Home builders rebound

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Thursday, May 17, 2012

Oregon home builders' confidence is the best it's been in five years.

The area's largest builder, Arbor Custom Homes is starting five homes a day at Arbor Oaks, a subdivision in Washington County.

There is a growing need for homes. Inventory in the metro area is down to its lowest since 2007, just 4.7 months -- almost half what it was just a year ago.

Low inventory means in some cases, sellers are getting their asking price.

Read more at KGW.

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