North Dakota: Real Estate Boomtown to Rise in State

North Dakota Real EstateNorth Dakota, an epicenter of the nation’s oil rush, is grappling with a scramble reminiscent of the most-heated periods of the housing boom.

Now, private-equity firm KKR is trying to capitalize by making a multimillion-dollar bet on a housing project in a town at the heart of it all.

KKR is expected to announce Wednesday that it will develop a sprawling master-planned community that could become a modern-day Levittown on the North Dakota plains. The project in Williston is expected to serve some of the thousands of workers pouring into the region who are searching for jobs but facing inadequate housing.

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See the Full Story at the Wall Street Journal

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