- Ryland Homes
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The Ryland Group, Inc. 
Type Public (NYSE: RYL) Industry Homebuilding Founded 1967 Headquarters Calabasas, California, USA Key people Larry Nicholson (CEO) Products Construction, Real estate, Homebuilding, Financial services Revenue $1.2 Billion USD(2009) Employees 1,200 [1] Website www.ryland.com Ryland Homes is the United States' 9th-largest developer and home-builder. The builder, based in Calabasas, California, has built over 285,000 homes across the United States since its inception, focusing primarily on first-time homebuyers and first- and second-time moveup buyers.[2][3] Ryland currently serves 19 markets in 15 states and the District of Columbia.[4]
In addition to its homebuilding segment, Ryland's other main business unit is Ryland Mortgage Company, which specializes in financial services such as consumer mortgages, homeowner's insurance, title, and escrow services.[3][5]
Contents
History
James P. Ryan left Pittsburgh, Pennsylvania-based Ryan Homes in 1967 to form the James P. Ryan Company, and the new company became the first and largest builder in the planned community of Columbia, Maryland. Subsequent developments were launched in Baltimore, Reston, and Houston during the 1960s.[6]
In 1970, Ryan noticed a "Maryland" sign with the initial "M" and "A" covered, and shortly thereafter the company changed its legal name to The Ryland Group, Inc. Ryland made its initial public offering in 1971 Ryland had continued its national expansion during the 1970s, and by 1977 had reached the 10,000-home milestone by expanding into Georgia, Pennsylvania and Delaware, while deepening its market penetration in Texas and Virginia.
Ryland acquired Cincinnati, Ohio-based Crest Communities in 1978, a company led by James Ryan's younger brother William Ryan.
See also
- www.ryland.com
External links
References
Categories:- Companies listed on the New York Stock Exchange
- Columbia, Maryland
- Construction and civil engineering companies of the United States
- Companies based in Los Angeles County, California
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