Recently, Ryland Group Inc. (RYL) unveiled a model home namely The Augustine in a new community called Marketplace Commons in Cumming, GA. Marketplace Commons homes are priced from $290,000s.
The two-story Augustine homes accommodate five bedrooms, four bathrooms and a two-car garage. The homes offer ample living space, a kitchen with a large chef’s island, a dining area, a large master suite with a walk-in closet, and a bath with dual vanity, tub and shower. The Augustine homes offer energy efficient features as well and will help homeowners to save on their utility bills.
Located in Forsyth County School District, Marketplace Commons offers easy access to three reputed schools.
The housing market recovered at a steady pace in the second half of 2014 after a slump at the beginning, thanks to overall economic growth, improving job numbers, growing consumer confidence, moderating home prices, stabilizing mortgage rates and a low level of housing inventory.
Though housing starts and permits declined in the month of November, the broader housing trends remained stable to slightly positive. Despite soft housing starts in November, analysts in general believe that the underlying housing conditions remain stable and will pick up momentum in 2015.
Most homebuilders are opening new home communities in order to meet the increase in demand. Last week, the company introduced another new community called Northern Terrace Brookline at Providence, Las Vegas, NV. Northern Terrace Brookline Homes are priced from $240s.
Earlier this week, the homebuilding company unveiled five new communities in Austin. Frequent opening of communities will increase the company’s community count and thereby will position it well to meet the expected increase in housing demand in 2015.
Ryland Homes currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Better-ranked stocks in the building/construction industry worth considering include Headwaters Incorporated (HW), MDC Holdings Inc. (MDC) and TRI Pointe Homes, Inc. (TPH). While Headwaters Incorporated sports a Zacks Rank #1 (Strong Buy), MDC Holdings and TRI Pointe Homes hold a Zacks Rank #2 (Buy).
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