Cedar Mill, Portland Oregon.: February 2013

Wednesday, February 20, 2013

How Does The Housing Multiplier's Affect You?

There is a direct connection between housing and economic vitality at the state, local and neighborhood level, and after years of struggle during the recession, the housing market is in the process of being rebuilt. 2012 ended as the best year in residential construction since the housing market began, and Portland blew the national average out of the water as single family construction was up 34%.

What does that mean for you? Whether or not you are in the market to buy or sell the health of the the housing market will most likely have an impact on you.

The direct impacts of new construction will result in 300 jobs being generated for every 100 homes built, according to Dave nielsen, CEO of the Portland Home Builders Association. About half of the jobs created are in the construction industry and the other half spread over related sectors including manufacturing, brokerage, law and accounting.

The indirect impacts are the jobs and spending created from businesses that are suppliers to the construction operations including building material suppliers, cabinet manufacturers, as well as businesses providing services such as architectural firms and trucking companies.

The induced impacts result in new job creation in the consumer-related sector. Workers involved in the construction project will spend their earned wages at local restaurants, shops, grocers, clinics, pharmacies and other local businesses. This creates a ripple effect as those employers now have more resources to hire additional staff that will then spend their wages in the same manner.

A strong housing industry not only means more jobs, but more money in our communities. Home building increases the property tax base which generates revenue that supports local schools and communities. For each new single-family home that is built, it is estimated that it generates a total of $90,000 in government revenue -- $67,000 in federal taxes and $23,000 in state and local taxes.

100 Homes = 300 jobs
+ $20,000,000 into the local economy
+ $4,000,000 in tax revenue

The Portland Home Builders Association expects construction to continue to thrive due to lower inventories, rising home prices, and fewer foreclosures.

Monday, February 18, 2013

Sunset High School Hosts Curriculum Night This Thursday

Students who will be attending Sunset High School next school year are encouraged to attend Curriculum night hosted by Sunset High School this Thursday from 6:00 p.m. - 9:00 p.m.

Information covered will include opportunities to learn about the overall academic program, advanced programs and International Baccalaureate, language arts, social studies, mathematics, science programs, and post high school planning.

All incoming students will receive forecasting forms and the Guide to Academic Program Planning in the next few weeks. The Guide contains information regarding all of Sunset's course offerings in grades nine through twelve. It also suggests courses of study, outlines graduation requirements, and lists available activities and athletics. Completed and signed forecasting forms must be returned to your child's current school during the week of Feb. 25th.

If your child is due to enter Sunset as a 9th grader next year, Sunset counselors will be visiting them at their current middle school to distribute forecasting materials and help students begin the forecasting process for next year’s classes. The schedule goes as follows:

Stoller on Monday, February 11th
Meadow Park on Tuesday, February 12th
Cedar Park on Wednesday, February 13th

Current 9th, 10th, and 11th graders will receive forecasting materials in Advisory on Wednesday, February 13th.

Sessions will be available for all grades throughout the night, and parents are encouraged to attend any session relevant to the child. Sessions for Returning students and families will begin after 7:00 pm. Overflow parking will be available at the Sunset pool and across Cornell Road near Shari’s.

Keller Williams Realty Professionals | 9755 SW Barnes Rd, Suite 560 | Portland, OR 97225