Oregon is facing a significant housing shortage, necessitating the construction of approximately 29,500 homes annually, particularly in the Portland area and Willamette Valley. This information stems from the state’s Office of Economic Analysis, which recently released a housing needs analysis report. This report was developed following a comprehensive 2023 law designed to empower the state to set ambitious housing goals and ensure that cities are held accountable for meeting these targets.
Oregon needs to build about 29,500 more homes each year, mostly in the Portland region and Willamette Valley, to resolve its long-standing housing shortage.
The Office of Economic Analysis has released its first annual housing needs analysis report, providing homebuilding targets as dictated by the state's new housing law.
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