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All Signs Indicate A Strong Tulsa Building Economy For 2018

As a leading Tulsa construction practitioner, Stava Building Corporation founder John Stava recently attended the Tulsa Regional Chamber of Commerce’s  annual “State of the Economy Event.”

Much to his delight, Stava came away impressed and optimistic about what he heard from the event’s keynote presenter Jim Huntzinger in regards to the Tulsa building economy.

By all accounts, the Tulsa building economy is strong.

“The economy is strong and gaining momentum in Tulsa and in other areas throughout the country,” Stava said. “I think much of what was conveyed during the event reinforced many thoughts myself and others in the construction industry have held – that the outlook for growth in 2018 looks very positive.”

The December meeting was attended by many Tulsa business and community leaders. Huntzinger, who serves as the executive vice president and chief investment officer of BOK Financial, outlined a number of economic trends which painted a pleasant forecast for 2018.

The presentation revealed that the unemployment rate is now down to just 4.1 percent – a noticeable difference from when it hovered around 10 percent in 2010. Huntzinger also identified that job creation has remained positive. More importantly, the report highlighted that now is a good time for small businesses to expand.

Huntzinger listed the following as being central themes for 2018:

  • Synchronized global growth is positive and accelerating
  • U.S. growth in 2018 … 2%-2.5% and 2.5%-3% with new tax plan
  • U.S. wages are modestly accelerating
  • Interest rates will move higher
  • S&P earnings hit a new high – outlook still positive
  • Equity market fully priced … but can grind higher
  • No recession in sight

“There is always room for improvement, but the trends look very positive,” Stava said. “I think 2018 is a year in which potential clients should feel very good about building and expanding. We are excited for the prospects of 2018.”

We “Build Anything, Anywhere”

Stava Building has the team, resources and experience in place to help meet all your construction and building needs. Simply put: we can “build anything, anywhere.”

The company was recently recognized for its exemplary work during the 2017 Associated Builders & Contractors (ABC) Of Oklahoma Excellence in Construction Awards ceremony.

Stava Building offers and provides a diverse collection of construction services that include:

  • General Contractor
  • SBC Architecture
  • Design Build
  • Value Engineering

Contact us today to learn more about the company’s construction services.

Stava Building is a Proven Out-of-State Commodity

The Stava Building Corporation turns 30 this year, and the reputable commercial and industrial construction company’s Tulsa ties have never been stronger.

That said, the company also excels outside of Tulsa County where its company is based and was founded in 1988.

All total, the elite Oklahoma construction company has buildings and is licensed for construction in nine other states.

  • Kansas
  • Nebraska
  • Colorado
  • New Mexico
  • Louisiana
  • Mississippi
  • Arkansas
  • Texas

“Tulsa is and will always be our home, CEO John Stava said, “but we’ve been fortunate over the years to take on projects in others parts of Oklahoma and in numerous other states. The Stava Building Corporation name is one that we hope to continue to grow and expand in the years to come.”

Stava Building has completed almost 150 projects outside of the Tulsa area, two of which were in 2017: Lyon-Coffey Electric Cooperative (Kansas) and Linen King (Arkansas).

The Kansas based Lyon-Coffey Electric Cooperative partnered with Stava Building to design and construct a new 34,600 square-foot building for their headquarters that would help them better serve their 7,300 customers in 9 counties throughout Kansas.

Linen King, a regional industrial laundry service based out of Tulsa wanted to expand their facilities to better cover the Little Rock, AR area. Stava Building helped them not only architecturally design but coordinate with their team to integrate the massive mechanical requirements for the 58,500 square-foot laundry facilities.

Another notable project the Oklahoma-based construction company recently finished outside the Tulsa area was The Bulls-Eye Retail Center in Stillwater. The 10,000 square-foot retail center houses three tenant spaces including Mattress Firm, Jersey Mikes, and Great Clips.

“We’ve really worked on expanding our reach and client base in the past 15 years or so,” project manager Justin Sessions said. “We have the ability, knowledge and experience in place to build anything anywhere.”

Experience the Stava Building Difference?

As Sessions suggested, Stava Building has the team, resources and know-how in place to “build anything anywhere.” The company was recently recognized for its exemplary work during the 2017 Associated Builders & Contractors (ABC) Of Oklahoma Excellence in Construction Awards ceremony.

Stava Building offers and provides a diverse collection of construction services that include:

  • General Contractor
  • SBC Architecture
  • Design Build
  • Value Engineering

Contact us today to learn more about the company’s in-state and out-of-state construction services.