North Dakota’s oil boom has led to the lowest unemployment rate in the country — 2.6% in December 2013. And where there are jobs, there is demand for everything else — including places to live. And because of the incredible demand and not enough supply to meet the demand, it’s a seller’s market and a construction worker’s dream.
The increased demand has also put a strain on the service professionals needed to complete a house, including framers, plumbers and electricians. “They are pining for framers. New construction costs have skyrocketed because there is so much work and not enough time or people to get it all done. Tradesmen are naming their prices and builders just have to pay it.”
Want to create jobs in North Carolina? Let the energy exploration begin.
