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In 1970, Ryan noticed a "Maryland" sign with the initial "M" and "A" covered, and shortly thereafter the company changed its name to The Ryland Group, Inc. [3] In 1971, the company expanded to Atlanta and became a public company via an initial public offering , raising $4.6 million.
The company was formed in 1980 as NVHomes, Inc. (formerly North Virginia Homes Inc.) by Dwight Schar. [1] In 1986, the company acquired Ryan Homes, founded in 1948 in Pittsburgh, Pennsylvania, to provide housing in the expanding post-war economy. [5] In April 1992, as a result of the early 1990s recession, the company filed bankruptcy. [6]
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Maryland has the highest median household income in the nation for 2008 at $70,545, which is 36 percent above the national median and is home to two of the top 10 counties in the nation for median household income. Among counties with a population of 20,000 or more, Howard County ranks third ($101,710) and Montgomery County 10th ($93,999). [37]
Ryan Companies US, Inc. (or Ryan or Ryan Companies) is a national [2] builder, developer, designer, and real estate manager based in Minneapolis, Minnesota. With in-house construction, design, development, capital markets and real estate management, Ryan uses integrated project delivery (IPD) as a preferred method for and delivering design and construction projects and organizing project teams.
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