The Ryland Group announces that it has acquired the Phoenix operations and assets of Trend Homes. The Trend acquisition provides Ryland with an ongoing operation in Phoenix and approximately 910 additional lots and homes for future sales, as well as 106 homes currently sold and under construction for delivery. Trend Homes currently operates in seven active communities. All of Trend's employees are expected to join Ryland in conjunction with the acquisition and Reed Porter, Trend's president, will be Ryland's Phoenix division president.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?