Ryan Homes on track to construct hundreds of homes

Ryan Homes on track to construct hundreds of homes A builder of lower-cost homes in the Dayton area is on pace to build hundreds of houses here this year and next, upending the notion that there's little demand for new homes in the existing market. About 160 homes are constructed or under contract at Carriage Trails. "However, current economic conditions and the continued downturn of the homebuilding industry have exerted pressure on our developers' ability to obtain acquisition and development financing or to increase equity investments to finance land development activity, potentially constraining our supply of finished lots,"NVR said in the report. Ryan homes is one of the main builders in Carriage Trails, Villages of Winding Creek in Clearcreek Twp. Builders apply for permits when they're near to starting construction of a house. There are few homebuilders which are presently seeing as much success as Ryan, said Brane and Wimsatt, adding that Fairborn's proximity to Wright-Patterson Air Force Base, highways and retail is attracting a lot of attention from Ryan and other home builders. Last year 1,210 residential building permits were issued for single family homes in Darke, Greene, Montgomery, Preble and portions of Miami and Warren Counties, according to the builders group. The continued success of Ryan Homes depends on its ability to control an adequate supply of finished lots to build on and developers' ability to timely deliver finished lots to meet customer demand, according to the 2011 annual report of Ryan's parent company, NVR Inc. Ryan has been able to maintain that level of construction because it builds low-cost, single-family homes which are in high demand. Local families can buy a new home from Ryan for about the same cost of an existing house as home prices in the area are still depressed, said Donna Cook, executive director of Home Builders Association of Miami County. Nearly 145 permits were already issued to the property as of April, Palmer said. Houses at Waterford Landing are "clearly selling very fast," said Keith Brane, city planner, and Chris Wimsatt, community development director, of Fairborn. Home prices in the region averaged $123,000 in April, according to the Dayton Area Board of Realtors. The lots under option by Ryan are in Huber Heights, Springboro, Centerville, Fairborn, Beavercreek and Riverside, and are along with houses the company already has under construction throughout the area. About 300 homes a year is consistent for the company, said Walt Hibner, executive director of the Dayton builders group. Ryan Homes on track to construct hundreds of homes Trade News selected by Local Linkup on 10/06/2012