Oregon's economy is definitely a mixed bag, but there are some signs of life. New home construction is finally turning up in the Portland area at the highest rate in 5 years. Inventory of new homes had dropped to very low levels which firmed up prices. Because this is a labor-intensive industry, that is a good omen for the future, not to mention the use of wood products which Oregon produces in abundance. Now if Congress will quit talking about killing the mortgage interest deduction, maybe things will continue upwards.
www.kgw.com/news/business/Local-Home-Builders-Rebound-151810545.html
There is still bad news. Truitt Bros. locally is closing its green bean canning line, leaving both line workers and local farmers in the lurch and AT&T is closing a call center in PDX leaving 186 workers unemployed. This economy is primed for growth, though, if the uncertainty surrounding healthcare and tax policy is eliminated. You can help make sure of that in November!
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