Sunday, July 07, 2013

North Dakota continues to lead the nation

Matthew Leiphon writes in New Geography:

The great North Dakota boom, driven by oil development and strong agricultural markets, has continued to put the state at the top of economic growth rankings. The state can now add "housing growth" to the list.

As the region's oil industry expands and matures, the market for more permanent housing solutions has heated up. According to recently released Census data, North Dakota led the nation in housing growth in 2012, increasing it's supply of housing by 2.3% in just one year. Overall national growth was 0.3%.

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