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Business News


We start the day with consumer confidence being at its highest level since late 2007, just before we slipped into the Great Recession. The index stands at 82.3 driven higher by better outlooks for increased hiring and improved business conditions. (Business Insider)

Durable goods orders, ex aircraft, in February rose 0.2% versus being up 0.9% in January.  (Department of Commerce)

Home prices in America’s 20-largest cities climbed 13.3% during the last 12-months according to January data.  Since the bottom of the index in 2013 home prices have rebounded 23%.  Portland, which is included in the survey, was right at the national average. (S&P/Case-Shiller)

Oregon’s personal income grew 3.5% last year adding $5.4 billion to the economy. Oregon’s per capita income is $40,233 which is only 90% of the national average, a gap that has been growing since 1990 when the spotted owl crippled the forest products industry. We are number 32 in national per capita income. (Oregon Live)

Another example of the death of DVD comes from Oregon media measurement company Rentrak.  They are selling their “Pay-Per-Transaction” business that measures DVD rentals.  They say as viewers move to other medium their revenue from the business has fallen from $100 million in 2006 to $7 million in 2013. (Oregon Live)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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