Record-setting membership growth in 2012 supports predictions of a growing home building industry recovery in Oregon
PORTLAND, Ore. (January 22, 2013) – The National Association of Home Builders presented an award to the Home Builders Association of Metropolitan Portland today at the International Builders Show in Las Vegas for showing outstanding membership growth in 2012. HBA of Metro Portland increased their 2012 membership numbers by 8.5 percent over 2011, the third largest increase of any metropolitan HBA in the country. The Association has seen their largest membership growth since 2005 and has their largest membership count since the industry downturn in 2009.
Metro Portland has certainly seen a rise in building activity this past year, although that didn’t translate into association membership growth in many other markets across the country. Over 75 percent of HBAs in the U.S. still saw membership declines, and less than 5 percent saw any substantive growth.
In the Portland market, single-family permits were up 34 percent, multi-family permits up 40 percent, and remodeling permits remained level in 2012. While this is encouraging news, new home permits are still at only 50 percent of 2002 levels – the year most national experts agree represents a reasonable housing production volume. In addition, the new home inventory is the tightest it has been in years, with less than a four month supply, and available lots for building are scarce as the pipeline will take a couple of years minimum to ramp back up.
About Home Builders Association of Metropolitan Portland
The Home Builders Association of Metropolitan Portland is the leading voice for the residential building industry, representing more than 1,000 builders, remodelers and industry professionals. Since 1942, the HBA has worked on behalf of the industry to promote diverse, affordable housing options to area residents.