Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

From The Oklahoman: Election, oil, economy bode well for Oklahoma City housing, builders say

 
Posted on December 10, 2016 by By Carol Hartzog Communications

By Richard Mize
Copyright © 2016, The Oklahoma Publishing Co.

Metro-area homebuilders are heading out of 2016 the way they headed in, as if in the wake of the Great Recession rather than seven years removed from it.

But they have reasons to be optimistic, "since the president has been elected, and oil is starting to do a little better and the economy is doing better," said Kenyon Woods, president of the Central Oklahoma Home Builders Association.

Authentic Custom Homes, owned by Kenyon and his wife, Brandi, has been busy this year in additions in the Edmond and Deer Creek areas, even as construction slowed in general across the Oklahoma City area.

Activity was similar to 2011, when the recession and housing crash were just two years in the past. Through November, builders started 4,019 houses, according to The Builder Report published by Dharma Inc. in Norman.

The year "has been interesting," said Steve Shoemaker, vice president of sales and marketing for Ideal Homes of Norman. "All the market indicators that we watch are strong, but metrowide it is down from the previous few years and is a lot like 2009-2011."

Read the article at newsok.com

 

http://newsok.com/election-oil-economy-bode-well-for-oklahoma-city-housing-builders-say/article/5530394

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