- Oregon Business Report - http://oregonbusinessreport.com -

Fast Fact: Housing Starts hit all-time low

“Housing Starts Dropped Sharply as Multi-Family Activity Collapsed. Starts dropped to a new all-time low of just 458,000 units as multi-family activity dropped to a mere 90,000 units at an annual pace. The more volatile multi-family series has been the driver behind several large drops in recent months. Single-family activity managed a second straight gain giving some credence to a bottoming process.” Wachovia Economics Group [1], 5/19/09