North Coast construction slumps


Building permits have plummeted, and so have prices.

Share this article!

Construction permits are way down in coastal cities. In Seaside they fell from 24 in the first half of 2008 to just two during the same period of 2009.

As housing developments stall, construction companies desperate for jobs are bidding down the prices of other local projects. Those that would normally be flush with home-building jobs are rushing to bid on any work that will pay the bills.

Bargain prices for construction work have helped companies such as Costco start commercial developments this summer, but some big jobs that might have started this season have been put on hold because of the emaciated housing market and the credit crunch.

Read the full report from the Daily Astorian.




Latest from Oregon Business Team