Portland 19th in Nation for Apartment Permits

The National Apartment Association reported Portland metro 19th for new multifamily unit permits among the top 50 multifamily markets in 2007. A total of 4,705 units – including condos – were permitted. This represented an minor addition of 3.34 multifamily units for each 100 additional jobs created. Renters make up approximately 1/3 of the population. With an average 2.5 people per household and 60% of renters in multifamily units (as opposed to single family or mobile homes) at least 7 units per 100 new jobs would be required just to keep the status quo.