U.S. housing starts have been in decline since 2005, but Oregon starts fared worse than the U.S. overall during the first six months of 2008.
U.S. housing starts have been in decline since 2005, but Oregon starts fared worse than the U.S. overall during the first six months of 2008, dropping 45% versus 32% nationally. This compares to a 19% and 25% decline in Oregon and the U.S., respectively, during 2007. Oregon single-family units have fallen 50% so far during 2008, while multi-unit starts have only fallen 34%. Regionally, the South had half of all new housing starts in 2007, while the West accounted for nearly a quarter of them.
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