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Bakken: Think Your Community Has a Housing Shortage???

Bakken Drilling Rig -Williston, ND
Bakken Drilling Rig -Williston, ND

Had the great pleasure of taking a trip yesterday to Williston, North Dakota to see firsthand the economic activity underlying the development of the Bakken oil formation. It was an amazing sight, one I suspect is typical of the early oil and gas booms that reshaped areas of Pennsylvania, California, Texas, and Oklahoma.

The most interesting issue they face is coping with a lack of housing in the region given the tremendous population explosion. Cities I have worked with in the past have often lamented the housing shortages they face. I think now I really know what a housing shortage looks like.

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