedrooms with private baths, a basement, a gourmet kitchen with a walk in pantry, breakfast bar and breakfast nook and a 3 car garage. The master suite offers a sitting area, a large walk-in closet, two vanities and a garden tub. The homes are priced from $500’s onward.
Accelerating job growth and increasing consumer confidence are boosting demand for new homes. This has led to a favorable situation in the housing market, where inventory levels are dropping and prices are moving up. Therefore adequate product introduction is necessary in order to maintain the required level of inventory to meet the growing demand for homes.
In fact, the company has unveiled several communities over the past two months. In Dec 2013, the company unveiled new homes in Tampa, Fla, and begun construction of new homes in the community of Falls at Imperial Oaks, Houston. With frequent introduction of products, Ryland will be able to capitalize on the improving markets.
Ryland Group carries a Zacks Rank #5 (Strong Sell).
Other Stocks to Consider
Better ranked stocks, which are worth considering include William Lyon Homes (WLH), Gafisa S.A. (GFA) and CaesarStone Sdot-Yam Ltd. (CSTE). While CaesarStone Sdot-Yam and William Lyon Homes carry a Zacks Rank #1 (Strong Buy), Gafisa S.A. carries a Zacks Rank #2 (Buy).