This joint report that was produced by ECONorthwest and Up for Growth Oregon assessed how many housing units should have been built in Oregon, one of America’s fastest-growing states, during the time period of 2000-2015. Oregon has strong land-use policies that protect forests and farmland, while also governing growth management, so the state must use the land inside each growth boundary wisely. The report’s conclusions support the importance of enacting innovative public-private solutions that aim to increase the supply and reduce the costs of new housing being added to urban centers. Researchers utilized the REMI model in this analysis to compare and contrast housing growth scenarios. They discovered that both simulations that were implemented led to significant economic benefits for Oregon’s economy as improved housing production reduces housing prices, increases personal income and spending, and supplements GDP and job creation.
ECONorthwest, Up for Growth Oregon – Housing Underproduction in Oregon: Economic, Fiscal and Environmental Impacts of Enabling Transit-Oriented Smart Growth to Address Oregon’s Housing Affordability Challenge [full PDF]