| Events in Our History |
2007 | Ryland celebrates its 40th anniversary and the construction of more than 275,000 homes since its founding in 1967. The company names Larry Nicholson Chief Operating Officer. |
Homes built: 10,319
Average price: $285,000
Average national mortgage rate: 6.34% |
2006 | Ryland advances to No. 444 on the Fortune 500 list and is named one of America's Most Admired Companies by Fortune magazine. The company expands into Myrtle Beach, S.C.. |
Homes built: 15,392
Average price: $295,000
Average national mortgage rate: 6.41% |
2005 | Ryland marks its seventh consecutive year of record-setting performance with $4.8 billion in revenue and net earnings of $447 million. |
Homes built: 16,673
Average price: $278,000
Average national mortgage rate: 5.87% |
2004 | Ryland enters the Fortune 500 list at number 481, and the company expands into Las Vegas. Ryland's stock tops $100 a share for the second time in just over two years, prompting a 2-for-1 stock split. The company also begins rebranding its design centers as My Style Design Centers. |  |
Homes built: 15,101
Average price: $251,000
Average national mortgage rate: 5.84% |
2003 | Ryland expands into Fort Myers and Jacksonville, Fla., and California's Inland Empire. |
Homes built: 14,724
Average price: $224,000
Average national mortgage rate: 5.83% |
2002 | Ryland expands into Charleston, S.C., Greensboro, N.C., and California's Central Valley. The company celebrates its 35th anniversary and the building of its 200,000th home by ringing the closing bell at the New York Stock Exchange. |  |
Homes built: 13,145
Average price: $210,000
Average national mortgage rate: 6.54% |
| 2001 | Homes built: 12,686
Average price: $208,000
Average national mortgage rate: 6.97% |
| 2000 | Ryland relocates its corporate headquarters from Columbia, Md., to Calabasas,
Calif. |
Homes built: 11,418
Average price: $194,000
Average national mortgage rate: 8.05% |
| 1999 | Homes built: 10,193
Average price: $190,000
Average national mortgage rate: 7.44% |
| 1998 | Ryland declares its turnaround under R. Chad Dreier complete with record homebuilding results and begins a trek toward further record-breaking years. The company expands into the growing Florida retirement market by purchasing Regency Communities. Ryland works with Oprah Winfrey's Angel Network and Newt Gingrich to build Habitat for Humanity homes in Atlanta and Phoenix. |
Homes built: 8,994
Average price: $185,000
Average national mortgage rate: 6.94% |
| 1997 | Ryland celebrates 30 years in business and the building of more than 145,000 homes. Ryland partners with J.D. Power and Associates to survey customers and use results to enhance customer satisfaction. |
Homes built: 8,377
Average price: $182,000
Average national mortgage rate: 7.6% |
| 1996 | Ryland launches its Web site at www.ryland.com. |
Homes built: 8,388
Average price: $174,000
Average national mortgage rate: 7.81% |
| 1995 | Ryland expands into Minneapolis. Bob Gaw, Ryland co-founder, retires from his role as president of Ryland Mortgage Company. Ryland begins its Management Training Program, intended to recruit and prepare underrepresented minorities in the homebuilding business for jobs in the industry. |  |
Homes built: 8,950
Average price: $164,000
Average national mortgage rate: 7.93% |
| 1994 | In recognition of R. Chad Dreier's strong leadership as president and CEO, Ryland's board of directors elects him chairman on December 21. Ryland expands into Greenville, S.C., and the Bay Area of Northern California. |
Homes built: 9,121
Average price: $160,000
Average national mortgage rate: 8.38% |
| 1993 | The board of directors elects R. Chad Dreier president and CEO. He immediately begins an aggressive turnaround strategy focused on upgrading the company's product, land and people. Ryland opens a new division in Chicago and expands its Central Texas operations to San Antonio.
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Homes built: 8,319
Average price: $148,400
Average national mortgage rate: 7.31% |
| 1992 | Ryland celebrates 25 years in business and the building of its 100,000th home. |
Homes built: 7,979
Average price: $141,000
Average national mortgage rate: 8.39% |
| 1991 | Ryland sells its modular homes business. |
Homes built: 6,611
Average price: $135,000
Average national mortgage rate: 9.25% |
| 1990 | Charles E. "Ted" Peck retires and is succeeded by Roger Schipke as chairman
and CEO. |
Homes built: 7,506
Average price: $124,000 |
| 1989 | Ryland launches Cornerstone Title Company (CTC), now called Ryland Title, to conduct real estate closing services in Maryland. Ryland introduces an employee stock ownership plan, which puts 10 percent of company ownership in the hands of employees. |  |
Homes built: 9,215
Average price: $116,300
Average national mortgage rate: 10.32%. |
| 1988 | Ryland Mortgage Company sponsors the public offering of a real estate investment trust and a closed-end bond fund, making it one of the pioneers in the development of the mortgage-securitization industry. |
Homes built: 9,354
Average price: $100,900
Average national mortgage rate: 10.34% |
| 1987 | Ryland celebrates 20 years in business and expands into San Diego, Riverside and San Bernadino, Calif., and Austin, Texas. |  |
Homes built: 9,465
Average price: $89,586
Average national mortgage rate: 10.21% |
| 1986 | Ryland acquires M.J. Brock and Sons of California and becomes the first homebuilder to have operations on both coasts. Ryland expands into Denver, Los Angeles, Orange County and Sacramento, Calif. |
Homes built: 8,346
Average price: $76,100
Average national mortgage rates: 10.19% |
| 1985 | Ryland builds its 50,000th home. |
Homes built: 6,382
Average price: $77,900
Average national mortgage rate: 12.43% |
| 1984 | Ryland expands into Tampa, Fla. |
Homes built: 5,383
Average price: $75,100
Average national mortgage rate: 13.88% |
| 1983 | Ryland's stock moves from the American Stock Exchange to the New York Stock Exchange under the symbol RYL. The company expands into the Phoenix market. |  |
Homes built: 5,491
Average price: $71,800
Average national mortgage rate: 13.24% |
| 1982 | James P. Ryan retires as chairman and CEO and is succeeded by Charles E. "Ted" Peck. |
Homes built: 2,772
Average price: $74,500
Average national mortgage rate: 16.04% |
| 1981 | Ryland expands into Orlando, Fla., and Raleigh, N.C. |
Homes built: 3,092
Average price: $74,700
Average national mortgage rate: 16.63% |
| 1980 | Ryland's stock begins trading on the American Stock Exchange under the symbol RYL. |
Homes built: 3,627
Average price: $68,500
Average national mortgage rates: 13.74% |
| 1979 | Homes built: 3,819
Average price: $64,300
Average national mortgage rate: 11.20% |
| 1978 | Ryland Mortgage Company is created after Ryland acquires Crest Financial Services. The acquisition also allows Ryland to enter Cincinnati, Dayton and Columbus, Ohio; Indianapolis, Ind.; and Louisville, Ky. |  |
Homes built: 3,977
Average price: $57,200
Average national mortgage rate: 9.64% |
| 1977 | Ryland celebrates the completion of 10,000 homes in 10 years and begins building in Richmond, Va. |
Homes built: 2,361
Average price: $49,400
Average national mortgage rates: 8.85% |
| 1976 | Ryland expands into Philadelphia and Wilmington, Del. |
Homes built: 1,999
Average price: $44,800
Average national mortgage rates: 8.87% |
| 1975 | Homes built: 1,374
Average price: $41,300
Average national mortgage rate: 9.05% |
| 1974 | Ryland enters the Dallas-Fort Worth market. |
Homes built: 1,311
Average price: $44,400
Average national mortgage rate: 9.19% |
| 1973 | Homes built: 1,481
Average price: $41,100
Average national mortgage rate: 8.04% |
| 1972 | Ryland expands into Houston. |
Homes built: 1,078
Average price: $38,800
Average national mortgage rate: 7.38% |
| 1971 | Ryland makes its first public stock offering, raising $4.6 million in equity and enabling the company to expand into Atlanta that same year.
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Homes built: 881
Average price: $36,000 |
| 1970 | The company changes its legal name to The Ryland Group, Inc. The new name was inspired by a "Maryland" sign that James P. Ryan saw which had the "M" and the "A" covered. |
Homes built: 485
Average price: $36,400 |
| 1969 | The company begins building in Houston, Texas. |
Homes built: 413
Average price: $30,700 |
| 1968 | The company expands into Baltimore and Reston, Va. |
Homes built: 220
Average price: $30,150 |
| 1967 | James P. Ryan leaves Ryan Homes to form the James P. Ryan Company, which is now named Ryland Homes. The company becomes the first builder in the nation's first master-planned community of Columbia, Md. |  |
Homes built: 48
Average price: $32,200 |