Oil boom fuels new home construction throughout Oklahoma

St. Louis homebuilder USA Wealth Partners will hold a grand opening next week for its new Elk City community. The company also plans to build homes in Sayre, Burns Flat and Altus, all because of increased oil drilling throughout western Oklahoma.
by Adam Wilmoth Modified: September 13, 2012 at 9:57 pm •  Published: September 14, 2012

The Missouri group at first was reluctant to invest in Oklahoma. But, after seeing the strong demand, it bought properties in Sayre and Altus and has plans for other Oklahoma projects as well.

“Western Oklahoma, if it is not the best area, it is at least one of the best areas in the United States for developers,” said Carolyn Warenberg, USA Wealth Partners' senior managing partner.

The current boom has benefitted communities throughout the country, but Warenberg said Oklahoma has been among the best at preparing for the growth.

“These municipalities have established infrastructure so that they can accommodate new rooftops,” she said. “If you don't have the water, sewer and power, you cannot put in new commercial development or new rooftops. If you look at communities like Clinton, Weatherford, Elk City, and Sayre, they are investing money into building out their infrastructure.”

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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