Sponsored by Lane Powell

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

Tweeting Portland's State of the City address

News
Friday, January 30, 2015
Screen Shot 2015-01-30 at 3.08.19 PMBY JACOB PALMER | OB DIGITAL NEWS EDITOR

For those who were working, here are a few highlights of Charlie Hales' State of the City address.


Read more...

Nuclear fingerprints

March 2015
Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR

At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.


Read more...

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

5 schools helping students crack code

The Latest
Thursday, January 29, 2015
codeduthumbnailBY JACOB PALMER | OB DIGITAL NEWS EDITOR

As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

10 quotes explaining crisis at Port of Portland

The Latest
Friday, February 20, 2015
022015 port portland OBM-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The ongoing labor disputes at the Port of Portland came to a head two weeks ago when Hanjin, the container port's largest client, notified its customers it would be ending its direct route to Oregon.


Read more...

The Carbon Calculus

February 2015
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR

Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.


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