By Randall
Turk
The Norman Transcript
Building permits for new homes
in Norman increased more than 13 percent during the first half of
2006, compared to the same period last year.
Residential permits in Moore
took the opposite route, slipping more than 23 percent from the
level established at mid-2005. Taken together, residential building
permits in Norman, Moore and Noble still comprised about 20 percent
of new home permits in the metro area through June of this year,
compared to 21.8 percent at mid-2005.
Reports from area cities and
towns indicate total metro homebuilding activity involved 3,722
homes through June this year, an increase of only about 1.8 percent
compared to the first six months of last year.
The Norman building inspections
and permits office indicates 419 residential permits were issued
through June, compared to 370 at that time last year.
Moore registered 316
residential permits compared to 413 for the first half of 2005.
Officials say increasing mortgage interest rates may be to blame,
along with lessened need to replace homes destroyed by tornadoes
that tore through Moore in 1999 and 2003.
Were building
bigger, nicer houses, said Moore Mayor Glenn Lewis.
Moores new comprehensive city plan includes restricting east
side homebuilding to lots of a half-acre or larger, he said.
Even in smaller homes in Moore, the prices are going up.
Right now its about $125 a square foot. People are looking
for more upscale places.
Lewis said replacing
tornado-damaged homes is no longer a significant source of builder
activity in Moore. Were past that. And were
running out of lots. There are only four or five tracts of 50 acres
or bigger left in Moore.
In Noble 14 residential
building permits were issued through June, off 2 from
mid-2005.
Residential building permits do
not necessarily reflect the current level of home sales. In
addition to the several months required to build a home, some
builders add to their housing stock during the warmer months for
subsequent sale when the peak building period declines. Builders
pay tax assessments only on the cost of building materials until
new homes are sold.
Among metro area home permit
highlights at mid-year:
Edmonds 338
permits increased 11.9 percent from the first half of
2005.
Blanchard, with 35
permits, was off more than 60 percent compared to the 88 reached
through June of last year.
Choctaw, with 39
permits, was down 29 percent.
South Oklahoma City
registered 855 permits, an increase of nearly 5 percent.
Midwest City and Del
City home permits totaled 153, up nearly 43 percent.
Mustang, with 195
permits, was up more than 43 percent from this time last
year.
New homes continue to grow in
value and size throughout the area. All Norman homes issued permits
this year average more than 3,100 square feet. In Moore and Midwest
City the average is around 2,300 square feet. The average size
grows to 2,600 square feet in south Oklahoma City and 3,400 in
Edmond.
Among Normans more active
subdivisions over the year are Summit Lakes, with 50 building
permits, Deerfield, 22, and Tecumseh Meadows, 20. All are in east
and north sections of the city.
In Moore, 45 permits were
issued for homes in Kensington Place, 38 for Rockcreek and 20 in
The Falls.
Popular south Oklahoma City
subdivisions include Liberty Trails, with 53 home permits, Stone
Meadows, 55, and Westgate Gardens South, 33.
Ideal Homes, based in Norman,
and Home Creations, in Moore, continue to top the list of active
builders. Ideal Homes was issued 278 building permits and Home
Creations 238. Both companies build homes throughout the
metro.
Vesta Homes, of Moore, was the
fourth most active builder, with 76 residential
permits.



