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Blue Oak Construction, LLC
With over 15 years of experience and more than 3,000 homes built, Blue Oak Construction’s principals will provide you with the expertise needed for a positive construction experience.
Family owned with Midwestern roots, Blue Oak continues to explore and develop new niche markets for investors and homeowners. As a top builder with long-term supplier relationships, low overhead, and a keen sense of the Florida & Mississippi Gulf Coast markets, Blue Oak has been able to provide a strong value proposition to its clients for many years.
Blue Oak Construction
is proud to present the finest GO Zone project on the Mississippi Gulf Coast.
The Federal Government is offering unprecedented tax relief to investors helping to rebuild areas devastated by Hurricane Katrina. Blue Oak Construction is offering full investment packages, specifically designed to capture these incentives while also appreciating at a high annual rate.
With 22 new Vegas-style casinos, Stennis Space Center, Keesler Air Force Base, and a myriad of new employment opportunities, the Mississippi Gulf Coast is at the brink of what will likely be an economic growth that few markets have ever experienced.
Meridian Financial invites you to learn more about the GO Zone and about the investment packages the developer is currently offering.
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Step 1 - Identify the Opportunity
- 64,000 Homes + 27,000 Rental Properties Destroyed
- Mississippi now allows for 22 Land Based Casinos
- Kessler Air Force Base Expanding 14,000 New Jobs
- Stennis Space Center Expecting to Double by 2010
- FEMA Assistance will Expire, 40,000 Families still Occupy FEMA Trailers
- Estimates of 100,000 or More Single Family Homes needed in Gulf Coast Area (High Demand & Low Supply)
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 Step 2 - Build What the Market Demands
- How Do They Know - We are following the guidelines of the Mississippi Renewal Forum. Their "Pattern Book For Gulf Coast Neighborhoods" specifies the exact architectual styles, sizes and character of all new housing in the area.
- Remember GoZone Tax Incentives & Other Government Subsidies
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Step 3 - Less Stress Financing
- Bayside Park, Mississippi
- $140,000* for House and Lot, Turn-Key
- Current Appraisal Rate = $150,100
- $9,700 and up= Cash Required
- Breakdown of Cash Required
- $4,000 Deposit to Builder (Return with Contract)
- $500 Lot Deposit (Return with Contract)
- $5,200 and up= Down Payment (Due in Approximately 30-Days)
*The price quoted in this example are not current and used for examples only. Please contact us for todays pricing.
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Step 4 - Monitor the Process and Exit Strategy
- As A Committment to You, They Will Provide You With Customer Service, Communication, and Feedback When You Request It
- The Customer Handbook will Outline Contact Information, Explanation of the Construction Process, and Our Exit Strategy.
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Some of the key economic drivers and other growth information are:
Stennis Space Center increasing work force from 4,500 to 9,000 by 2010;
Stennis Space Center increasing work force from 4,500 to 9,000 by 2010;
Mississippi Development Authority predicts that the $600 M port expansion will generate 5,400 maritime related jobs in 2015 based on $600M;
US Navy has awarded Northrop Grumman Ship Systems, which employs over 10,000 people, a $1.4 BILLION contract for construction of a new warship;
Keesler Air Force Base, which already has 11,200 employees and provides $1.2 billion in economic impact is one of the finalists for the nation’s headquarters in the fight against cyber terrorism which could bring up to 10,000 jobs;
PSL-North America locating new pipe manufacturing facility in Hancock County will employ hundreds of employees;
Booming casino industry is expecting to add 30,000 more jobs 2010 (see below);
For every casino job it is expected that another 1.5 ancillary jobs will be created;
Pratt & Whitney Rocketdyne, Inc. is recognized as a leading producer of the world’s most powerful jet engines;
ITT Corporation Systems Division is a major supplier of sophisticated military defense systems and services;
Lockheed Martin Space Systems operates a spacecraft propulsion and thermal system product center. "By opening the doors of this world-class facility, the State of Mississippi, NASA and Lockheed Martin have ushered in a new era of high-tech jobs for the Gulf Coast in the 21st Century," said Lockheed Martin Chairman and Chief Executive Officer, Vance Coffman;
Halter Marine VT Halter Marine, Inc. is a full service shipbuilding company with modern Design, Engineering, Shipbuilding, Program Management, and Logistics Resources;
Rolls Royce has an outdoor jet engine testing facility at the National Aeronautics and Space Administration’s John C. Stennis Space Center in Mississippi. This facility will be used to test development and prototype jet engines for performance, noise, validation of safety systems and other factors. There are only three such testing facilities in the world;
MS Gulf Coast corridor aerospace industry the Mississippi Gulf Coast
is also part of the Gulf Coast I-10 Corridor, an urbanized region that spans 300 miles across four states, from the Baton Rouge MSA in Louisiana to the Fort Walton Beach MSA in Florida. The I-10 Corridor, in fact, has become increasingly innovative. It’s home to 150 federal and university research units involved in everything from artificial intelligence to stem cell research.
The region’s innovation infrastructure also includes science and technology parks, technology transfer offices, incubators and more.
Traffic at Gulfport Biloxi International Airport expected to grow by 25% in the next 3 months;
Housing Predictor projects that Biloxi, MS, to be the 8th highest appreciating market in the US for 2008;
National Association of Realtors expects the price growth in the Gulfport-Biloxi Region to range from 9.2% to 16.2% in 2008.
BAE Systems said it expects a third of its annual profit to come from North America. Lucy Reilly Fitch, vice president of corporate development for BAE’s North American division, told Washington Technology that BAE is focusing on additional opportunities in the North American defense market, adding that it’s bigger than the next 14 markets combined. Ten years ago sales for large defense companies was some $5 billion, but today it’s closer to $30 billion. "That is what is driving our growth," she said.
Housing: Best time to buy in four years
Home values have declined across the country, giving homebuyers the best buys they've had since 2004.
NEW YORK (CNNMoney.com) -- It may be the best time to buy a house in more than four years.
Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004, according to a report.
The Cleveland-based bank National City Corp. (NCC, Fortune 500), together with financial analysis firm Global Insight, revealed Tuesday that more than 88% of the 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007.
"Housing valuations are almost back to long-term norms," said National City's chief economist, Richard DeKaser. He called current affordability "the best in the past four years."
But DeKaser cautioned that home prices could fall even further.
"This isn't to say home price declines are over," he said. "We could move below historic norms. By the end of 2008, housing markets could be broadly under valued."
Prices still improving
There are still 21 housing markets, or 6% of those surveyed, that are severely over valued, including Atlantic City and Madera, Calif. That's down from 56 overvalued markets at the peak of the housing bubble in 2006.
The report compares actual median home prices with what the authors determine are proper home values based on population density, relative income levels and interest rates, as well as historically observed market premiums or discounts, to determine whether markets are over or under valued.
The report also factors in market intangibles that make some areas more desirable places to live, and more expensive.
"Declines are no longer confined to once-frothy markets," said DeKaser.
The survey covered home valuations during the last three months of 2007, but DeKaser pointed out there's reason to believe that valuations are even more favorable for buyers today.
Price declines have continued into 2008 and interest rates, although they have inched up lately, have been steady or lower compared to late last year. There have even been wage gains; personal income rose 0.5% in December. Soaring foreclosure rates have added inventory to many housing markets, depressing home prices further.
The biggest gains in affordability occurred in California, Michigan and Florida, which are areas that have also been some of the hardest hit by foreclosures. Those states registered 43 of the 50 biggest price declines.
Bend, Ore. currently tops the overvaluation list. Home prices there were judged to be about 59% higher than their fair-market value. Miami, despite a median home price decline of 5.7% last year, is the most overvalued big city, by 44%.
All the best bargains were found in Louisiana and Texas. Houses in Houma, La. were under valued by 31.2%, according to the report. Dallas was the most undervalued big city, by 30%.
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