Depressed Real Estate Market? Not in N. Dakota
The oil boom in western North Dakota has created thousands of new oil-related jobs in the state, and has also generated thousands of spillover jobs throughout the entire state. North Dakota's oil prosperity has kept the state's jobless rate below 4% for the last 20 months, and below 1% in Williams County, at the epicenter of the Bakken.
The oil boom has been fueling a shovel-ready, job-creating construction and housing boom in western North Dakota, with 2011 building permit value tripling in Williston and doubling in Dickinson. Read more here.
Drill, drill, drill = construction, construction, construction = jobs, jobs, jobs.