Oklahoma Construction Estimating Services
Oklahoma Construction Estimating Services
Oklahoma is a landlocked state that sits on top of Texas. It borders Kansas, Missouri, New Mexico and Colorado. It is the 20th largest state by area. I keep mentioning these tidbits mainly to give the client an idea about the state. The larger the state, the more construction opportunities there will be. It’s common sense. I may be wrong, but I am human. Location plays a significant role. To get an idea of what it will cost to build in the area, you have to use our Oklahoma construction estimating services.
We will provide you with accurate costing of all the trades that come into play. The report will give you a heads-up about your project. Whether it meets the current financial constraints or not. You don’t want to start building your project until later, when you find out your land is condemned, or you don’t have the necessary permits. That’s what we do. We list all the information concerning costs associated with the construction project. Now, you may find other companies that do this sort of thing.
This is what separates us is that we don’t give you false hope. We only provide solicited solutions. That is why clients prefer us for our work. Our continued effort to keep you updated with costing information is why you keep coming back.
Oklahoma Construction Economy Overview
In Oklahoma City, tracked contract projects (residential, non-residential, and non-building infrastructure) had a combined construction value of $5.2 billion in 2022. That represented a 32% increase over 2021. Non-building infrastructure projects, such as water supply systems and bridges, are anticipated to decline by thirty percent. The fall in the non-building category is anticipated to push the total construction value across all categories into negative territory.
The City of Oklahoma City has received the top ranking for the past twelve years. Bonds the city sells to raise money for the $967 million, ten-year Better Streets, Safer City infrastructure investment initiative are priced based on the ratings.
Like the rest of the country, Oklahoma City area home prices and sales started declining in 2022 as borrowing costs increased. The record-breaking activity in the housing market over the past two years has finally begun to taper off. At $242,000 for the year, the median sales price grew by 11.5% overall. Prices for single-family homes increased by 11.4% over the previous year, while those for townhouses and condos increased by 14.4%.
In 2022, 81.5% more houses were for sale than the previous year. The above information is courtesy of Click Here. They have indeed done their homework when it comes to numbers.
Oklahoma Current Standings
Oklahoma ranked 20th in the US regarding non-residential construction in 2023, with $4.3 billion, and 37th in the US in 2023, with $62.4 million in residential development. In Oklahoma, 6,379 construction permits were issued in 2023, indicating a healthy growth rate from 2018 to 2023.
Because the construction industry generates wealth, jobs, and tax revenue for states, trends in this industry are significant. Moreover, the building industry’s operations affect the manufacturing, wholesaling, warehousing, transportation, real estate, rental, and leasing services sectors in its supply chain. That is why it is imperative for you to partner with Oklahoma Construction Estimating Services. Our costing information can help you win bids.
Oklahoma’s economic outlook is ranked fifth among the states in the country. The Sooner State is superior to the competition, even when measured against the states that border Oklahoma. Texas, ranked 13th, is the closest neighboring state to Oklahoma in the rankings.
Building Material Costs And Oklahoma Construction Estimating Services
Hard costs are with the actual construction of the residential building and the associated labor expenses. Typically, this category includes expenses for the foundation, framing, plumbing, electrical, roofing, and other interior features. Oklahoman contractors concentrate on the following components and phases of the building process to finish a secure and long-lasting place for homeowners:
Structure: Homeowners should budget between $28 and $33 per square foot for the structure. This estimate includes the foundation, walls, ceiling, and other components that will frame the house.
Electrical: Installing electrical panels can cost anywhere from $898 to $1,069. The panel, labor, supplies, and materials are all included in this pricing.
Roofing: Asphalt roof shingles are the best option for homes in Oklahoma because the state experiences several seasons each year. Homeowners may pay $5 to $6 per square foot for supplies for this kind of roof, plus additional costs for labor, equipment, and other expenses. As a result, the roof will ultimately cost between $6,200 and $7,900.
Plumbing: The average homeowner in Oklahoma has spent $323 on supplies, labor, equipment, and fees related to plumbing. This may cost as much as $654.
HVAC: The cost to install an HVAC system can range from $1,868 to $9,340. This primarily depends on the type of job, the climate where the house is located, and its size.
All the above information and rough estimates for precise costing use CSI Estimation.
