Williston Building Permits $33 Million 1st Quarter vs $7 Million 1Q11
From the Minot Daily News, to date (some numbers rounded):
Minot:
- 81 single-family homes, 10 townhouses, 208 apartment units permitted
- two new motels permitted: Nobel Inn (66 rms); My Place Hotel (64 rms)
- building permit revenue $55 million (vs $35 million, same time last year)
- may need 4,000 to 5,000 more housing units just to catch up
- last year: Hampton Inn, Staybridge, Souris Valley Suites addition, LaQuinta, Country Inn & Suites, Astoria
- 76 single-family homes (compared to eight the same period last year)
- "number of permits issued so far this year, unheard of"
- 10 apartment buildings will be started this year
- 3 new hotels this year
- 966 single-family homes (steady but small decline since 2008)
- overall construction up 10 percent last year
- growing faster than Fargo
- 1,340 single-family homes in 2011 (up from 610 in 2010)
- first quarter this year: $33 million vs $7 million last year
- commercial permits have almost tripled
- single-family home permits same as last year
- apartment unit permits are up
Minot LOST thousands of homes because of the 2011 flood. So in some ways, it is not so much about a huge GROWTH...but a mjority of it is about replacing what was lost. I read the same article and the Minot builders association is speculating 3,000 to 4,000 new oil workers each year. I really doubt that number. But I guess time will tell. But hopefully Minot can get caught up on re-building the thousands of homes that were lost to help the locals out first.
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