Though interest rates have started increasing lately, they are still below historical levels and housing is still affordable. In addition, as the winter chill subsides, builders are preparing for the upcoming spring selling season. They are increasing their inventory of homes, anticipating a relatively strong spring buying season. In order to cater to the high demand for homes in the spring selling season, Ryland Group Inc. (RYL - Snapshot Report) is investing heavily in building new homes.
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Recently, Ryland unveiled a new model home called Prima, in the community of Eastlake at Gleannloch Farms, Houston. Prices of these homes range from $290’s to $380’s.
The two story model home accommodates 5 bedrooms, 3 and a half baths, a 2 story family room and a covered patio. The homeowners will get the option to include a wine cellar, a home theater with a bar, and an additional bedroom and a bathroom.
Homebuyers can choose from 9 floor plans, which can accommodate 3 to 5 bedrooms, media rooms with bar, and an open kitchen with a large island. The community includes biking and hiking trails, an activity center with swimming pool, tennis courts, golf club and outdoor living areas. The community has excellent schools under the Klein Independent School District.
Earlier this month, Ryland Group introduced a new luxury community of townhomes called Crown in Gaithersburg, MD. The company also started construction of a new community of townhomes and luxury single family homes at Brick Yard Station in Laurel, MD.
The luxury single family homes at Brick Yard Station offer Seneca floor plan along with a 2-car garage, a morning room and gourmet kitchen. The homes can also be designed according to the Millbrook floor plan depending upon the buyer’s preference, which includes an owner’s suite with dual walk-in closets, vanities, an enclosed water closet and a soaking tub and shower.
Ryland Group carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Some better-ranked homebuilding companies include William Lyon Homes (WLH - Snapshot Report), Taylor Morrison Home Corp. (TMHC - Snapshot Report) and NVR, Inc. (NVR - Snapshot Report). While William Lyon sports a Zacks Rank #1 (Strong Buy), NVR, Inc. and Taylor Morrison Home hold a Zacks Rank #2 (Buy).