Oregon Economy Continues to Improve
According to a report released this month by the Oregon Economic Forum, Oregon’s economic Indicators continue improving:
- Oregon’s economic activity rose to 0.33 in April.
- The manufacturing and services sectors contributed positively to the measure, while construction and household sectors dragged.
- Overall, the Oregon economy is growing near to somewhat above its average rate since 1990.
- The University of Oregon Index of Economic Indicators™ has risen in each of the last seven months.
- Initial unemployment claims fell again, and are now in a region consistent with strong job growth. Initial claims were the lowest since May of 2007, prior to the onset of the last recession.
- Residential building permits (smoothed) are at their highest level since February 2008.
Download a PDF of the full report here.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com