{"id":97,"date":"2014-01-29T03:42:08","date_gmt":"2014-01-29T09:42:08","guid":{"rendered":"http:\/\/thecrudelife.com\/new-site\/?post_type=podcast&p=97"},"modified":"2014-01-29T04:53:56","modified_gmt":"2014-01-29T10:53:56","slug":"building-bakken-episode-3-segment-1","status":"publish","type":"podcast","link":"http:\/\/thecrudelife.com\/new-site\/podcast\/building-bakken-episode-3-segment-1\/","title":{"rendered":"Building the Bakken Radio Episode 3 Segment 1"},"content":{"rendered":"
\"jeff<\/a>

Jeff Zarling, DAWA Solutions, being interviewed by Building the Bakken host Jason Spiess. Photo by Kevin Tobosa.<\/p><\/div>\n

Building the Bakken Radio Show recap 8.3.2013<\/strong><\/p>\n

Guests Interviewed:\u00a0 Jeff Zarling, Nancy Hodur, Joe Diamico,\u00a0 Kevin Holten, Dean Bangsund, Jason Luithle, Ross Myran and Bryan Lange<\/p>\n

Segment 1:\u00a0 Bakken Feature Part One:\u00a0 Housing in the Bakken<\/strong><\/p>\n

High rents, lack of rooms, harsh winters, regulations, crew camps and other factors funnel into the housing industry in the Bakken.<\/p>\n

Williston resident and DAWA president Jeff Zarling said he lives the oil activity every day.\u00a0 His kids go to school with the kids of the people so he relies on \u201cear to the ground information.\u201d\u00a0\u00a0 Zarling talked about how he has been hosting Bakken conferences and speaking across the country.<\/p>\n

Zarling said his firm knew a year ago the hotel market was softening and investors would become upset with him over the claim due to the high hotel occupancy.\u00a0\u00a0 Zarling adding the same companies who are occupying the hotels were taking out building permits and constructing their own lodging.\u00a0 Zarling said the movement of companies using hotels as apartments is ending or in some cases has already ended.<\/p>\n

Zarling said one of the biggest business myths in Williston right now is that the housing market is starting to soften.\u00a0 Zarling said there is a healthy housing market there in certain sectors.\u00a0 He said there is a market for town homes and condos and other service sector housing.<\/p>\n

Williston has an aging population who will need affordable housing over the next five to ten years.\u00a0 The lack of affordable housing options has created a situation where transient workers are hesitant to make a long term financial commitment to North Dakota by purchasing a high risk home.<\/p>\n

Zarling said some developers are starting to find it difficult to move single family homes because the house is in a neighborhood that is surrounded by homes filled with oil patch workers.\u00a0\u00a0 He said, \u201cthey are not in neighborhoods, they are in crew camps in an R1 zone.\u00a0 Some developers are finding it difficult to market product because neighborhoods look like \u201cfrat houses in an R1, the only difference is that instead of Greek symbols on the wall you have company logos on the trucks.\u201d<\/p>\n

Zarling said when a neighborhood becomes inundated with oil patch workers, developers have trouble even selling a lot because of bad public relations.\u00a0 Zarling said development names get changed to \u201cderogatory\u201d ones that are named after the company housed there \u2013 for example instead of Harvest Hills, it\u2019s ABC Hills.<\/p>\n

Zarling said this is a \u201cshort term vs. long term\u201d deal and cited the hotel industry as an example.\u00a0 The successes they have seen due to the housing issues is deceptive because now that traditional housing is coming online the hotel industry is now around 60-70 % in some areas are are seeing a vacuum, now having to build back that occupancy.<\/p>\n

 <\/p>\n

http:\/\/thecrudelife.com\/new-site\/wp-content\/uploads\/2014\/01\/seg1_FN_08032013.mp3<\/a><\/audio><\/div>

Podcast: Play in new window<\/a> | Download<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Building the Bakken Radio Show recap 8.3.2013 Guests Interviewed:\u00a0 Jeff Zarling, Nancy Hodur, Joe Diamico,\u00a0 Kevin Holten, Dean Bangsund, Jason<\/p>\n

> Read more<\/a><\/div>\n","protected":false},"author":1,"featured_media":38,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"10 Minutes","filesize":"10 MB","date_recorded":"","explicit":"","block":"","filesize_raw":""},"tags":[],"series":[426],"class_list":["post-97","podcast","type-podcast","status-publish","has-post-thumbnail","hentry","series-building-the-bakken"],"episode_featured_image":"http:\/\/thecrudelife.com\/new-site\/wp-content\/uploads\/2014\/01\/building_bakken_logo.jpg","episode_player_image":"http:\/\/thecrudelife.com\/new-site\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"http:\/\/thecrudelife.com\/new-site\/feed\/podcast\/building-the-bakken","embedCode":"
Building the Bakken Radio Episode 3 Segment 1<\/a><\/blockquote>