Single-Family Building Permits Down 6.3% in Second Quarter / Southwest Sector Grabs Largest Chunk

Article excerpt

New single-family building permits declined during the second quarter of 1986 by 6.3 percent as compared with the previous quarter and by 29.1 percent as compared with the second quarter of 1985, according to a recent report of the Oklahoma City Office of Research and Economic Development.

Single-family building permits issued in Oklahoma City totaled 414 during the second quarter and 442 during the first quarter. There were 584 single-family building permits issued during the secondquarter of 1985.

Combined housing permits (single family, duplex, multi-family) totaled 447 during the second quarter of 1986, which was a 40.47 percent decline when compared with 751 permits issued during the first quarter of 1986, and a 40.16 decline when compared with 747 permits issued during the second quarter of 1985.

According to the report, about half of the permitted housing units were in the 1,000- to 1,999-square-foot range, about 39 percent were in the 2,000- to 2,999-square-foot range, and only about 9 percent exceeded the 3,000-square-foot mark.

The heaviest building of single-family units occurred in the northwest and southwest sectors. In the northwest sector, there were 136 single-family building permits issued, or 32.8 percent of the total issued. Single-family building permits totaled 159, or 38.4 percent of the total, in the southwest sector.

The total for the northwest sector was an increase of four over the previous quarter and a 41.88 percent decrease from 236 permits issued during the second quarter of 1985 for that sector.

The total for the southwest sector represented a decrease of 29.9 percent from 227 permits issued during the first quarter and a 29.6 percent decrease from 226 permits issued during the second quarter of 1985. …