The total number of housing starts through August 2006 stands at 3,488, 3 percent above last year’s total through August, said the Home Builders Association of Greater Tulsa.
New Orders Weekly reported Broken Arrow had 68 starts in August for a year-to-date total of 637. Tulsa saw 58 starts with a year-to-date total of 497. Bixby had 35 starts and a year-to-date total of 261 and Owasso started 28 homes for a year-to-date total of 267.
The year-to-date total for the metropolitan service area does not reflect Bartlesville. The community has a year-to-date total of 48 home starts and had five starts in August.
Nationwide, sales of new single-family homes rose 4.1 percent in August to an annual rate of 1.050 million units, according to figures released by the U.S. Commerce Department.
“The sales increase for August reported by the government was somewhat surprising,” said National Association of Home Builders President David Pressly in a press release. “However, mortgage rates have been coming down from mid-year levels and many builders are offering substantial incentives to bolster sales, making this a good time to buy.”