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Builders, buyers all smiles for Parade of Homes in Oklahoma City

Historically low mortgage interest rates — 3.69 percent here in August, according to the Metro Association of Realtors — are driving buyers to make decisions before the election, builder Kurt Dinnes said. Usually, uncertainty leading to an election sends potential buyers to the sidelines.
by Richard Mize Modified: October 6, 2012 at 2:09 pm •  Published: September 29, 2012

The nation's builders are starting to smile, as well.

Right direction

“It now appears that all states are reporting fairly good increase in new starts over 2011 numbers and that unemployment has also improved. The general consensus was that the homebuilding recovery is moving in the right direction,” Dinnes said.

Oklahoma City-area Realtors reported 1,922 home sales in August, up 25.6 percent from August 2011, with it taking 74 days on average to sell a home once put on the Multiple Listing service, a full week faster than a year ago.

During the Parade of Homes, shoppers will see the latest and best that builders and their subcontractors and suppliers have to offer, said builder Kenyon Woods, parade chairman and co-owner of Authentic Custom Homes.

Energy conservation features and home automation “where you can control your house with an iPhone or iPad, are two areas getting a lot of attention this year, Woods said.

“It has been a great year of homebuilding in the Oklahoma City metro and we are proud to present to you what we have been working on,” he wrote in the parade guide book. “We, as builders, spend many hours attending conferences both in our area and across the U.S., touring homes and researching the latest innovations in building to make sure that our homes are excellent in both construction and style. We take great pride in our homes and we are very excited to show them off to the public during the Parade of Homes.”

Most parade homes are in the following neighborhoods: Hidden Creek, north of NW 122 and east of MacArthur Boulevard; Pleasant Grove, west of Council Road north of Memorial Road; Monterau, at NW 150 and County Line Road; Rose Creek, NW 164 and N May Avenue; and Williamson Farms, SW 119 and Meridian Avenue.

by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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