Ryland Homes, Inc. (RYL - Snapshot Report) recently announced that it will open a new community of luxury single-family homes at Hidden Creek, Cypress, TX. Ryland is expected to start constructing the first Bradford model home in mid-August. The homes, priced between $290’s and $350’s, will be open for sale in late summer 2014.
The Hidden Creek homes will offer eight floor plans, a gourmet kitchen and a media room that will open into the family rooms and covered patios. Home buyers can also customize the design to suit their needs.
The Hidden Creek is community located in Bridgeland — the 2013 Greater Houston Builders Association Master Planned Community of the Year. It is in close proximity to Pope Elementary, Smith Middle and Cy-Ranch High Schools — some of the popular schools of Harris County School District.
The community will also havea Lakeland Village Park spread over 20 acres. This park will have a fenced-in dog park, a skate park, playgrounds and splash pad, walking trails and basketball and tennis courts among other such facilities. The construction of the park will begin soon. The community will also offer a panoramic view of the adjacent Kite Hill and Josey Lake as well as an open play area.
In recent times, the U.S. housing sector has improved significantly. In fact, in a recent Gallup survey, Americans voted housing as the best long-term investment option — first time in four years — beating stocks, bonds, CDs/savings and even gold.
Accelerating job growth, an improving economy and unlocking pent-up demand are boosting the demand for new homes in spite prices hitting a record high in the early months of 2014. In order to capitalize on the high demand in the spring selling season, homebuilders like Ryland Group, Lennar Corp. (LEN - Analyst Report), NVR Inc. (NVR - Snapshot Report) and PulteGroup Inc. (PHM - Analyst Report) are investing heavily to build new homes and boost top line.
Ryland Homes carries a Zacks Rank #4 (Sell).