Originally Posted by snhwisconsin
My husband & I live in Northern Wisconsin in a tourist town and he currently works in the construction industry as a builder. The economy up here is not so great these days and work is becoming far and few between. His dad (who owns the construction company) and uncle (who is a $$$$ wealthy investor) are making the trip out to Minot next week to look into the possibility of building homes in that area. I have been doing some of my own research as my husband would go with them, and while I think Minot could be a possibility, I'm not so sure it would be the immediate place to build as they still seem to be recovering from their flood and homes will be underwater for an undetermined amount of time.
With that being said, I'm just looking for some general info on building out in the Bakken area. Here's a few questions...
Which town do you see with the biggest housing crunch?
Do you see lots of out-of-town construction companies coming in?
Has land become very expensive to purchase?
Are there companies out there hiring contractors/builders to help with home construction that pay considerably well?
Any and all information on the building industry in Western ND would be much appreciated!
Practically everywhere in NW ND north of I94 almost to Bismarck and north to Minot needs housing.
Williston, Minot, Dickinson especially, but you might actually get more assistant with a development in a smaller town. Almost all the small towns in the region need housing, and land there is very cheap. Land around Williston, Minot, and Dickinson would be much more expensive.
A major problem anywhere, but especially Williston, and now Minot, is finding housing for construction workers. It's likely you'll need to import construction workers from out-of-state and house them in temporary housing.
Here's a link to one company that is concentrating on the small towns:
Stanley, North Dakota - Annabelle Homes
They have developments underway in Stanley and soon in Columbus. Also looks like they have plans for Plaza and Tioga, as well as other towns like Kenmare.
The Watford City area has a huge demand: the small town of Arnegard is getting a new development that will being a 100 or so homes. Killdeer is also a high demand. Going south to South Heart and Belfield as well as even Beach has high housing demand. Later, the demand is thought to extend south to Mott, Hettinger, Bowman, and New England, but that could be several years down the road.
In the Minot area, smaller towns like Berthold, Des Lacs, Burlington, Sawyer, and Velva would almost certainly have the cheapest land available and have local officials that would gladly see a developer come into town.
Crosby, Powers Lake, Makoti, Bowbells are towns on the northern edge of the boom that really need housing. There is a tremendous amount of oil activity on the Fort Berthold reservation, but property laws probably inhibit much development there.
One town that is expecting an oil boom is Bottineau, where a couple thousand wells might be drilled. It may be too early there, yet.