Teravista ranks first in the Austin metro area for annual new-home starts through the third quarter of 2012, according to Metrostudy. @Teravista’s sister community of Falcon Pointe ranks 9th in the same report.
Teravista had 240 new-home starts from October 2011 through September of this year, while Falcon Pointe had 116 starts, Metrostudy reported.
Starts are a strong indicator of community’s current and future popularity with homebuyers, said Vaike O’Grady, marketing director for Newland Communities.
"Starts are a very accurate measure of homebuyer demand and homebuilder confidence in a community," O’Grady said. "For both Teravista and Falcon Pointe to rank among Austin’s top 10 for starts was wonderful news to receive as each celebrated 10 years."