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.
February 26, 1989
Of the top 100 home builders in the United States in 1988, 32 are based in California, more than any other state, according to Professional Builder magazine. Texas, with 14 on the list, ranked second, while Florida was third, with 10. No other state is home to more than five of the most active builders, according to James Carper, the magazine's managing editor. Privately held Trammell Crow Residential Cos., Dallas, was the most active builder last year, with 12,932 starts. Ryland Group Inc.
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.
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.
May 6, 2003 |
Ryland Group Inc. said Monday that it had stopped selling homes in an Ohio subdivision after about 20 homeowners sued the Calabasas-based home builder over hazardous levels of lead found in the soil. Home sales were halted late last week at Lexington Manor, a 46-lot development near Cincinnati that was built on the site of a former shooting range. The home buyers contend that tests conducted on the site have detected lead in concentrations far in excess of federal and state safety standards.
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.