Major metro areas in Oregon continue to grow and thrive, but new home construction across the State remains stagnant. Even though homes aren't getting built, that doesn't mean the real estate market is quiet.
Oregon's economy continues to expand. The State unemployment rate is hovering around 5%. Many job sectors are posting gains, and the national economic expansion is causing migration trends. But, even though the population is increasing, single family homes aren't getting built. Tim Duy is an Economics Professor at the University of Oregon.