Housing Shortage Fears Due to Shale Boom in Ohio Put to Rest

After the discovery of large deposits of shale in eastern Ohio, researchers at Ohio State University believed a housing shortage was in the cards for areas near shale deposits. But after a recent report analyzing the effects of shale development on housing in Pennsylvania from 2007 to 2011, which were the first four years of the boom period, they found that counties experiencing the most shale-related development saw little change in fair market rents. The report found that, among many reasons, housing shortages were not a problem because of the increase of hotels being built, providing temporary housing to workers, as well as a lower positive economic impact of the shale development than was expected.

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