Housing construction steady in New Mexico’s oil region

State & Regional

(Nexstar Media Group/KLBK News)

HOBBS, N.M. (AP) — The crash of the oil business and the economic decline that has followed the COVID-19 pandemic hasn’t stopped construction for the housing shortage in the heart of New Mexico’s oil region.

The Hobbs News-Sun reports Hobbs, New Mexico, is seeing new construction with three major developments, and building continues to grow through the pandemic.

On top of the lots and homes being sold, multiple companies are trying to meet the need for apartments.

Real estate agents say that despite the oilfield crash, the region still has a housing shortage.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


EverythingLubbock.com continues ongoing coverage of coronavirus (COVID-19) recovery efforts in Lubbock and the South Plains


Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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