The Oregon Natural Resources Report - Agricultural News from Oregon

Portland housing market hottest in U.S.

August 8, 2016 --

By Rick Sohn, PhD
Umqua Coquille LLC

Product prices are up, Portland housing market is the hottest in the U.S. and mortgage interest rates are trending down. Median home prices continue to rise, albeit slower. Recent trends of lumber, logs, home construction, and housing markets, are compared to 2009 and 2005.

chart-sohn-aug16

* A lumber board foot is 12 inches by 12 inches by 1 inch. A log board foot is larger, to account for losses during manufacturing due to tapered logs making straight boards, sawdust, etc. The leftovers become chips, which are used for paper and fuel.

Interpretation and Looking Ahead.



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