Housing in energy-producing states not yet out of the woods

As oil prices have seen a modest pick-up, so has employment growth in many energy-producing states. But, given the lags between changes in the labour market and its impact on the housing market, as well as the high levels of vacancy in rental markets thanks to the pre-oil price crash building boom, the housing markets of states with significant energy industries are unlikely to see much in the way of a recovery this year.