October 29, 1992
Ryland's third quarter was buoyed by the growing strength of its mortgage business, said Nancy Smith, a company spokeswoman."Growth of the mortgage company was stimulated by a higher level of refinancing," Ms. Smith said. Refinancing activity has been strong throughout the first three quarters.In terms of its homebuilding business, the core of the company, Ryland continues to face problems, Ms. Smith said, especially in California.Three months ended 9/30/92.. ..........Revenue. ......... Net..
May 1, 1992
Primarily because of a strong performance by its mortgage company, Ryland Group Inc. reported yesterday that earnings for the first quarter rose to $2.6 million, in contrast to a loss of $4.4 million in the same period last year.But an analyst who tracks Ryland, the Columbia-based homebuilding and mortgage finance company, cautioned that the company can expect only slow improvement in the housing market.Michael Mead, an analyst at Legg Mason Wood Walker in Baltimore, contends that the aging of the baby-boom generation will keep a partial brake on housing demand, since there will be relatively fewer young people seeking first homes.