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.