Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

Southern Oklahoma report: It's 'wait-and-see' because of Energy slowdown

 
Posted on May 4, 2016 by By Carol Hartzog Communications

Editor’s note: The following is a report presented to the OSHBA spring board meeting from the various homebuilders associations across the state; this one Steve Taylor, OSHBA Associates Council chairman

By Steve Taylor
OSHBA Associates Council chairman

Steve Taylor

Residential building continues to be slow in Southwest Oklahoma, although building continues in the Elgin area because of its small-town feel and excellent schools.

In Lawton about four to five builders are building, but the out-of-town builders have moved out for the most part. Uncertainty around Ft. Sill and layoffs in the oil industry in the Duncan area with Haliburton, have caused people to take a wait-and-see attitude on building a new home. Commercial building in Lawton continues to be moderate with a new movie theater complex with businesses around it and several new restaurants in the area going in.

In the Altus Area, residential building continues at a moderate pace with about 3-4 builders doing 90% of the building.  Due to the influence of Altus Air Force Base, two different subdivisions are going in under two builders with 140 homes each.

Southwest Oklahoma Homebuilders Association is undergoing changes in the coming weeks as we are ending our relationship with the Lawton/Ft. Sill Chamber of Commerce and moving our physical offices to the offices of Barnes, Welsh and Perry CPA.  We have started a new newsletter to let the membership know the value of being a builder or associate member of the SWOKHBA. 

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