Newspaper article THE JOURNAL RECORD

Housing Contracts Up 80% / Contract Total Highest since March, Says Dodge Report

Newspaper article THE JOURNAL RECORD

Housing Contracts Up 80% / Contract Total Highest since March, Says Dodge Report

Article excerpt

The value of single family housing contracts rose a whopping 80.6 percent across central Oklahoma in September over the v alue of contracts in August, the first such increase on a month-to-month basis in almost a year, according to the Dodge Local Construction Potentials report released Monday.

September contracts totaled $55.8 million - the largest dollar amount of contracts since March, when $71.6 million was totaled. August contracts had totaled $30.9 million.

The last time the amount of contracts in central Oklahoma increased from one month to the next was in October 1984. Contracts made in that month amounted to $56.4 million, an increase of 6.6 percent over the $52.8 million reported in September, 1984.

Despite the good news, most of the figures for September in the Dodge report were down compared to the August 1985 and September 1984 reports for both the central area and for the state.

- Single family housing last month was 15.3 percent below the $65.9 million in contracts reported a year ago in September.

Non-residential construction - construction of manufacturing plants, schools, government offices and similar structures - was also down in September, not only from last year but also from August.

- Contracts for non-residential facilities amounted to only $26.4 million last month, a 23.9 percent decline from the $34.7 million reported in August. In addition, contracts were down last month by 54.5 percent from the $58 million which was reported last year in September.

- Non-building construction in September, totaling $4.3 million, was down 81.3 percent from the $23 million reported in August, and down 75.8 percent from the $17.8 million in September 1984.

Facilities in the non-building construction category include dams, roads, bridges and similar structures. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.