Danville, Calif. — The Ryness Company, one of the nation’s leading full-service sales and marketing organizations for new homebuilders and developers, has announced it has emerged from Chapter 11 bankruptcy, less than nine months after its bankruptcy filing in the U.S. Bankruptcy Court, Northern District of California.
“The Ryness Company recognizes and appreciates the support of all those who’ve weathered this process with us,” said Gary Ryness, who established the firm in 1975 and serves as its Chairman. “We are pleased that our company is now able to focus on the future which offers us the opportunity to continue to provide our homebuilding and development clients with outstanding service, data and sales solutions.”
The Ryness Company continues to have solid brand recognition within the core markets that it operates in. Gary Ryness has long been seen as one of the homebuilding industry’s sales and marketing experts. He is a member of the California Building Industry Hall of Fame and has served as an advisory board member for the University of Southern California’s Lusk Center for Real Estate.
“I believe the last several years has been a historic, extraordinarily challenging time for home builders, developers, their related trade partners and vendors, as well as consumers,” continued Ryness, whose company is based in Danville, CA. “As a California-centric company, we’re confident in a brighter future for homebuilding and land development- there is record low inventory of new homes, key markets are seeing rising prices and there is an increased level of land acquisition activity as builders position themselves for the long-term. For consumers, interest rates continue at near record lows and the affordability index is in very positive territory.”
The Ryness Company has been at the forefront of some of the nation’s fastest growing new home markets for nearly 35 years, working with clients in the planning, design, sales and marketing of over 175,000 homes in over 2,000 new home communities throughout the western United States. The company provides strategic data, advice and counsel in such areas as land acquisition, market research and sales and marketing management.
The company also publishes the weekly Ryness Report, providing the homebuilding community with a comparison of sales activity between various regions and markets, including year-to-date totals from the same week of the previous year.
For more information, visit
www.ryness.com .
