CALABASAS, Calif. (Hanley-Wood News Service) – The Ryland Group, Inc. (NYSE: RYL) today released preliminary unit net new orders for the month of November 2001 and the eleven months ended November 30, 2001. New orders for the month of November 2001 were 934, a 10.7 percent increase over the 844 orders reported for the month of November 2000.
New orders for the eleven months ended November 30, 2001, were 12,291, an 11.8 percent increase over the same period in 2000.
Additionally, the Company’s backlog increased to 5,482 outstanding contracts, representing an increase of 12.2 percent over the prior year.
NEW ORDERS (units):
For the month For the eleven months
ended November 30, ended November 30,
2001 2000 % Change 2001 2000 % Change
North 250 259 -3.5% 3,619 3,256 11.1%
South 526 409 28.6% 6,356 5,540 14.7%
West 158 176 -10.2% 2,316 2,201 5.2%
Total 934 844 10.7% 12,291 10,997 11.8%
With headquarters in Southern California, Ryland is one of the nation’s largest home builders and a leading mortgage-finance company. The Company currently operates in 21 markets across the country and has built more than 175,000 homes and financed over 155,000 mortgages since its founding in 1967.
