Home Builders List

Ryland Homes is a national home builder based in Calabasas, California and builds homes in 14 states. Not only do they build homes, but they provide financing and other services to potential home buyers as well. They are listed at one of the top 10 national home builders in the country.

Ryland claims that they’ve built more than 285,000 thousand homes over the course of 30 years, starting with a master planned community in Maryland and growing from there. The name came about because the creator of the company saw a sign in Maryland with the M and A missing and liked the way the name looked.

Ryland has over 1,200 employees across its building area and has revenues of $1.2 billion in 2009. The present leadership includes CEO Larry Nicholson and president Yoshitsugu Motoda.

They have had a tough beginning to 2011. Home orders declined 17% in the first quarter of the year and their share price was down more than $19 million, nearly $5 million less than last year at the same time. Revenues dropped 30% from last year, although March started showing some signs of recovery. Yet they continue building new home communities, up to 218 from 177 at this time last year.

Ryland Homes is known for its customer service and its attention to detail, and they will work with potential home owners to try to give them what they want while also building communities with homes that are ready to move into.

Defective Chinese Drywall

Lennar Corp, one of Florida’s largest single-family home builders, recently disclosed that they have been named in a class action lawsuit involving defective Chinese drywall, according to Securities and Exchange Commission (SEC) filings on Monday.

The lawsuit was filed in the U.S. District Court for the Southern District of Florida. Two plaintiffs claim to have purchased new homes from Lennar with defective Chinese drywall, which apparently emits sulfur gases, fumes, and erodes air conditioning connectors.

Lennar Corp was one of the first large home builders to address the situation, and has been working with homeowners to replace the defective drywall. In Lennar’s SEC filings, the company has stated that a reserve fund account will be used to replace drywall imported from China and any additional costs will be covered by insurance.

Lennar is not the only builder to have been affected by the defective drywall. National builders and prominent Florida home builders have also constructed thousands of homes with Chinese drywall, including Meritage Homes, Standard Pacific, Ryland Homes, Transeastern, Taylor Morrison, and WCI.

Some analysts suggest that enough Chinese drywall was imported to construct over 100,000 homes. The states affected include Florida, Louisiana, Mississippi, and Virginia.

See more:

http://www.newhomessection.com/blog/chinese-drywall-suit-names-lennar-corp/2009/04/21/

http://www.justicenewsflash.com/2009/04/23/lawsuit-filed-south-florida-homebuilder-lennar-corporation_200904231163.html

http://www.heraldtribune.com/article/20090423/ARTICLE/904231089/-1/NEWSSITEMAP