North Dakota Tops the Nation in Housing Development - KMOT.COM - Minot, ND - News, Weather, Sports

North Dakota Tops the Nation in Housing Development

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With more and more housing units being built each day, those in the business aren't surprised that the state tops the nation in housing development.

"We saw it coming and very happy about it. We happen to be the number one in North Dakota in housing, so it's been a very good couple of years for us," says Kent French.

Right now his company, Liechty Homes, is busy building in Minot and Bismarck. The most growth in the nation is in Williams county, with a 13.9 percent increase.

"This is good news. That we're building fast, we're expanding our housing supply very quickly. I think we'll begin to see rents leveling off in the near future," says Gov. Jack Dalrymple.

In total there were about 7,400 housing units built last year across the state. The governor says we will have at least that amount this year. But that much growth, this quick, concerns French. He says he's felt the effects of over building years ago.

"I can remember not knowing what to do as a younger lot manager at that time, when I had houses that were being repossessed and not knowing what to do because it just looked like the end was near," says French.

Which is why this time he's staying away from the heart of the oil patch.
     
"Many of the people that lived out in the oil fields, or oil patch as they call it, that are longtime residents out there, that want a better environment. That's why we have Bismarck and Minot as far as that's where we're spending our money. We're catering to those people," says French.

His company is building 90 units in a new development community in North Bismarck and 250 units in Minot.

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