November 21, 2024 4:06 pm
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The real estate crisis in North Dakota’s man camps

For permanent RV residents in the oil field, space is at a premium. Some enterprising owners build mud rooms that rival the trailers they are attached to in size, like this on at Fox Run RV Park in Williston, North Dakota.
For permanent RV residents in the oil field, space is at a premium. Some enterprising owners build mud rooms that rival the trailers they are attached to in size, like this on at Fox Run RV Park in Williston, North Dakota.

By Jennifer Oldham | BloombergBusiness

Chain saws and staple guns echo across a $40 million residential complex under construction in Williston, North Dakota, a few miles from almost-empty camps once filled with oil workers.

After struggling to house thousands of migrant roughnecks during the boom, the state faces a new real-estate crisis: The frenzied drilling that made it No. 1 in personal-income growth and job creation for five consecutive years hasn’t lasted long enough to support the oil-fueled building explosion.

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