Press release from Business Wire
Ryland Named the Fastest Growing Public Builder in 2012 by BUILDER Magazine
Wednesday, May 15, 2013
Ryland Named the Fastest Growing Public Builder in 2012 by BUILDER Magazine18:46 EDT Wednesday, May 15, 2013
WESTLAKE VILLAGE, Calif. (Business Wire) -- The Ryland Group, Inc. (NYSE: RYL), was named the fastest growing publicly traded homebuilder in the United States for 2012 at the BUILDER 100 Awards ceremony held in Scottsdale, AZ. Ryland closed 4,809 homes in 2012, representing a 41% increase over 2011. “We are extremely proud of our designation as the fastest growing public builder in 2012,” said Ryland CEO Larry Nicholson. “Equally important, we achieved this growth while significantly improving the profitability of our organization.”
Ryland's dynamic growth in 2012 was driven by a combination of organic reinvestment in existing operations and the acquisition of two builders – Trend Homes in Phoenix and Timberstone Homes in Charlotte and Raleigh. The momentum Ryland generated in 2012 continued into the first quarter of 2013, as the company posted an increase in closings of 60% over the first quarter of 2012.
Headquartered in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 300,000 homes and financed more than 250,000 mortgages. The Company currently operates in 14 states across the country and is listed on the New York Stock Exchange under the symbol “RYL.” For more information, please visit www.ryland.com.
The Ryland Group, Inc.
VP, Investor Relations and Corporate Communications