Northwest Oregon has had its share of economic challenges in 2021 as businesses have struggled to find customers or staff, or both, but the construction industry has been a bright spot for the region.
By the numbers
Construction employment in Clatsop, Columbia, Lincoln, and Tillamook counties climbed to around 3,100 jobs during the summer of 2021 and seemed to be having just a small seasonal drop as the industry headed into winter. The last time employment was this high was during the housing boom of 2006 to 2008. This time the growth looks much more sustainable.
From about 2005 through 2015 the construction industry experienced a classic boom and bust fueled by speculative investment followed by financial collapse. Since then the industry has seen solid but not explosive growth in employment.
House prices themselves may be increasing faster than they can sustain in the long run, but construction employment