Frisco ISD new home starts increase 47 percent

School District Strategies (SDS) released statistics from the second quarter, 2010 survey of new home activity in Frisco ISD (FISD).

Homebuilders in FISD started 558 homes in the second quarter of 2010 pushing the annual total to 1,982 starts. The annual total is 47 percent higher than the rate seen from the third quarter of 2008 to the second quarter of 2009 (1,349 starts).

Annual new home closings are down 5 percent compared to this time last year from 1,830 to 1,919 homes. Closings in second quarter of 2010 totaled 554, which is 47 percent higher than the 2009 second quarter total of 378.

“D.R. Horton and American Legend at Westridge have led the growth,” said Brent Alexander, director of demographic research for SDS. “The federal homebuyer tax credits that expired on April 30 created a sense of urgency and boosted sales for nearly all of the builders in the district. As a result, 633 more new homes were started over the past year than during the same 12?month period a year ago. Frisco ISD’s new home market remains the most active among Dallas?Fort Worth school districts.”

Homes sold with a federal tax credit originally had a closing deadline of June 30, 2010. The deadline was recently extended to Sept. 30. The extension only applies to homes already under contract by April 30.

For a full list and description of SDS’ services, visit www.SchoolDistrictStrategies.com. References are available upon request.

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