EXHIBIT 12.1

The Ryland Group, Inc.
Statements RE Computation of Ratios of Earnings to Fixed Charges
For the Six Months Ended June 30, 2001 and
The Years Ended December 31, 2000, 1999, 1998, 1997, and 1996

																Six Months
																Ended
	1996			1997			1998			1999			2000			6/30/01
Consolidated pretax income from continuing operations		26,397			36,470			75,158			109,336			134,840			82,580
Share of distributed income of 50%-or-less-owned affiliates net of equity pickup		539			1,334			2,602			(263	)		(163	)		(31	)
Amortization of capitalized interest		17,035			21,581			20,645			19,027			27,581			14,360
Interest		90,529			74,950			63,410			52,764			62,610			28,375
Less interest capitalized during the period		(16,975	)		(17,636	)		(18,601	)		(24,397	)		(34,105	)		(16,441	)
Net amortization of debt discount and premium and issuance expense		243			84			36			33			—			—
Interest portion of rental expense		3,394			3,541			4,709			4,522			6,065			3,597
EARNINGS		121,162			120,324			147,959			161,022			196,828			112,440
Interest		90,529			74,950			63,410			52,764			62,610			28,375
Net amortization of debt discount and premium and issuance expense		243			84			36			33			—			—
Interest portion of rental expense		3,394			3,541			4,709			4,522			6,065			3,597
FIXED CHARGES		94,166			78,575			68,155			57,319			68,675			31,972
Ratio of Earnings to Fixed Charges		1.29			1.53			2.17			2.81			2.87			3.52

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