Portland Housing Permits Collapse 61% as High Costs Stall New Projects
Key Takeaways Sharp declines in Portland housing permits signal a significant slowdown in new residential developments. The combination of high construction costs and supply chain challenges hampers city expansion and investment returns. The current conditions elevate risks for real estate portfolios and raise concerns about the city’s future growth potential. Mounting Challenges in Portland Housing Development Landscape Scarcity and bottlenecks are taking hold, threatening to choke future development . The risks to portfolios and city growth have never been greater. Housing Permits Plummet Amid Surging Costs and Regulation Between 2019 and 2024, the Portland-Vancouver-Hillsboro region witnessed permit approvals for multifamily housing crater by 68%. The pace is unprecedented , sending shockwaves through every corner of the market and exposing vulnerabilities in infrastructure investment across the city. Single-family home permits, the backbone of many urban development st...
