Ryland Makes Most of the Real Estate Boom
In recent times, the U.S. housing sector has witnessed a resurgence. In a recent survey conducted by Gallup, Americans voted housing as the best long-term investment option — the first time in four years — beating stocks, bonds, CDs/savings and gold.
Accelerating job growth, an improving economy and unlocking pent-up demand are boosting the demand for new homes in spite of skyrocketing prices which hit record highs in the early months of 2014. In order to cater to the high demand for homes in the spring selling season, Ryland Group Inc. (RYL) is investing heavily in building new homes.
Recently, Ryland unveiled a community of 50 townhomes in Mercer Court in Fairless Hills, PA. These city-inspired townhomes are priced from $270’s onward.
The 3-level townhomes offer a storage space in the lower level which can be converted into an additional recreation room. The homes feature open floorplans, gourmet kitchens with center islands connecting the adjoining dining area on the ground level. The owners suite, located upstairs features dual vanities and a walk-in closet. The homes accommodate three bedrooms, 2½ bathrooms and a 1- to 2-car garage.
The Mercer Court community promises a convenient lifestyle in the Pennsbury School District. Additionally, the community is well connected with Philadelphia, New Jersey and Delaware. The townhomes also boast popular shopping, dining and entertainment destinations nearby.
Earlier this month, Ryland Group introduced a luxury community of townhomes called Crown in Gaithersburg, MD. The company has also started construction of a community of townhomes and luxury single family homes at Brick Yard Station in Laurel, MD.
Ryland Group is one of the largest homebuilders in the U.S., with operations in 14 states. Like other homebuilders such as Lennar Corporation (LEN) and PulteGroup Inc. (PHM) Ryland has been gaining momentum from the strong housing recovery in the U.S.
Currently, Ryland Homes carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
A stock worth considering in the homebuilding sector is TRI Pointe Homes, Inc. (TPH) carrying a Zacks Rank #2 (Buy).
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Read the Full Research Report on PHM
Read the Full Research Report on LEN
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