Oklahoma City, Tulsa housing improving

A national index lists metro areas that have showed improvement for at least six months in a row in single-family building permits, employment and house price appreciation.
BY RICHARD MIZE richardmize@opubco.com Published: January 10, 2012

Housing in Oklahoma City and Tulsa is getting better all the time — or at least for the past six months.

That's according to the National Association of Home Builders/First American Improving Markets Index.

The state's two biggest metro areas and 38 others were added to the index released Monday, which listed 76 improving markets in all, up from 41 in December. Five metro areas fell from the list.

The index lists metro areas that have climbed out from the bottom of the housing bust for at least six months in a row in single-family building permits as reported by the Census Bureau, employment as reported by the Bureau of Labor Statistics and house price appreciation as tracked by Freddie Mac.

Oklahoma City's inclusion on the index should be no surprise to area builders, said Kurt Dinnes, owner of Sun Custom Homes and president of the Central Oklahoma Home Builders Association.

“We track new single-family housing permits in the Oklahoma City metro area and through November 2011 new permits are up year to date about 2.7 percent over last year for that same time period,” Dinnes said. “We consider ourselves fortunate here in central Oklahoma to continue to be one of the leading areas in the U.S. for the housing recovery.”

In cities tracked monthly by The Oklahoman, 2009 seems to have been the bottom of the local slump for building permits. That year, Oklahoma City, Edmond, Midwest City, Moore and Norman collectively issued 3,380 single-family permits, down from 3,817 in 2008, which was down from 4,759 in 2007.

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