Metro Building Permits Surge in September

Article excerpt

Building permits issued in September for single-family construction rose sharply in Oklahoma City, Midwest City and Moore, according to data collected by the Central Oklahoma Home Builders Association.

Oklahoma City reported 274 permits issued in September, up 76.8 percent from the 155 permits it issued in September 2001. For the first nine months of the year, the city has issued 2,165 permits, up 19.6 percent over the 1,810 issued a year earlier.

Midwest City reported a 211 percent increase in single-family building permits, to 28 from just nine issued in September 2001. So far, the city has issued 139 permits compared to 88 for the first nine months of 2001.

Also seeing growth was Moore, which said permits issued rose 60 percent to 40 from 25 a year earlier. The September permits pushed the year-to-date total for the city to 339 from 239 issued during the first nine months of last year.

In all, the 18 areas surveyed by the association reported issuing 485 permits for single-family residences in September, up 54 percent from the 315 issued in September 2001. For the first nine months of this year, building permits totaled 4,057, up 24.2 percent from the 3,267 reported for the same period a year earlier.

Seminars

The Community Action Agency of Oklahoma City and OKC Partners in Homeownership will conduct a seminar on Wednesday for mortgage lenders and Realtors on new programs that are available to home buyers, the agency said this week.

Among topics to be discussed are lead-based paint regulations by the Department of Environmental Quality, updates on the Department of Housing and Urban Development's Section 8 inspection requirements, and the location of affordable houses and how to obtain them.

The event is scheduled for 1 p.m. to 4 p.m. Wednesday at Francis Tuttle Technology Center, 12777 N. Rockwell Ave.

The seminar, which is sponsored by the Oklahoma City Metropolitan Association of Realtors, is approved for accreditation through the Oklahoma Real Estate Commission. Association members may participate at no charge. All others must pay a $10 registration fee. For reservations, call 748-1881.

American Guaranty Title will host a free seminar on 1031 Tax Deferred Exchanges 9 a.m. to noon Thursday at the Oklahoma City Metropolitan Association of Realtors office building, 3131 Northwest Expressway.

Keith Kazelwood, southwest regional manager of Old Republic Exchange Co. of Houston, will present the class. He is expected to speak on exchange principles and procedures, how exchanges can help close the sale, and how investors can use the IRS's dollars to buy the replacement property.

Registration for the event will begin at 8:30 a.m. To register in advance, contact Joan Hunter at American Guaranty Title at 942-4848 or jhunter@oldrepnatl. …