Oil-boom NM area still facing housing shortage

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Source: lubbockonline.com --- Saturday, July 06, 2013
HOBBS, N.M. (AP) ? A region in New Mexico facing a housing shortage because of an Oil boom has seen several planned projects fall through. The Hobbs News-Sun reports that a number of affordable housing projects in recent months have fizzled in Hobbs and Lea County despite a pressing demand. For example, a planned 60-home, 12-acre mobile home park that sought to bring homes priced each at less than $100,000 flopped last month due to a lack of financing. read more ...

Source: http://lubbockonline.com/filed-online/2013-07-06/oil-boom-nm-area-still-facing-housing-shortage

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