Ryland Group, Inc. (RYL) recently unveiled two new luxury home collections, The Estate Collection and The Americana Collection. Homebuyers can choose from prime home sites and two new collections of single family homes in Plainfield, Ind.
The Estate Collection at the Forest Creek community offers homebuyers up to 4 bedrooms, 3 ½ baths, basement, kitchen and a 3 car garage. The homes are priced from $270’s onward.
On the other hand, The Americana Collection at The Lakes at Sugar Grove community offers 2-level homes with up to 5 bedrooms, 3 baths and a large kitchen. These homes are priced from $190’s onwards.
Both the communities are located in Sugar Grove that comprises wooded areas, a swimming pool, ponds, sidewalks, a basketball court, and play grounds.
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), PulteGroup Inc. (PHM) and D.R. Horton, Inc. (DHI), Ryland has been gaining momentum from the strong recovery of the U.S. housing market.
With limited supply, low mortgage rates, and high rentals, there is an increase in demand for new homes. The rising demand for new homes 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, in Jun 2013, the company unveiled several new homes in Maryland, Atlanta and Austin. With frequent introduction of products, Ryland will be able to capitalize on the improving markets.
More From Zacks.com