The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, October 22, 2018
Report: Oregon Has Underproduced Housing by 155,000 Units Since 2000
A new report issued by Up for Growth and ECONorthwest finds that Oregon has underproduced new housing by approximately 155,000 units since 2000, despite robust construction activity over the past few years. At the same time, the regional population has been growing. Between 2010 and 2016, fewer than one housing unit was built for each new household in Multnomah County. In order to make up for this, the report suggests increasing the percentage of medium- and high-density housing that is built over the next 20 years. Previously, 67% of new housing has been single family homes - the report suggests decreasing that to 8% of new housing units. Read more.