Denton ISD Trustees heard a presentation on residential growth in the district at their August 10 meeting.
Since the first quarter of 2009, the closing number for new homes has fluctuated around 250 per quarter. In the second quarter of this year, that number grew to 289, the highest since 2008, according to Rod Reeves, coordinator of operations for Denton ISD.
From the third quarter of 2009 to second quarter of 2010, the district recorded 1,026 new home starts.
Because of the expiration of the first-time homebuyers’ tax credit, the remainder of 2010 will likely show a lower rate of starts and sales, Reeves said.
Among other North Texas school districts, Denton ranks third in annual new home starts, behind Frisco and Northwest ISD.
Top performing subdivisions for annual closings in 2009 were Lantana at 129 closings with a one-year forecast of 79 starts and a two-year forecast of 64; and Paloma Creek at 295 closings with first and second-year forecasts of 256 starts.
There are 48,058 potential single-family home lots remaining in the district, consisting of 3,172 vacant developed lots, 4,436 future lots and 39,463 preliminary lots planned.