Housing starts for July up from last year.

Area housing starts in July were on the rise by 16% over July 2022 numbers, according to the Home Builders Association of Greater Tulsa.

This is the first increase in home starts since June 2022, the organization said. In comparison, the overall housing starts increased by 3.9%, according to a U.S. Department of Housing and Urban Development report and the U.S. Census Bureau.

“Housing sales remain active while builders work to sell through products built in 2022 as customers deal with higher interest rates for financing,” said Jeffrey Smith, executive vice president of the Home Builders Association.

Local housing start figures reflect permit information for the entire Tulsa area, which includes Bartlesville, Bixby, Broken Arrow, Catoosa, Collinsville, Claremore, Coweta, Glenpool, Jenks, Kiefer, Miami, Muskogee, Owasso, Okmulgee, Sand Springs, Sapulpa, Skiatook, Tulsa, Verdigris, and Wagoner; along with Tulsa, Rogers, and Wagoner counties.

Published Aug 20, 2023, Tulsa World, Business in Brief