Oil prices this week hit multiyear highs above $70 a barrel, punctuating a global economic reawakening that has raised the prices of a broad range of commodities. But that doesn’t mean Louisiana should expect more drilling activity any time soon, according to one local energy expert.
The single family residential sector is seeing a surge in activity—and prices—as pent-up demand and low interest rates meet delays in new construction and tighter supply.
The pandemic didn’t wreak the predicted havoc on multifamily, but apartment inventory far outstrips demand and there aren’t nearly enough new jobs on the horizon to absorb it.