Is Williston Over-Building? | VideoEvan Kruegel | 2/4/2013
"Over-building is always something thatís on your mind. You want to make sure that you donít overbuild one inventory over the other,Ē said Economic Development Assistant Director Shawn Wenko.
Wenko says thereís a thin line between not building enough, and building too much. Itís difficult to tell years in advance just how the housing demand will change as the city stabilizes, but Wenko says there are a few ways to estimate the need.
"You can gauge it through a lot of different factors. Obviously look at the amount of crew camp permitted capacity thatís out there. As we start to see the spu`s or special permitted uses go away and see residents start to transition into the community, that will be a good indicator. As well as what youíre seeing with occupancy rates in your hotels."
Most man camps in the area will be shut down before the end of 2014, forcing thousands of additional workers into the search for available housing. If man camp and hotel occupancies stay high through that time, the demand for housing will likely increase.
"When we start to see those drop a little bit, that will be a good indicator of where weíre at with the housing stock and what needs to happen in the future."
The demand for housing will likely remain high for the next few years, but there will eventually come a point when construction will have to slow down or even have to stop.