Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

From The Oklahoman: Oklahoma City housing starts jump in January

 
Posted on February 20, 2017 by Mike Means

Home builder Denise

Homebuilder Denise Patterson show some of the features in one of her custom homes at 15317 Salem Creek Place, northwest of NW 150 and Santa Fe Avenue. [PHOTO BY CHRIS LANDSBERGER, THE OKLAHOMAN]

By Richard Mize
Copyright © 2017, The Oklahoma Publishing Company

Spring may have sprung early for Oklahoma City-area homebuilding.

After three years of construction declines — including a steep 15.8-percent drop in 2016, comparable to 15.6 percent in 2009, the second year of the Great Recession and national housing crash — 2017 started with a turnaround.

Housing starts in January shot up 24.3 percent compared with January 2016, according to The Builder Report by Dharma Inc. in Norman.

Builders took out permits to build 368 houses last month, compared with 296 in January a year ago, in Oklahoma City, unincorporated Oklahoma County, Choctaw, Edmond, Midwest City, Moore, Mustang, Newcastle, Norman, Shawnee and Yukon, according to The Builder Report.

January was not so sunny for real estate agents, according to the Oklahoma City Metro Association of Realtors, which reported ... Read the article at newsok.com

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