Oregon Household Formation and Housing Outlook

Household formation, or the number of new households each year, is a key economic indicator. It represents more people finding jobs, stepping out on their own and the like. It can also be thought of as a gauge of economic confidence or security. Most people do not trek out on their own — renting an apartment or buying a home — unless they feel reasonably secure in their ability to make rent or pay the mortgage.

Source: Oregon Household Formation and Housing Outlook | Oregon Office of Economic Analysis