Austin Investment Links

Newland sees growth in Austin region
Austin Business Journal - January 15, 2007

A residential development company with two large-scale projects in the Austin market reports a 43 percent increase in new home sales in the area in 2006.

San Diego-based Newland Communities is the developer behind the 700-acre Falcon Point project in Pflugerville and the 1,555-acre Teravista community in Round Rock. The company says a total of 441 new homes were sold between the two developments last year, compared with 309 in 2005.

Headlines talk about a national housing slump, but we are seeing a contrary story here in Texas, and in Austin in particular," says Ted Nelson, Texas division president for Newland. "Texas grew more than any other state in 2006, adding 580,000 to its population, and this is expected to be a long-term trend."
Newland Vice President of Sales Bill Meyer says Falcon Pointe has benefited from its proximity to the new State Highway 45 North and State Highway 130 toll roads, the first phases of which opened in late 2006.

"Falcon Pointe began to benefit from all the positive anticipation surrounding these toll roads months before they officially opened," he says. "With the opening of the toll roads, the location of Falcon Pointe has gone from good to great."

Meyer says both Falcon Pointe and Teravista are positioned for further sales gains in 2007, with the recent addition of new homebuilders and product lines in each community. 

Please fill in the following information and one of our real estate professionals will contact you shortly with more information.