Market Overview

Ryland Group Announces its July Orders Came in at 564

The Ryland Group (NYSE: RYL), announced today that orders for the first two months of the third quarter of 2012 were up 62% compared to the same two months of 2011. The Company garnered 564 orders in July and 416 in August, compared to 324 orders in July of 2011 and 280 in August of 2011. The Company's recent acquisition of Timberstone Homes added 141 orders to its July 2012 results. All order numbers are net of cancellations.

This information should not be considered indicative of results for the full quarter. While new orders are one of the many drivers of homebuilding revenues, there are many other factors that impact the Company's results and this information should not be construed as an indication of homebuilding revenues, or of any other component of the Company's revenues or expenses, for any period.

Posted-In: News Guidance

 

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