Tag Archives: oil

Oil Boom In Carlsbad Squeezes Local Housing Market


October 26, 2018 – The oil boom in southern New Mexico means more jobs in Carlsbad, but longtime residents and new arrivals are all finding it tough to find a place to live. The cost of both homes and rentals has gone up in recent years. And many local leaders report that there just aren’t enough places to house the current population. In part two of our series on housing in Carlsbad, produced with the Carlsbad Current-Argus, Sarah Gustavus looks at how the housing shortage has impacted two young professionals.

The Cost Of Housing Is Rising In Carlsbad Amid Oil Boom


October 19, 2018 – The oil and gas boom in southern New Mexico has brought significant new revenue to the state. It’s also created lots of new, often high paying, jobs in Carlsbad. But some local businesses are struggling to keep up. It’s tough for restaurants and hotels to keep workers. And the cost of housing is rising.

Sarah Gustavus is reporting this month on how the oil and gas boom has impacted the local housing market. In part one of our series, produced with the Carlsbad Current Argus, we hear how locals are responding to the influx of new people.