Recently, Ryland Group Inc. (RYL) unveiled a new community called The Meadows in Castle Rock, CO.
Homebuyers at The Meadows can choose their floor plans from two designer collections, Patio Villas and Reflections Patio Homes. The Patio Villas collection offers six ranch style floor plans, which accommodate ample living place, 2 bedrooms, 2 bathrooms and a 2-car garage. Homes built as part of the Patio Villas collection are priced from $360’s.
On the other hand, the Reflections Patio Homes collection offers larger ranch style floor plans, which accommodate 2 bedrooms, 2.5 bathrooms and a 2- car garage with optional finished basement. Homes built under the Reflections Patio collection are priced from $410’s.
The residents will enjoy easy access to The Grange Cultural Arts Center, parks, trails and other entertainment options. The Meadows is located under the reputed Douglas County School District.
Meanwhile, Homes in The Meadows will also feature Ryland’s HouseWorks program. This program reduces utility bills and protects environment through the use of low-E window, energy star appliances and less volatile organic compounds paint among others.
Homebuilders are having a good time as the housing recovery is well on track in the latter half of the year. Though housing starts declined in October, building permits and sales of existing homes were up, implying improving housing demand in the upcoming quarters.
Given the scenario, Ryland has been making continuous efforts to open new communities and meet customers’ demand. Earlier this week, the company unveiled a new community called Parkside in Upper Marlboro, MD. Prices of these single family homes start from $400s and the prices of townhomes start from $300s.
Ryland Homes currently carries a Zacks Rank #3 (Hold).
Other Stock to Consider
Some better-ranked stocks in the building sector worth considering include Hovnanian Enterprises Inc. (HOV), CaesarStone Sdot-Yam Ltd. (CSTE) and NVR, Inc. (NVR). While Hovnanian Enterprises and CaesarStone Sdot-Yam sport a Zacks Rank #1 (Strong Buy), NVR carries a Zacks Rank #2 (Buy).
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