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The Ryland Group Declares Second-Quarter Dividend

CALABASAS, Calif., April 27, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The board of directors of The Ryland Group, Inc. (NYSE: RYL), has declared a second-quarter dividend of $0.12 per share, payable on July 31, 2006, to common stockholders of record on July 15.

With headquarters in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. The company currently operates in 28 markets across the country and has built more than 250,000 homes and financed more than 215,000 mortgages since its founding in 1967. Ryland is a Fortune 500 company listed on the New York Stock Exchange under the symbol "RYL." Previous news releases may be obtained at www.ryland.com.

SOURCE The Ryland Group, Inc.

Investors, Drew Mackintosh, Director, Investor Relations, +1-818-223-7548, or Media,
Trent Freeman, Supervisor, Communications, +1-818-223-7615, both of The Ryland Group,
Inc.
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