Statistics showing that Minot's construction industry is booming isn't exactly surprising a simple drive around town is an eye-opening experience.
Minot boasted record-setting construction statistics in 2011, and the trend certainly hasn't slowed in the first months of 2012. In 2011, there were 292 permits for single-family homes in Minot. This year? Through April 13, there have been permits for 81 single-family homes, 10 townhouses, 208 apartment units and two hotels. And that's on top of the housing and commercial projects permitted last year, which included seven hotel projects. Building permit revenue jumped from $36.4 million at this time last year to more than $54 million this year.
And yet, the explosive growth still can't keep up with constant demand. Housing remains at a premium, with vacant apartments scarce and homes often selling after being on the market for mere days or less.
While crews work to build apartments, homes and other living facilities as fast as possible, the need for infrastructure in growing areas of the city is also a serious concern. Housing developments can't be built without proper water, sewer and streets, and those things take time to complete.
Minot will eventually catch up to the housing demand, but it will require patience.