West Houston's Firethorne Achieves Record-Breaking January Home Sales Thanks, in Part, to Federal Housing Tax Credit Program

    KATY, TX, February 18, 2010 /24-7PressRelease/ -- Firethorne sold 23 new homes in January 2010, marking a record high for January sales for the Katy/Fulshear residential real estate development. The all-time high January sales record was achieved in part thanks to the Federal Housing Tax Credit Program. The 1,400-acre master-designed community, located 15 miles west of Houston's Energy Corridor, also achieved record-breaking annual sales in 2009, up 16.6 percent over the previous year.

The Federal Housing Tax Credit is worth up to $8,000 for first-time homebuyers and $6,500 for move-up buyers at Firethorne. The tax credits are available through April 30, 2010.

The previous January home sales record for the four-year-old Katy/Fulshear residential community was 15 sales in 2007. Firethorne has sold 948 homes project-to-date.

"We're very pleased with these figures, as well as the fact that 87 percent of these sales were brought to us by Realtors," noted Firethorne General Manager Wayne Meyer. Firethorne hopes to maintain this level of home sales through the spring, thanks to the extension of the federal housing tax credits through the end of April.

According to Meyer, in addition to the Federal Housing Tax Credit program, Firethorne has been holding its own thanks to continued growth in the Katy and Fulshear areas and for being part of great school districts. "BP America and Conoco/Phillips have relocated employees here, plus three major Houston hospitals are expanding in this area -- two under construction and one on the drawing board," he noted.

The Firethorne builder team consists of Coventry Homes, Highland Homes, Parkwood Builders, Partners in Building, Perry Homes, Plantation Homes and David Weekley Homes.

Firethorne is attractive to the Houston relocation market with its proximity to the Energy Corridor, location in top-ranked school districts and the availability of estate-sized lots typically found in the country with all of conveniences of master-designed recreational amenities, such as state-of-the-art technology and nearby shopping, retail, dining, entertainment and medical facilities. The community features 150 acres devoted to parks and recreational amenities, a 12-acre lake with surrounding greenbelt, resort-style swim center, sports fields, hike/bike trails, parks and playgrounds, discovery-rich wildlife observation area and a natural bird habitat. It's where the vibrancy of West Houston meets the small-town charm of Katy/Fulshear. Take I-10 West and exit Pin Oak to FM 1463, go to www.firethorne.info, or call 281-693-1011.

In addition to the Federal Housing Tax Credit program, Firethorne has been holding its own thanks to continued growth in the Katy and Fulshear areas and for being part of great school districts. "BP America and Conoco/Phillips have relocated employees here, plus three major Houston hospitals are expanding in this area -- two under construction and one on the drawing board," he noted.

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