Wednesday, November 8, 2017

Tribune Report: Home shortage looms

The Home Builders Association of Metro Portland held its annual housing forecast last week. The Portland Tribune reports that "All of its main speakers agreed the current shortage of new homes for sale is driving up costs, including rents paid by households with the lowest incomes." Keynote speaker Tina Kotek said she plans even more work in 2018 regarding increasing affordable housing and housing choices in single-family neighborhoods. Another speaker, Oregon Economic Forum senior director Tim Duy, in a nod to residential towers resulting from growth boundaries, encouraged more high-rise condos to increase homeownership. "The only thing Oregonians hate more than sprawl is density," he said.  Read more.

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