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Oregon’s Construction Defect Liability Laws: A Barrier to Homeownership?

/ Owner - October 18, 2024

Oregon is grappling with a significant housing shortage, intensified by a chronic undersupply that has pushed home prices beyond the reach of many residents. This crisis undermines homeownership, a crucial pathway to accumulating personal and generational wealth, particularly for first-time buyers and middle-income households.  Among the viable solutions to this issue, condominiums and townhouses stand out as accessible options. However, despite their potential to ease the housing crunch, production of these units in Oregon has not kept pace with demand. The peak of condominium production in 2006 saw 4,199 units built, but this figure has plummeted to an average of just 309 units annually since then.   Read the article…………………………….

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