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New home sales in December fell 10.4% to an annual rate of 536,000 homes. Sales totaled 563,000 in 2016, up 12.2% year over year their highest since 2007. (Commerce Department)

Bank of the Cascades fourth-quarter profits jumped 43% to $5.9 million. Net income for 2016 was $16.8 million compared with $20.6 million in 2015. In 2016 the BOTC paid $4.9 million in merger-and-acquisition expenses lowering profits. (PR Newswire)

All that Facebooking takes some juice. Prineville, the home to several large data centers for both Facebook and Apple is running low on electricity. That means plans for a proposed factory cannot be supported on the current power grid. The factory could provide 300 additional jobs if electricity can be provided. (Oregonian)

Microsoft posted a 3.6% jump in profits for the quarter making $5.2 billion. Revenue, excluding LinkedIn, was $25.838 billion.  Their LinkedIn division had revenue of $228 million in the quarter, equaling a loss of $100 million. Microsoft's shares re up 23.2% in the past 12 months. (Reuters)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.