Sponsored by Oregon Business

Construction flexes economic muscle

| Print |  Email
Tuesday, August 01, 2006

During the past year, Oregon employers added 58,100 nonfarm jobs, a 3.5% gain. Of all sectors, construction added the most jobs (11,400) and grew the fastest (12.7%), more than three times the national rate of construction growth. The turnaround for Oregon’s construction industry came in July 2003, after losing 8,600 jobs (10%) during the recession. Rapid growth has touched all parts of the industry. Residential building jobs climbed 20% over the past year. Oregon housing permits jumped 14% in 2005, the seventh-fastest in the United States, as low interest rates, a growing population, second-home purchases, innovative mortgages, and speculative buying in markets such as Ashland and Bend boosted the state’s housing market. Meanwhile, year-over-year growth in commercial and industrial construction topped 17% in May. Hospitals, shopping centers, and medical offices are being built throughout the state. Also under construction are a minimum-security prison in Madras, Google’s plant in The Dalles, Lowe’s 1.4 million-square-foot distribution center north of Lebanon and Symantec’s 200,000-square-foot Springfield addition. Sewer work, road repair, and other infrastructure improvements are also keeping heavy and civil engineering firms busy, with nearly 400 Oregon bridges targeted for repair.

— Amy Vander Vliet, regional economist
Oregon Employment Department

{safe_alt_text}{safe_alt_text}



Comments? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.


Read more...

Much ado about data-driven organizations, for good reason

Contributed Blogs
Monday, April 13, 2015
bigdatathumbBY GRANT KIRBY | OP-ED CONTRIBUTOR

The mega-shift from technology-driven to data-driven organizations raises questions about Oregon’s workforce preparedness.


Read more...

Cache and Curry

March 2015
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Power Lunch at Swagat in Hillsboro.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

10 Oregon companies positioning themselves for growth

The Latest
Friday, March 13, 2015
vcthumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Ten startups have secured venture capital, angel or seed funding in 2015.


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

On the Road

April 2015
Friday, March 27, 2015
BY LINDA BAKER

My daughter turned 18 last week, and for her birthday I got her a Car2Go membership. Not to label myself a disruptor or anything, but it felt like a groundbreaking moment. The two of us, mother and child, were participating in a new teen rite of passage: Instead of handing over the car keys, I handed over a car-sharing card — with the caveat that she not use the gift as her own personal car service.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS