For the people in the Eagle Ford Shale counties in South Texas it is a case of basic economics. The supply does not meet the demand.
To assist area community and businesses in developing a strategy to deal the housing needs associated with oil exploration, the University of Texas at San Antonio Economics Department is providing some input.
“It will help inform both the private sector -- like investors and motels -- and camp developers on how much and how far they need to build,” said UTSA’s Bob McKinley, of the university’s economic department.
The study is designed to suggest both long- and short-term strategies.
“Looking 14 years out, what would housing look like? Would it be temporary housing? Would it be single family or multi-family housing,” the university’s Gilbert Gonzalez said.
More than 47,000 jobs have been brought into the region just to work on exploration last year. And that will grow to 120,000 jobs in 10 years, according to analysts.