Ryland Homes
 |
|
| Public | |
| Traded as | : RYL |
| Industry | Homebuilding |
| Founded | 1967 |
| Headquarters | Westlake Village, California, United States |
|
Key people
|
Larry Nicholson (President and CEO) |
| Products | Home construction, real estate, financial services |
| Revenue | $2.6 billion USD(2014) |
|
Number of employees
|
1,400 |
| Website | www |
Ryland Homes is the United States' 5th-largest new homebuilder (2013) ranked by Builder magazine and developer. The builder, based in Westlake Village, California, has built over 315,000 homes across the United States since its inception, focusing primarily on first-time homebuyers and first- and second-time moveup buyers. Ryland currently builds in 17 states and the District of Columbia.
In addition to its homebuilding segment, Ryland's other business unit is RMC Mortgage Corp. which specializes in financial services such as consumer mortgages, title, and escrow services.
In June 2015, Ryland Homes and Standard Pacific Homes announced the companies were merging. The combined company is expected to be the nation's fourth largest home builder.
James P. Ryan left Pittsburgh, Pennsylvania-based Ryan Homes in 1967 to form the James P. Ryan Company, and the new company became the first and largest builder in the planned community of Columbia, Maryland. Subsequent construction in HUD Title VII developments were launched in Baltimore, Reston, and Houston during the 1960s.
In 1970, Ryan noticed a "Maryland" sign with the initial "M" and "A" covered, and shortly thereafter the company changed its legal name to The Ryland Group, Inc. Ryland made its initial public offering in 1971 and continued its national expansion during the 1970s. By 1977 it had reached the 10,000-home milestone by expanding into Georgia, Pennsylvania and Delaware, while deepening its market penetration in Texas and Virginia.
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Wikipedia