Austin-based Pacesetter Homes is expanding in North Texas with plans to have 12 new residential communities open by the end of the year.
Pacesetter has about 1,200 lots under contract in North Texas, said Blake Friesenhahn, the builder’s vice president for DFW. The company plans to build a little more than 200 homes in the area this year, he said. “We’re excited because we think as we’re opening up a lot of these new communities, they’re in price points that are in very high demand,” Friesenhahn said in an interview with the Dallas Business Journal. “We think 2020 is going to continue to be a good year for the market, and we plan on having a significant jump in our position in the market.” Pacesetter’s current communities in North Texas include Woodridge in Oak Point, Creek Crossing in Melissa, Anna Town Square in Anna, Parks at Legacy in Prosper and Breezy Hill, Stone Creek and Gideon Grove in Rockwall. Homes in those communities range from the upper $200s to the mid-$400s, with the average in the $350,000 to $450,000 range, Friesenhahn said. Pacesetter has sold about 80 homes in those communities so far. Lots are currently being developed and communities will be open later this year in Meadow Run in Melissa, Green Meadows in Celina, Woodland Creek in Royse City, Lavon Farms in Lavon and Aubrey Creek Estates in Aubrey. The company is developing some lower-priced lots in some of the newer communities, so homes in those communities will sell from the low $200s to the mid $400s, with most being in the low $200s to mid-$300s, Friesenhahn said. Friesenhahn said the North Texas new home market has been strong since the third quarter of last year when interest rates began to come down. Pacesetter’s homes appeal to a variety of demographics because of its variety of price points, he said. “It’s really all ages,” he said. “With our price point, we’re going to have some first-time buyers, first-time move up buyers and certainly some downsizing empty nesters. Then you get into our Prosper and Rockwall areas, and you see second and third-time buyers that have kids in their teens and want more space.” The company plans to build 300 to 350 homes in North Texas per year in 2021 and 2022 after its new communities come online, and grow its community count after that, Friesenhahn said. Pacesetter’s parent company is Winnipeg-based Qualico, one of the largest construction companies in western Canada. In 2004, Qualico entered the Austin market, and Pacesetter was formed in 2007 in that city, Friesenhahn said. Pacesetter is building about 500 homes a year in Austin and surrounding Central Texas cities, he said. Pacesetter entered the Dallas-Fort Worth market in 2017 and opened its first community in the market the next year. Reported by Dallas Business Journal (Jan. 14, 2020) For complete contact information for Pacesetter Homes, including all corporate, region and division offices and top personnel contacts, refer to The National Builders Directory and Online Database.
0 Comments
Leave a Reply. |
Author
Archives
January 2022
Categories |