April 27, 2007 |
Home builders including KB Home and Ryland Group rallied Thursday after Meritage Homes Corp. said the housing market might be improving. A Standard & Poor's measure of home construction companies rose 4%, the biggest gain since January. It is down 22% over the last year. Meritage jumped 13%, its biggest gain since 2001. Meritage Chief Executive Steven Hilton said in a statement late Wednesday that "we are encouraged by some early signs of stabilization."
October 21, 2004 |
Ryland Group Inc., one of the nation's biggest home builders, reported a 31% increase in third-quarter profit Wednesday. The Calabasas company also announced a 2-for-1 stock split and raised its quarterly dividend 20%. Ryland said it earned $83 million, or $3.32 a share, in the three months ended Sept. 30, up from $63.3 million, or $2.40, a year earlier. Analysts, on average, were expecting profit of $3.29 a share. Revenue rose to $1.03 billion, up 19% from a year earlier.
March 4, 2005 |
Colorado insurance regulators said several large home builders, including Los Angeles-based KB Home and Newport Beach-based William Lyon Homes, guaranteed business to Santa Ana-based First American Title Insurance Co. in exchange for kickbacks. The builders' names were disclosed to the state by First American Title as part of a state investigation, Erin Toll, Colorado deputy insurance commissioner, told the Denver Post in a story published Thursday.
April 13, 2007 |
Home builder Ryland Group Inc. said Thursday that two top executives were leaving the company, including one whose promotion was announced last fall. The company gave no reason for the departures of Chief Operating Officer Kip Scott and Mark Beisswanger, president of the company's West region. Scott was promoted in October to the newly created post of chief operating officer.
June 20, 2013 |
Housing-related stocks took a tumble in Thursday trading, one day after the Federal Reserve signaled it may pull back this year on its massive stimulus program designed to drive down interest rates. The PHLX Housing Sector Index fell 5.24% as home builders took a beating on Wall Street. Some leading housing stocks declined more. The Ryland Group was down 10.12% to $38.65 a share, while PulteGroup Inc. fell 9.1% to $18.87 a share. Low mortgage rates -- coupled with extremely low inventory and an improving economy -- have helped the housing market recover, sending home prices upward and causing home builders to ramp up construction.
August 16, 1991 |
Brock Homes said Thursday it bought 11.5 acres from the Mission Viejo Co. in its big planned community of Aliso Viejo for an undisclosed price. The company says it will build about 41 relatively inexpensive duplexes inside the gated neighborhood. The site is on a hilltop off Moulton Parkway at the northwest corner of Laguna Hills Drive and Cedarbrook. The deal is unusual in that relatively few land purchases have been made in the county in the last few years.
January 22, 2004 |
Ryland Group Inc. on Wednesday reported a 28% increase in fourth-quarter profit, to $86.1 million, and a 24% increase in the company's order backlog. The fourth-quarter earnings amounted to $3.29 a share, beating analysts' estimates by 40 cents. Revenue rose 15% to more than $1 billion. Calabasas-based Ryland reported a year-end backlog of home orders totaling $1.5 billion, representing contracts to build 5,841 homes. In the year-earlier period, the company earned $67.5 million, or $2.
March 20, 2007 |
Ryland Group Inc., a home builder for first-time buyers, paid Chief Executive R. Chad Dreier $31.4 million in 2006 as the stock fell 24%, its biggest decline in more than a decade. Dreier's compensation included a salary of $1 million, stock awards worth $5.14 million and $3.6 million in pension benefits, the Calabasas-based company said Monday in a regulatory filing. Dreier also received $7 million for items that included payments to cover taxes on his restricted stock grants.