From:
BUILDER 2010 Posted on: February 25, 2010 3:38:00 PM
The 20 Healthiest Housing Markets for 2010
Which housing markets are the best bets to recover first? We present our annual list of
the 20 healthiest housing markets in the country.
By:
Boyce Thompson
16. Portland-Vancouver-Beaverton, OR-WA
Market Health Indicator:
34.4
2009 Total Building Permits:
3,821
2010 Building Permit Forecast:
10,156
Builders in the Portland area are placing their bets on a strong recovery in 2010; they pulled 17% more
permits in the fourth quarter of last year than they did a year earlier, with nearly all the strength in
single-family. The locals are betting on some strong underlying demographics, including a projected 2%
increase in household growth and continued in-migration from more expensive California markets. The
industry doesn't appear deterred by the region's urban growth boundaries or its
new eco-districts.
Market Intelligence is predicting big things for Portland--an increase of 6,200 in building permits. While
Portland's Renaissance Homes became one of the first major builders to emerge from Chapter 11
proceedings, two others--Legend Homes and Pacific Lifestyle Homes--are still working on their
reorganization plans.
360-904-7356
is a service mark of
The Prudential Insurance Company of America.
