This holiday season in Oklahoma City seems to be booming for new residential construction. Despite the rising costs of materials (drywall up 14%, lumber at a six year high), plenty of residents are looking to build their dream home this holiday season. The Oklahoma City movers find it worth noting that the current state of the city’s real estate is comparable to 2007, but on the rise rather than stagnant. The slump of 2007 was the lowest point the city saw in terms of the economic crisis.
Compared to the last quarter of 2011, new home construction is up 32.1 percent. Additionally, building permits outnumbered 2011’s annual total in mid November 2012. Hopefully the housing and construction industries continue this momentum into 2013.